Totley Pharmacy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06370207 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2019

for

Totley Pharmacy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr T Singh

SECRETARY:

Mrs H Kaur

REGISTERED OFFICE:

158

Baslow Road

Totley

Sheffield

South Yorkshire

S17 4DR

REGISTERED NUMBER:

06370207 (England and Wales)

ACCOUNTANTS:

SMH Haywood & Co Limited

24-26 Mansfield Road

Rotherham

South Yorkshire

S60 2DT

FIXED ASSETS

Intangible assets

4

500,000

562,500

Tangible assets

5

40,853

51,690

540,853

614,190

CURRENT ASSETS

Stocks

25,173

25,443

Debtors

6

756,234

727,988

Cash at bank and in hand

28,059

21,017

809,466

774,448

CREDITORS

Amounts falling due within one year

7

(99,027

)

(137,441

)

NET CURRENT ASSETS

710,439

637,007

TOTAL ASSETS LESS CURRENT LIABILITIES

1,251,292

1,251,197

PROVISIONS FOR LIABILITIES

(6,388

)

(6,610

)

NET ASSETS

1,244,904

1,244,587

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,244,804

1,244,487

1,244,904

1,244,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 June 2020 and were signed by:

Mr T Singh - Director

1.	STATUTORY INFORMATION

Totley Pharmacy Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2018 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2018

and 30 September 2019

1,250,000

AMORTISATION

At 1 October 2018

687,500

Charge for year

62,500

At 30 September 2019

750,000

NET BOOK VALUE

At 30 September 2019

500,000

At 30 September 2018

562,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2018

96,315

Additions

2,780

At 30 September 2019

99,095

DEPRECIATION

At 1 October 2018

44,625

Charge for year

13,617

At 30 September 2019

58,242

NET BOOK VALUE

At 30 September 2019

40,853

At 30 September 2018

51,690

6.

DEBTORS

2019

2018

£

£

Amounts falling due within one year:

Trade debtors

187,640

178,716

Other debtors

19,872

30,366

207,512

209,082

Amounts falling due after more than one year:

Other debtors

548,722

518,906

Aggregate amounts

756,234

727,988

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

65,452

103,027

Taxation and social security

21,849

20,520

Other creditors

11,726

13,894

99,027

137,441

8.	RELATED PARTY DISCLOSURES