Eccleshall Pharmacy Limited - Accounts to registrar (filleted) - small 18.2
Eccleshall Pharmacy Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 August 2020 |
for |
ECCLESHALL PHARMACY LIMITED |
ECCLESHALL PHARMACY LIMITED (REGISTERED NUMBER: 04108600) |
Contents of the Financial Statements |
for the Year Ended 31 August 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Chartered Accountants' Report | 5 |
ECCLESHALL PHARMACY LIMITED |
Company Information |
for the Year Ended 31 August 2020 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Telegraph House |
59 Wolverhampton Road |
Stafford |
Staffordshire |
ST17 4AW |
ECCLESHALL PHARMACY LIMITED (REGISTERED NUMBER: 04108600) |
Balance Sheet |
31 August 2020 |
31.8.20 | 31.8.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
ECCLESHALL PHARMACY LIMITED (REGISTERED NUMBER: 04108600) |
Notes to the Financial Statements |
for the Year Ended 31 August 2020 |
1. | STATUTORY INFORMATION |
Eccleshall Pharmacy Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for the assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
The Directors review stock held at the balance sheet date to ensure that only those goods deemed fit for future sales are included. |
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. |
Employee benefit |
The company's holiday period is 1 September - 31 August, therefore no accrued holiday pay provision is required in these accounts. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
ECCLESHALL PHARMACY LIMITED (REGISTERED NUMBER: 04108600) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2020 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
COST |
At 1 September 2019 |
Additions |
At 31 August 2020 |
DEPRECIATION |
At 1 September 2019 |
Charge for year |
At 31 August 2020 |
NET BOOK VALUE |
At 31 August 2020 |
At 31 August 2019 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.20 | 31.8.19 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.20 | 31.8.19 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | RELATED PARTY DISCLOSURES |
Interest is charged on the directors loan account at 9% above the base rate, payable four monthly in arrears. |
Interest is calculated monthly at a flat rate |
8. | ULTIMATE CONTROLLING PARTY |
The company is controlled by the directors who own 100% of the called up share capital throughout the current and previous year. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Eccleshall Pharmacy Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eccleshall Pharmacy Limited for the year ended 31 August 2020 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Eccleshall Pharmacy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eccleshall Pharmacy Limited and state those matters that we have agreed to state to the Board of Directors of Eccleshall Pharmacy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eccleshall Pharmacy Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Eccleshall Pharmacy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eccleshall Pharmacy Limited. You consider that Eccleshall Pharmacy Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Eccleshall Pharmacy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
Telegraph House |
59 Wolverhampton Road |
Stafford |
Staffordshire |
ST17 4AW |