Clinpharm Care Ltd - Accounts to registrar (filleted) - small 18.2

Clinpharm Care Ltd - Accounts to registrar (filleted) - small 18.2

CLINPHARM CARE LTD - Company Information

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REGISTERED NUMBER: 07556794 (England and Wales)















Clinpharm Care Ltd

Unaudited Financial Statements for the Year Ended 31 March 2020





Clinpharm Care Ltd (Registered number: 07556794)






Contents of the Financial Statements
for the Year Ended 31 March 2020




Page

Balance Sheet 1

Notes to the Financial Statements 3


Clinpharm Care Ltd (Registered number: 07556794)

Balance Sheet
31 March 2020

2020 2019
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,239 6,473

CURRENT ASSETS
Stocks 42,194 47,180
Debtors 5 172,695 174,214
Cash at bank and in hand 18,545 7,288
233,434 228,682
CREDITORS
Amounts falling due within one year 6 (165,287 ) (169,314 )
NET CURRENT ASSETS 68,147 59,368
TOTAL ASSETS LESS CURRENT
LIABILITIES
72,386
65,841

PROVISIONS FOR LIABILITIES - (209 )
NET ASSETS 72,386 65,632

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 72,287 65,533
72,386 65,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 notes form part of these financial statements

Page 1 continued...
Clinpharm Care Ltd (Registered number: 07556794)

Balance Sheet - continued
31 March 2020


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 11 December 2020 and were signed by:





Mohammed Ayaz - Director


The notes form part of these financial statements

Page 2
Clinpharm Care Ltd (Registered number: 07556794)

Notes to the Financial Statements
for the Year Ended 31 March 2020

1. STATUTORY INFORMATION

Clinpharm Care Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07556794

Registered office: 1752 Coventry Road
Yardley
Birmingham
B26 1PB

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 10% on cost

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

Taxation
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.

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 7 (2019 - 7 ) .

Page 3 continued...
Clinpharm Care Ltd (Registered number: 07556794)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 April 2019
and 31 March 2020 9,750 14,774 24,524
DEPRECIATION
At 1 April 2019 7,800 10,251 18,051
Charge for year 975 1,259 2,234
At 31 March 2020 8,775 11,510 20,285
NET BOOK VALUE
At 31 March 2020 975 3,264 4,239
At 31 March 2019 1,950 4,523 6,473

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 150,366 151,214
Other debtors 22,329 23,000
172,695 174,214

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 155,597 161,497
Taxation and social security 4,705 2,168
Other creditors 4,985 5,649
165,287 169,314

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mohammed Ayaz.

Page 4