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

REGISTERED NUMBER: 04492333 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2021

for

Avonmouth Pharmacy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K G Murphy

SECRETARY:

N R C Standeven F.C.A.

REGISTERED OFFICE:

122 Winchcombe Street

Cheltenham

Gloucestershire

GL52 2NW

REGISTERED NUMBER:

04492333 (England and Wales)

ACCOUNTANTS:

Crossley and Co.

122 Winchcombe Street

Cheltenham

Gloucestershire

GL52 2NW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

104,845

119,017

104,845

119,017

CURRENT ASSETS

Stocks

55,154

64,921

Debtors

6

667,752

679,649

Cash at bank and in hand

-

6,892

722,906

751,462

CREDITORS

Amounts falling due within one year

7

208,445

249,430

NET CURRENT ASSETS

514,461

502,032

TOTAL ASSETS LESS CURRENT LIABILITIES

619,306

621,049

CREDITORS

Amounts falling due after more than one year

8

(30,166

)

(73,434

)

PROVISIONS FOR LIABILITIES

9

(11,913

)

(11,913

)

NET ASSETS

577,227

535,702

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

577,127

535,602

SHAREHOLDERS' FUNDS

577,227

535,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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 30 September 2022 and were signed by:

K G Murphy - Director

1.	STATUTORY INFORMATION

Avonmouth 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 0, 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.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2020

and 30 November 2021

1

AMORTISATION

At 1 December 2020

and 30 November 2021

1

NET BOOK VALUE

At 30 November 2021

-

At 30 November 2020

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2020

and 30 November 2021

104,637

200,506

305,143

DEPRECIATION

At 1 December 2020

48,321

137,805

186,126

Charge for year

-

14,172

14,172

At 30 November 2021

48,321

151,977

200,298

NET BOOK VALUE

At 30 November 2021

56,316

48,529

104,845

At 30 November 2020

56,316

62,701

119,017

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Trade debtors

165,618

154,079

Amounts owed by group undertakings

475,721

486,474

Other debtors

26,413

39,096

667,752

679,649

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Bank loans and overdrafts

10,955

24,832

Trade creditors

179,973

189,646

Taxation and social security

17,517

32,758

Other creditors

-

2,194

208,445

249,430

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.21

30.11.20

£

£

Bank loans

44,676

50,000

Hire purchase contracts

(14,510

)

23,434

30,166

73,434

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

44,676

50,000

9.	PROVISIONS FOR LIABILITIES

30.11.21

30.11.20

£

£

Deferred tax

11,913

11,913

Deferred

tax

£

Balance at 1 December 2020

11,913

Balance at 30 November 2021

11,913

**

BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT SCREEN OF

-

DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB

11,913

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)