Marnell Pharmacy Ltd - Accounts to registrar (filleted) - small 22.3
Marnell Pharmacy Ltd - Accounts to registrar (filleted) - small 22.3
| REGISTERED NUMBER: |
| Financial Statements For The Year Ended 30 April 2022 |
| for |
| Marnell Pharmacy Ltd |
| Marnell Pharmacy Ltd (Registered number: SC525301) |
| Contents of the Financial Statements |
| For The Year Ended 30 April 2022 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Marnell Pharmacy Ltd |
| Company Information |
| For The Year Ended 30 April 2022 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Regent Court |
| 70 West Regent Street |
| Glasgow |
| G2 2QZ |
| Marnell Pharmacy Ltd (Registered number: SC525301) |
| Statement of Financial Position |
| 30 April 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| Marnell Pharmacy Ltd (Registered number: SC525301) |
| Statement of Financial Position - continued |
| 30 April 2022 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| Marnell Pharmacy Ltd (Registered number: SC525301) |
| Notes to the Financial Statements |
| For The Year Ended 30 April 2022 |
| 1. | STATUTORY INFORMATION |
| Marnell Pharmacy Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 2017, is being amortised evenly over its estimated useful life of twenty years. In 2019 the amortisation policy was reviewed and it was determined that it was more appropriate that Goodwill is amortised over twenty years as opposed to the previously estimated useful life of ten years. |
| Tangible fixed assets |
| Fixed plant and equipment | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer Equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Financial instruments |
| Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. |
| Marnell Pharmacy Ltd (Registered number: SC525301) |
| Notes to the Financial Statements - continued |
| For The Year Ended 30 April 2022 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 statement of financial position date. |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| 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 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 May 2021 |
| and 30 April 2022 |
| AMORTISATION |
| At 1 May 2021 |
| Charge for year |
| At 30 April 2022 |
| NET BOOK VALUE |
| At 30 April 2022 |
| At 30 April 2021 |
| Marnell Pharmacy Ltd (Registered number: SC525301) |
| Notes to the Financial Statements - continued |
| For The Year Ended 30 April 2022 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixed | Fixtures |
| plant and | and | Motor | Computer |
| equipment | fittings | vehicles | Equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 May 2021 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 April 2022 |
| DEPRECIATION |
| At 1 May 2021 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30 April 2022 |
| NET BOOK VALUE |
| At 30 April 2022 |
| At 30 April 2021 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Marnell (East) Ltd | 157,906 | 157,906 |
| Arm Pharmacy Ltd | 70,187 | 6,000 |
| Amberdell Ltd | - | 52,477 |
| Directors' current accounts | - | 90,734 |
| Tax |
| VAT |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans and overdrafts |
| Other loans |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Directors' current accounts | 452 | - |
| Accruals and deferred income |
| Marnell Pharmacy Ltd (Registered number: SC525301) |
| Notes to the Financial Statements - continued |
| For The Year Ended 30 April 2022 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Other loans - 1-2 years | 60,000 | 60,000 |
| Other loans - 2-5 years |
| Other loans more 5yrs instal | 375,000 | 615,000 |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 307,561 | 380,234 |
| Other loans more 5yrs instal | 375,000 | 615,000 |
| 682,561 | 995,234 |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2022 | 2021 |
| £ | £ |
| Within one year |
| Between one and five years |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2022 | 2021 |
| £ | £ |
| Bank loans |
| Bank of Scotland PLC holds a floating charge over the assets of the company as well as a standard security over the whole of tenant's interests in the property at 31 Townhead, Kirkintilloch. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |