Maryhill Dispensary Limited - Accounts to registrar (filleted) - small 18.2

Maryhill Dispensary Limited - Accounts to registrar (filleted) - small 18.2

MARYHILL DISPENSARY LIMITED - Company Information

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REGISTERED NUMBER: SC069836 (Scotland)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

MARYHILL DISPENSARY LIMITED
MARYHILL DISPENSARY LIMITED (REGISTERED NUMBER: SC069836)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MARYHILL DISPENSARY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2020







DIRECTORS: A Qayum
I A Qayum
U Qayum





SECRETARY: A Qayum





REGISTERED OFFICE: 51 Gairbraid Avenue
Maryhill
Glasgow
G20 8FB





REGISTERED NUMBER: SC069836 (Scotland)





ACCOUNTANTS: Bannerman Johnstone Maclay
Chartered Accountants
213 St Vincent Street
Glasgow
G2 5QY
Page 1
MARYHILL DISPENSARY LIMITED (REGISTERED NUMBER: SC069836)

BALANCE SHEET
31 DECEMBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,485 78,216

CURRENT ASSETS
Stocks 133,390 146,390
Debtors 5 348,057 546,913
Cash at bank 1,084,361 638,824
1,565,808 1,332,127
CREDITORS
Amounts falling due within one year 6 625,513 598,321
NET CURRENT ASSETS 940,295 733,806
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,006,780
812,022

CAPITAL AND RESERVES
Called up share capital 826 826
Share premium 212 212
Retained earnings 1,005,742 810,984
SHAREHOLDERS' FUNDS 1,006,780 812,022

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 7 September 2021 and were signed on its behalf by:





A Qayum - Director


The notes form part of these financial statements

Page 2
MARYHILL DISPENSARY LIMITED (REGISTERED NUMBER: SC069836)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020


1. STATUTORY INFORMATION

Maryhill Dispensary Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% 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.

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 6 (2019 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2020
and 31 December 2020 145,205
DEPRECIATION
At 1 January 2020 66,989
Charge for year 11,731
At 31 December 2020 78,720
NET BOOK VALUE
At 31 December 2020 66,485
At 31 December 2019 78,216

Page 3 continued...
MARYHILL DISPENSARY LIMITED (REGISTERED NUMBER: SC069836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020


5. DEBTORS
2020 2019
£    £   
Amounts falling due within one year:
Trade debtors (934 ) 188,663
Other debtors 17,852 28,476
16,918 217,139

Amounts falling due after more than one year:
Amounts owed by participating interests 331,139 329,774

Aggregate amounts 348,057 546,913

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 173,514 312,677
Taxation and social security 52,446 87,787
Other creditors 399,553 197,857
625,513 598,321

Page 4