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 2020

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:

Royal Mews

St Georges Place

Cheltenham

Gloucestershire

GL50 3PQ

REGISTERED NUMBER:

04492333 (England and Wales)

ACCOUNTANTS:

Crossley and Co.

Royal Mews

St Georges Place

Cheltenham

Gloucestershire

GL50 3PQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

119,017

133,015

119,017

133,015

CURRENT ASSETS

Stocks

64,921

64,682

Debtors

6

679,649

553,432

Cash at bank and in hand

6,892

39,855

751,462

657,969

CREDITORS

Amounts falling due within one year

7

249,430

263,569

NET CURRENT ASSETS

502,032

394,400

TOTAL ASSETS LESS CURRENT LIABILITIES

621,049

527,415

CREDITORS

Amounts falling due after more than one year

8

(73,434

)

(41,851

)

PROVISIONS FOR LIABILITIES

9

(11,913

)

(14,515

)

NET ASSETS

535,702

471,049

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

535,602

470,949

SHAREHOLDERS' FUNDS

535,702

471,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 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 23 August 2021 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 (2019 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2019

and 30 November 2020

1

AMORTISATION

At 1 December 2019

and 30 November 2020

1

NET BOOK VALUE

At 30 November 2020

-

At 30 November 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2019

104,637

196,409

301,046

Additions

-

4,097

4,097

At 30 November 2020

104,637

200,506

305,143

DEPRECIATION

At 1 December 2019

48,321

119,710

168,031

Charge for year

-

18,095

18,095

At 30 November 2020

48,321

137,805

186,126

NET BOOK VALUE

At 30 November 2020

56,316

62,701

119,017

At 30 November 2019

56,316

76,699

133,015

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Trade debtors

154,079

138,624

Amounts owed by group undertakings

486,474

402,592

Other debtors

39,096

12,216

679,649

553,432

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Bank loans and overdrafts

24,832

67,751

Trade creditors

189,646

151,730

Taxation and social security

32,758

39,737

Other creditors

2,194

4,351

249,430

263,569

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.20

30.11.19

£

£

Bank loans

50,000

-

Hire purchase contracts

23,434

41,851

73,434

41,851

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

50,000

-

9.	PROVISIONS FOR LIABILITIES

30.11.20

30.11.19

£

£

Deferred tax

11,913

14,515

Deferred

tax

£

Balance at 1 December 2019

14,515

Utilised during year

(2,602

)

Balance at 30 November 2020

11,913