Accounts filed on 30-11-2014
Accounts filed on 30-11-2014
trueHAYFIELD PHARMACY LIMITED077582182014-11-301683228959916842289699100100168422896995703638502079741741253040588340123712281929151713290269275425155763157787429746066491532569741657851803461343391450863144635260Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.
GoodwillAcquired goodwill is written off in equal instalments over its estimated useful economic life of 5 years.Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-over 5 years
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Deferred taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.Fixtures & Fittings15% per annum on a reducing balance0.0000Motor Vehicles25% per annum on a reducing balance0.0000161207161207268681612110747504775047719031152173814211684211684458993133814561068294Ordinary1001100100Ordinary11001001002015-09-30Ms H Pateltruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureHAYFIELD PHARMACY LIMITED2014-04-012014-11-30HAYFIELD PHARMACY LIMITED2013-04-012014-03-31HAYFIELD PHARMACY LIMITED2013-03-31HAYFIELD PHARMACY LIMITED2014-03-31HAYFIELD PHARMACY LIMITED2014-03-31HAYFIELD PHARMACY LIMITED2014-11-30 2015-10-08
