Nishkam Pharmacy Limited - Accounts to registrar (filleted) - small 23.2.5
Nishkam Pharmacy Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2023 |
| FOR |
| NISHKAM PHARMACY LIMITED |
| NISHKAM PHARMACY LIMITED (REGISTERED NUMBER: 08341597) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| NISHKAM PHARMACY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2023 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants |
| Statutory Auditor |
| 161 Newhall Street |
| Birmingham |
| B3 1SW |
| NISHKAM PHARMACY LIMITED (REGISTERED NUMBER: 08341597) |
| BALANCE SHEET |
| 31 MARCH 2023 |
| 2023 | 2022 |
| 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 ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 |
| NISHKAM PHARMACY LIMITED (REGISTERED NUMBER: 08341597) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2023 |
| 1. | STATUTORY INFORMATION |
| Nishkam Pharmacy Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover arrives from the sale of preparing, dispensing and reviewing of drugs and other clinical sevices. Turnover is recognised at the fair value of considerations at point of sale. |
| 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 |
| Improvements to property | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Stock relate to the valuation of dispensary stock and over the counter trading stock. Stock is valued at lower of cost and net realisable value, after making due allowances 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. |
| NISHKAM PHARMACY LIMITED (REGISTERED NUMBER: 08341597) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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 |
| Computer |
| software |
| £ |
| COST |
| At 1 April 2022 |
| and 31 March 2023 |
| AMORTISATION |
| At 1 April 2022 |
| and 31 March 2023 |
| NET BOOK VALUE |
| At 31 March 2023 |
| At 31 March 2022 |
| NISHKAM PHARMACY LIMITED (REGISTERED NUMBER: 08341597) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2023 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | and | Motor |
| property | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2022 |
| and 31 March 2023 |
| DEPRECIATION |
| At 1 April 2022 |
| Charge for year |
| At 31 March 2023 |
| NET BOOK VALUE |
| At 31 March 2023 |
| At 31 March 2022 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Other debtors |
| VAT |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Social security and other taxes |
| Accrued expenses |
| 8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| NISHKAM PHARMACY LIMITED (REGISTERED NUMBER: 08341597) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2023 |
| 9. | RELATED PARTY DISCLOSURES |
| During the year the following connected parties and transactions were identified: |
| Nishkam Healthcare Trust |
| Nishkam Pharmacy is a 100% owned subsidiary of Nishkam Healthcare Trust. |
| Guru Nanak Nishkam Sewa Jatha (Birmingham) UK |
| An unincorporated charity in which the trustee Mohinder Singh Ahluwalia and J PS Chandan were |
| trustee. |
| Nishkam Healthcare Trust operates from premises at 21 Soho Road, a freehold held by Guru Nanak Nishkam Sewak Jatha (Birmingham) UK. |
| Nishkam Dental Care Limited |
| A 100% subsidiary of Nishkam Healthcare Trust. |
| Nishkam Civic Association |
| A charity in which the trustee Mohinder Singh Ahluwalia, P S Jhutti and J P S Chandan were trustees. |
| Nishkam Security Limited |
| A 25% owned subsidiary of Nishkam Healthcare Trust. |
| Nishkam School Trust |
| A charity in which the trustee Mohinder Singh Ahluwalia was the patron. Nishkam School Trust |
| operates from leased premises at 3, 9 to 11 Soho Road, freeholds held by Guru Nanak Nishkam |
| Sewak Jatha (Birmingham) UK. |
| Sangat Trust |
| A charitable company and its subsidiaries in which Trustee Mohinder Singh Ahluwalia has been a |
| trustee. |
| 2023 | 2022 |
| £ | £ |
| During the year the charity purchased the following services: |
| Nishkam Healthcare Trust | 2,669 | - |
| Nishkam Security Services | - | 3,650 |
| During the year the charity paid the following rental: |
| Nishkam Healthcare Trust | 12,000 | 12,000 |
| At the end of the year the following amounts were due to: |
| Nishkam Healthcare Trust | 12,375 | 8 |
| Nishkam Security Services | - | 3,650 |
| During the year the charity made the following donations: |
| Nishkam Healthcare Trust | 318,7000 | - |
| During the year the charity provided the following services or sales: |
| Guru Nanak Nishkam Sewa Jatha (Birmingham) UK | 7,451 | 9,410 |
| Nishkam Healthcare Trust | 582 | 4,098 |
| Nishkam School Trust | 856 | 1,506 |
| Nishkam Dental Care Limited | 14 | 22 |
| At the end of the year the following amounts were owed by: |
| Nishkam School Trust | - | 1,230 |
| NISHKAM PHARMACY LIMITED (REGISTERED NUMBER: 08341597) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2023 |
| 10. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is NIshkam Healthcare Trust, who owns the 100% share capital of Nishkam Pharmacy Limited. |