Sutton Pharmacy Limited - Limited company - abbreviated - 11.9

Sutton Pharmacy Limited - Limited company - abbreviated - 11.9

SUTTON PHARMACY LIMITED - Company Information

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REGISTERED NUMBER: 04598743 (England and Wales)























Abbreviated Unaudited Accounts

for the Year Ended 29 September 2015

for

Sutton Pharmacy Limited

Sutton Pharmacy Limited (Registered number: 04598743)

Contents of the Abbreviated Accounts
for the Year Ended 29 September 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Sutton Pharmacy Limited

Company Information
for the Year Ended 29 September 2015







DIRECTORS: J Parekh
S Patel





REGISTERED OFFICE: 130 Duke Street
St Helens
Merseyside
WA10 2JL





REGISTERED NUMBER: 04598743 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE
Page 1
Sutton Pharmacy Limited (Registered number: 04598743)

Abbreviated Balance Sheet
29 September 2015

29.9.15 29.9.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 32,062 36,336
Tangible assets 3 232,781 9,184
264,843 45,520

CURRENT ASSETS
Stocks 46,500 41,000
Debtors 111,705 111,531
Cash at bank 53,064 109,294
211,269 261,825
CREDITORS
Amounts falling due within one year 4 157,751 119,711
NET CURRENT ASSETS 53,518 142,114
TOTAL ASSETS LESS CURRENT LIABILITIES 318,361 187,634

CREDITORS
Amounts falling due after more than one
year
4
(140,811		 )
-

PROVISIONS FOR LIABILITIES (2,508 ) (1,589 )
NET ASSETS 175,042 186,045

CAPITAL AND RESERVES
Called up share capital 5 10 10
Profit and loss account 175,032 186,035
SHAREHOLDERS' FUNDS 175,042 186,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2015 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 notes form part of these abbreviated accounts

Page 2
Sutton Pharmacy Limited (Registered number: 04598743)

Abbreviated Balance Sheet - continued
29 September 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 2 December 2015 and were signed on its
behalf by:





J Parekh - Director


The notes form part of these abbreviated accounts

Page 3
Sutton Pharmacy Limited (Registered number: 04598743)

Notes to the Abbreviated Accounts
for the Year Ended 29 September 2015


1. ACCOUNTING POLICIES

Accounting convention
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
Turnover represents net invoiced sales of goods, excluding value added tax.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost
Improvements to property - 2% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over
the period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 30 September 2014
and 29 September 2015 85,487
AMORTISATION
At 30 September 2014 49,151
Amortisation for year 4,274
At 29 September 2015 53,425
NET BOOK VALUE

At 29 September 2015 32,062
At 29 September 2014 36,336

Page 4
Sutton Pharmacy Limited (Registered number: 04598743)

Notes to the Abbreviated Accounts - continued
for the Year Ended 29 September 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 30 September 2014 35,760
Additions 230,714
At 29 September 2015 266,474
DEPRECIATION
At 30 September 2014 26,576
Charge for year 7,117
At 29 September 2015 33,693
NET BOOK VALUE
At 29 September 2015 232,781
At 29 September 2014 9,184

4. CREDITORS

Creditors include an amount of £ 148,311 for which security has been given.

They also include the following debts falling due in more than five years:

29.9.15 29.9.14
£    £   
Repayable by instalments 110,811 -

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.9.15 29.9.14
value: £    £   
6 Ordinary £1 6 6
4 A Ordinary £1 4 4
10 10

Page 5