Village Street Pharmacy Limited - Accounts to registrar (filleted) - small 23.2.5
Village Street Pharmacy Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 November 2023 |
| for |
| Village Street Pharmacy Limited |
| Village Street Pharmacy Limited (Registered number: 03115332) |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Village Street Pharmacy Limited |
| Company Information |
| for the Year Ended 30 November 2023 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Office 1 |
| 21 Hatherton Street |
| Walsall |
| WS4 2LA |
| Village Street Pharmacy Limited (Registered number: 03115332) |
| Balance Sheet |
| 30 November 2023 |
| 30.11.23 | 30.11.22 |
| 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 |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| Village Street Pharmacy Limited (Registered number: 03115332) |
| Balance Sheet - continued |
| 30 November 2023 |
| 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. |
| 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 |
| Village Street Pharmacy Limited (Registered number: 03115332) |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2023 |
| 1. | STATUTORY INFORMATION |
| Village Street Pharmacy Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 1996, has been written off evenly over its estimated useful life of five years. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Improvements to property | - 10% on reducing balance |
| Fixtures and fittings | - 15% on reducing balance |
| Office equipment | - 15% on reducing balance |
| Motor Vehicle | - 25% on reducing balance |
| Stocks |
| Stocks are valued at the lower of cost and estimated selling price, 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. |
| Village Street Pharmacy Limited (Registered number: 03115332) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 December 2022 |
| and 30 November 2023 |
| AMORTISATION |
| At 1 December 2022 |
| and 30 November 2023 |
| NET BOOK VALUE |
| At 30 November 2023 |
| At 30 November 2022 |
| Village Street Pharmacy Limited (Registered number: 03115332) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2023 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | and | Motor | Computer |
| property | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 December 2022 |
| Additions |
| At 30 November 2023 |
| DEPRECIATION |
| At 1 December 2022 |
| Charge for year |
| At 30 November 2023 |
| NET BOOK VALUE |
| At 30 November 2023 |
| At 30 November 2022 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.23 | 30.11.22 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.23 | 30.11.22 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.11.23 | 30.11.22 |
| £ | £ |
| Bank loans |
| Village Street Pharmacy Limited (Registered number: 03115332) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2023 |
| 9. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The immediate parent undertaking is Burton Cliff Healthcare Limited by virtue of its majority shareholding of the issued ordinary share capital. |