Pharma Health Solutions LLP
Pharma Health Solutions LLP
Registered number: OC386514
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2023
AWR Accountants Limited
Pharma Health Solutions LLP
Unaudited Abridged Financial Statements
For The Year Ended 31 July 2023
Unaudited Abridged Financial Statements
Contents | |
Page | |
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Abridged Balance Sheet | 1—2 |
Notes to the Abridged Financial Statements | 3—4 |
Pharma Health Solutions LLP
Abridged Balance Sheet
As At
31 July 2023
Abridged Balance Sheet
Registered number:
OC386514
For the year ending 31 July 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
All of the LLP's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2023 in accordance with section 444(2A) of the Companies Act 2006.
2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 4 |
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CURRENT ASSETS | |||||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET (LIABILITIES)/ASSETS ATTRIBUTABLE TO MEMBERS |
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REPRESENTED BY: | |||||
Equity | |||||
Members' other interests | |||||
Members' capital | (37,985) | 93,753 | |||
Other reserves | 5,226 | 39,243 | |||
(32,759) | 132,996 | ||||
TOTAL MEMBERS' INTEREST | |||||
Members' other interests | (32,759) | 132,996 | |||
(32,759) | 132,996 | ||||
Pharma Health Solutions LLP
Abridged Balance Sheet (continued)
As At
31 July 2023
On behalf of the members
Partner
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The notes on pages 3 to 4 form part of these financial statements.
Pharma Health Solutions LLP
Notes to the Abridged Financial Statements
For The Year Ended 31 July 2023
Notes to the Abridged Financial Statements
1.
General Information
Pharma Health Solutions LLP is a limited liability partnership, incorporated in England & Wales, registered number
OC386514
. The Registered Office is Lawrence House, 37 Normanton Road, Derby, Derbyshire, DE1 2GJ.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold |
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Plant & Machinery |
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Fixtures & Fittings |
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Computer Equipment |
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2.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3.
Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 9 (2022: 7)
Pharma Health Solutions LLP
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 July 2023
4.
Tangible Assets
Total | |
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£ | |
Cost | |
As at 1 August 2022 |
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Additions |
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As at 31 July 2023 |
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Depreciation | |
As at 1 August 2022 |
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Provided during the period |
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As at 31 July 2023 |
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Net Book Value | |
As at 31 July 2023 |
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As at 1 August 2022 |
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