Tarbert Pharmacy Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC265645 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2016

FOR

TARBERT PHARMACY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A Scott

Mrs L Scott

SECRETARY:

Mrs L Scott

REGISTERED OFFICE:

5 Kings Court

Falkirk

FK1 1PG

REGISTERED NUMBER:

SC265645 (Scotland)

ACCOUNTANTS:

Martin Robertson Associates Ltd

5 Kings Court

Falkirk

FK1 1PG

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

18,028

22,803

18,028

22,803

CURRENT ASSETS

Stocks

38,642

36,371

Debtors

41,173

36,556

Cash at bank

10,858

16,927

90,673

89,854

CREDITORS

Amounts falling due within one year

(51,506

)

(55,854

)

NET CURRENT ASSETS

39,167

34,000

TOTAL ASSETS LESS CURRENT
LIABILITIES

57,195

56,803

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

57,095

56,703

SHAREHOLDERS' FUNDS

57,195

56,803

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 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 August 2016 and were signed on its behalf by:

A Scott - Director

Mrs L Scott - Director

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 January 2015).

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 2004, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

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 1 May 2015

and 30 April 2016

138,000

AMORTISATION

At 1 May 2015

and 30 April 2016

138,000

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

50,681

DEPRECIATION

At 1 May 2015

27,878

Charge for year

4,775

At 30 April 2016

32,653

NET BOOK VALUE

At 30 April 2016

18,028

At 30 April 2015

22,803

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

100

Ordinary

£1

100

5.	RELATED PARTY DISCLOSURES

Mr A Scott, a director, controls the company.