Abbreviated Company Accounts - PHARMACY PARTNER LIMITED

PHARMACY PARTNER LIMITED - Company Information

Registered Number 07917004

PHARMACY PARTNER LIMITED

Abbreviated Accounts

31 January 2016

PHARMACY PARTNER LIMITED Registered Number 07917004

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	538	717
		538	717
Current assets
Debtors		-	22,969
Cash at bank and in hand		47,623	20,251
		47,623	43,220
Creditors: amounts falling due within one year		(7,745)	(16,652)
Net current assets (liabilities)		39,878	26,568
Total assets less current liabilities		40,416	27,285
Provisions for liabilities		(191)	(191)
Total net assets (liabilities)		40,225	27,094
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		40,224	27,093
Shareholders' funds		40,225	27,094

For the year ending 31 January 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 October 2016

And signed on their behalf by:
Mr B J Duggan, Director

PHARMACY PARTNER LIMITED Registered Number 07917004

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared on the historical basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The company has taken advantage of the exemption, conferred by Financial Reporting Standard 1, from presenting a cash flow as it qualifies as a small company.

Turnover policy
Turnover represents net invoices sales of goods and services, excluding Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:

Computer Equipment 25% on cost

2Tangible fixed assets

	£
Cost
At 1 February 2015	1,692
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	1,692
Depreciation
At 1 February 2015	975
Charge for the year	179
On disposals	-
At 31 January 2016	1,154
Net book values
At 31 January 2016	538
At 31 January 2015	717

3Called Up Share Capital

The company is controlled by Mr B Duggan.
A dividend of £6,000 (2015: £26,000) was paid in the year to B Duggan.

In the period the director B Duggan has provided finance to the company. The amount due to him at the 31st January 2016 was £1,951 (2015:£6,137).