TRENT_HEALTH_PHARMACY_LIM - Accounts

TRENT HEALTH PHARMACY LIMITED - Company Information

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Company Registration No. 05141225 (England and Wales)

TRENT HEALTH PHARMACY LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

TRENT HEALTH PHARMACY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

TRENT HEALTH PHARMACY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,423

3,232

Current assets

Stocks

80,208

69,347

Debtors

141,339

153,437

Cash at bank and in hand

389,002

534,545

610,549

757,329

Creditors: amounts falling due within one year

(188,324)

(175,987)

Net current assets

422,225

581,342

Total assets less current liabilities

424,648

584,574

Capital and reserves

Called up share capital

100

Profit and loss account

424,548

584,474

Shareholders' funds

424,648

584,574

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 2 December 2016

Mrs S J Adams

Director

Company Registration No. 05141225

TRENT HEALTH PHARMACY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% per annum of net book value

Fixtures, fittings and equipment

25% per annum of net book value

Motor vehicles

25% per annum of net book value

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

TRENT HEALTH PHARMACY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 July 2015

720,000

13,499

733,499

Additions

10,190

Disposals

(10,190)

At 30 June 2016

720,000

13,499

733,499

Depreciation

At 1 July 2015

720,000

10,267

730,267

On disposals

(1,910)

Charge for the year

2,719

At 30 June 2016

720,000

11,076

731,076

Net book value

At 30 June 2016

2,423

At 30 June 2015

3,232

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100