Company Registration No. 06521889 (England and Wales)
THE HIGHLANDS PHARMACY LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
THE HIGHLANDS PHARMACY LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
THE HIGHLANDS PHARMACY LTD
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
39,792
49,791
Current assets
Stocks
53,491
47,594
Debtors
263,218
281,638
Cash at bank and in hand
41,984
3,079
358,693
332,311
Creditors: amounts falling due within one year
(280,865)
(276,924)
Net current assets
77,828
55,387
Total assets less current liabilities
117,620
105,178
Capital and reserves
Called up share capital
3
50
50
Profit and loss account
117,570
105,128
Shareholders' funds
117,620
105,178
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.
Directors' 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 directors acknowledge their 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 20 March 2017
Mrs P A Ling
Director
Company Registration No. 06521889
THE HIGHLANDS PHARMACY LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
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
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
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:
Computer equipment
25% reducing balance
Fixtures, fittings & equipment
20% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015 & at 30 June 2016
149,841
Depreciation
At 1 July 2015
100,051
Charge for the year
9,998
At 30 June 2016
110,049
Net book value
At 30 June 2016
39,792
At 30 June 2015
49,791
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
50 ordinary shares of £1 each
50
50
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