Avonmouth Pharmacy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04492333 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2017

for

Avonmouth Pharmacy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K G Murphy

SECRETARY:

N R C Standeven A.C.A.

REGISTERED OFFICE:

Royal Mews

St Georges Place

Cheltenham

Gloucestershire

GL50 3PQ

REGISTERED NUMBER:

04492333 (England and Wales)

ACCOUNTANTS:

Crossley and Co.

Royal Mews

St.Georges Place

Cheltenham

Gloucestershire

GL50 3PQ

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

155,887

134,732

155,887

134,732

CURRENT ASSETS

Stocks

66,549

64,561

Debtors

5

618,793

529,000

Cash in hand

151

2,074

685,493

595,635

CREDITORS

Amounts falling due within one year

6

285,023

224,580

NET CURRENT ASSETS

400,470

371,055

TOTAL ASSETS LESS CURRENT LIABILITIES

556,357

505,787

CREDITORS

Amounts falling due after more than one year

7

(47,468

)

(24,355

)

PROVISIONS FOR LIABILITIES

8

(29,086

)

(26,263

)

NET ASSETS

479,803

455,169

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

479,703

455,069

SHAREHOLDERS' FUNDS

479,803

455,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30 August 2018 and were signed by:

K G Murphy - Director

1.	STATUTORY INFORMATION

Avonmouth Pharmacy Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance and 20% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2016

and 30 November 2017

1

AMORTISATION

At 1 December 2016

and 30 November 2017

1

NET BOOK VALUE

At 30 November 2017

-

At 30 November 2016

-

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2016

104,637

152,511

257,148

Additions

-

38,522

38,522

At 30 November 2017

104,637

191,033

295,670

DEPRECIATION

At 1 December 2016

48,321

74,095

122,416

Charge for year

-

17,367

17,367

At 30 November 2017

48,321

91,462

139,783

NET BOOK VALUE

At 30 November 2017

56,316

99,571

155,887

At 30 November 2016

56,316

78,416

134,732

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade debtors

181,049

176,326

Amounts owed by group undertakings

424,730

325,220

Other debtors

13,014

27,454

618,793

529,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Bank loans and overdrafts

51,259

36,588

Trade creditors

196,996

143,244

Taxation and social security

34,945

42,393

Other creditors

1,823

2,355

285,023

224,580

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.17

30.11.16

£

£

Hire purchase contracts

47,468

24,355

8.	PROVISIONS FOR LIABILITIES

30.11.17

30.11.16

£

£

Deferred tax

29,086

26,263

Deferred

tax

£

Balance at 1 December 2016

26,263

Provided during year

2,823

Balance at 30 November 2017

29,086