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Company Registration No. 11607360 (England and Wales)
Apothecary Solutions Ltd Unaudited accounts for the year ended 31 October 2021
Apothecary Solutions Ltd Unaudited accounts Contents
Page
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Apothecary Solutions Ltd Company Information for the year ended 31 October 2021
Directors
Deep Subhash Joshi Dipenkumar Patel
Company Number
11607360 (England and Wales)
Registered Office
13 THE MEAD WATFORD WD19 5BY ENGLAND
Accountants
EQUIFIN ACCOUNTANCY LTD 87 Kingshill drive Harrow Middlesex HA3 8QQ
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Apothecary Solutions Ltd Statement of financial position as at 31 October 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,026 
- 
Current assets
Inventories
156,824 
55,966 
Debtors
12,223 
9,151 
Cash at bank and in hand
12,302 
86,018 
181,349 
151,135 
Creditors: amounts falling due within one year
(117,891)
(84,005)
Net current assets
63,458 
67,130 
Total assets less current liabilities
76,484 
67,130 
Creditors: amounts falling due after more than one year
(45,592)
(50,000)
Net assets
30,892 
17,130 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
30,890 
17,128 
Shareholders' funds
30,892 
17,130 
For the year ending 31 October 2021 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2022 and were signed on its behalf by
Deep Subhash Joshi Director Company Registration No. 11607360
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Apothecary Solutions Ltd Notes to the Accounts for the year ended 31 October 2021
1
Statutory information
Apothecary Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 11607360. The registered office is 13 THE MEAD, WATFORD, WD19 5BY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Other tangible fixed assets
20%
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Apothecary Solutions Ltd Notes to the Accounts for the year ended 31 October 2021
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2020
- 
- 
- 
Additions
1,283 
15,000 
16,283 
At 31 October 2021
1,283 
15,000 
16,283 
Depreciation
Charge for the year
257 
3,000 
3,257 
At 31 October 2021
257 
3,000 
3,257 
Net book value
At 31 October 2021
1,026 
12,000 
13,026 
5
Inventories
2021 
2020 
£ 
£ 
Finished goods
156,824 
55,966 
156,824 
55,966 
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
1,056 
- 
Trade debtors
- 
75 
Other debtors
11,167 
9,076 
12,223 
9,151 
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Apothecary Solutions Ltd Notes to the Accounts for the year ended 31 October 2021
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
- 
1,839 
Trade creditors
102,989 
60,274 
Taxes and social security
2,159 
10,551 
Other creditors
5,892 
9,291 
Accruals
6,851 
2,050 
117,891 
84,005 
8
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
45,592 
50,000 
Creditors due after one year consists unsecured Bounce back loan payable in 10 years.
9
Average number of employees
During the year the average number of employees was 4 (2020: 4).
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