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
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
Apothecary Solutions Ltd
Statement of financial position
as at 31 October 2021
Inventories
156,824
55,966
Cash at bank and in hand
12,302
86,018
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)
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
Apothecary Solutions Ltd
Notes to the Accounts
for the year ended 31 October 2021
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Other tangible fixed assets
20%
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
Additions
1,283
15,000
16,283
At 31 October 2021
1,283
15,000
16,283
Charge for the year
257
3,000
3,257
At 31 October 2021
257
3,000
3,257
At 31 October 2021
1,026
12,000
13,026
Finished goods
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
Other debtors
11,167
9,076
Apothecary Solutions Ltd
Notes to the Accounts
for the year ended 31 October 2021
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
102,989
60,274
Taxes and social security
2,159
10,551
Other creditors
5,892
9,291
8
Creditors: amounts falling due after more than one year
2021
2020
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).