PHARMWORLD LTD

Company Registration Number:
09373151 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

PHARMWORLD LTD

Contents of the Financial Statements

for the Period Ended 31 December 2021

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

PHARMWORLD LTD

Company Information

for the Period Ended 31 December 2021




Director: Mr Samir Vohra
Mr Bilal Vohra
Mr Suleman Vohra
Registered office: 43
Higher Bank Road
Fulwood
Preston
Lancashire
England
PR2 8PH
Company Registration Number: 09373151 (England and Wales)

PHARMWORLD LTD

Balance sheet

As at 31 December 2021


Notes

2021
£

2020
£
Fixed assets
Tangible assets: 4 156 311
Total fixed assets: 156 311
Current assets
Debtors: 5 0 7,680
Cash at bank and in hand: 29,954 11,061
Total current assets: 29,954 18,741
Creditors: amounts falling due within one year: 6 ( 57,935 ) ( 48,296 )
Net current assets (liabilities): ( 27,981 ) ( 29,555 )
Total assets less current liabilities: ( 27,825 ) ( 29,244 )
Provision for liabilities: ( 30 ) ( 59 )
Total net assets (liabilities): ( 27,855 ) ( 29,303 )

The notes form part of these financial statements

PHARMWORLD LTD

Balance sheet continued

As at 31 December 2021


Notes

2021
£

2020
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 27,955 ) ( 29,403 )
Shareholders funds: ( 27,855 ) ( 29,303 )

For the year ending 31 December 2021 the company was entitled to exemption 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.

This report was approved by the board of directors on 5 September 2022
And Signed On Behalf Of The Board By:

Name: Mr Samir Vohra
Status: Director

The notes form part of these financial statements

PHARMWORLD LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on
    all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over
    its expected useful life, as follows:

    Fixtures and fittings - 20% Straight Line
    Office equipment - 33% Straight Line

PHARMWORLD LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 2. Employees


    2021

    2020
    Average number of employees during the period 3 1

PHARMWORLD LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 3. Off balance sheet disclosure

    No

PHARMWORLD LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Tangible assets

Plant & machinery Office equipment Total
Cost £ £ £
At 01 January 2021 609 467 1,076
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 December 2021 609 467 1,076
Depreciation
At 01 January 2021 609 156 765
Charge for year - 155 155
On disposals - - -
Other adjustments - - -
At 31 December 2021 609 311 920
Net book value
At 31 December 2021 0 156 156
At 31 December 2020 0 311 311

PHARMWORLD LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Debtors


2021
£

2020
£
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 7,680
Total 0 7,680

PHARMWORLD LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

6.Creditors: amounts falling due within one year note


2021
£

2020
£
Accruals and deferred income 300 300
Other creditors 57,635 47,996
Total 57,935 48,296