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No description of principal activities is disclosed
2021-05-01
Sage Accounts Production 21.0 - FRS102_2021
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Company registration number:
NI045862
Maghaberry Pharmacy Limited
Unaudited filleted abridged financial statements
30 April 2022
Maghaberry Pharmacy Limited
Contents
Directors and other information
Accountant's report
Abridged statement of financial position
Notes to the financial statements
Maghaberry Pharmacy Limited
Directors and other information
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Director |
Dr Kathryn McClelland |
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Company number |
NI045862 |
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Registered office |
Unit 3 |
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21 Maghaberry Road |
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Moira |
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Craigavon |
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BT67 0JF |
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Accountant |
GDP Accountants Ltd |
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122A Moore Street |
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Aughnacloy |
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Co Tyrone |
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BT69 6AA |
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Bankers |
Danske Bank |
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PO Box 183 |
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Donegall Square West |
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Belfast |
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BT1 6JS |
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Maghaberry Pharmacy Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Maghaberry Pharmacy Limited
Year ended 30 April 2022
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Maghaberry Pharmacy Limited for the year ended 30 April 2022 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of Maghaberry Pharmacy Limited, as a body, in accordance with the terms of my engagement letter dated 17 February 2021. My work has been undertaken solely to prepare for your approval the financial statements of Maghaberry Pharmacy Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Maghaberry Pharmacy Limited and its director as a body for my work or for this report.
It is your duty to ensure that Maghaberry Pharmacy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Maghaberry Pharmacy Limited. You consider that Maghaberry Pharmacy Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Maghaberry Pharmacy Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
GDP Accountants Ltd
Chartered Certified Accountants
122A Moore Street
Aughnacloy
Co Tyrone
BT69 6AA
9 August 2022
Maghaberry Pharmacy Limited
Abridged statement of financial position
30 April 2022
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2022 |
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2021 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Intangible assets |
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5 |
- |
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- |
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Tangible assets |
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6 |
20,303 |
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12,031 |
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_______ |
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_______ |
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20,303 |
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12,031 |
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Current assets |
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Stocks |
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77,199 |
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80,945 |
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Debtors |
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31,816 |
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32,079 |
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Cash at bank and in hand |
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128,545 |
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122,728 |
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_______ |
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_______ |
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237,560 |
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235,752 |
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Creditors: amounts falling due |
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within one year |
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(
120,779) |
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(
147,041) |
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_______ |
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_______ |
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Net current assets |
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116,781 |
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88,711 |
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_______ |
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_______ |
Total assets less current liabilities |
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137,084 |
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100,742 |
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Provisions for liabilities |
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(
3,487) |
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(
1,833) |
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Accruals and deferred income |
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- |
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- |
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_______ |
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_______ |
Net assets |
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133,597 |
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98,909 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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1 |
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1 |
Profit and loss account |
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133,596 |
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98,908 |
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_______ |
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_______ |
Shareholders funds |
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133,597 |
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98,909 |
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_______ |
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_______ |
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For the year ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 30 April 2022 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the
board of directors
and authorised for issue on
09 August 2022
, and are signed on behalf of the board by:
Dr Kathryn McClelland
Director
Company registration number:
NI045862
Maghaberry Pharmacy Limited
Notes to the financial statements
Year ended 30 April 2022
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Unit 3, 21 Maghaberry Road, Moira, Craigavon, BT67 0JF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
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Goodwill |
- |
20 % |
straight line |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Office equipment |
- |
25 % |
straight line |
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Fittings fixtures and equipment |
- |
15 % |
straight line |
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Motor vehicles |
- |
25 % |
reducing balance |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
11
(2021:
8
).
5.
Intangible assets
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£ |
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Cost |
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At 1 May 2021 and 30 April 2022 |
20,000 |
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_______ |
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Amortisation |
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At 1 May 2021 and 30 April 2022 |
20,000 |
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_______ |
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Carrying amount |
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At 30 April 2022 |
- |
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_______ |
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At 30 April 2021 |
- |
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_______ |
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6.
Tangible assets
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£ |
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Cost |
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At 1 May 2021 |
118,242 |
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Additions |
14,784 |
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_______ |
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At 30 April 2022 |
133,026 |
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_______ |
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Depreciation |
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At 1 May 2021 |
106,211 |
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Charge for the year |
6,512 |
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_______ |
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At 30 April 2022 |
112,723 |
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_______ |
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Carrying amount |
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At 30 April 2022 |
20,303 |
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_______ |
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At 30 April 2021 |
12,031 |
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_______ |
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