Company Registration No. 13161698 (England and Wales)
Egginton Street Pharmacy Limited
Unaudited accounts
for the period from 1 January 2022 to 31 March 2023
Egginton Street Pharmacy Limited
Unaudited accounts
Contents
Egginton Street Pharmacy Limited
Company Information
for the period from 1 January 2022 to 31 March 2023
Directors
Sandeep Chandrakant Shah
Rushabh Sandeep Shah
Company Number
13161698 (England and Wales)
Registered Office
43 Glen Way
Leicester
LE2 5YF
Egginton Street Pharmacy Limited
Statement of financial position
as at 31 March 2023
Tangible assets
1,730
5,252
Investment property
74,627
74,627
Cash at bank and in hand
24,868
109,237
Creditors: amounts falling due within one year
(84,270)
(117,261)
Net current assets
21,142
55,945
Called up share capital
51
51
Share premium
97,419
97,419
Profit and loss account
29
38,354
Shareholders' funds
97,499
135,824
For the period ending 31 March 2023 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 5 October 2023 and were signed on its behalf by
Sandeep Chandrakant Shah
Director
Company Registration No. 13161698
Egginton Street Pharmacy Limited
Notes to the Accounts
for the period from 1 January 2022 to 31 March 2023
Egginton Street Pharmacy Limited is a private company, limited by shares, registered in England and Wales, registration number 13161698. The registered office is 43 Glen Way, Leicester, LE2 5YF. The principal place of business is 4 Egginton Street, Leicester, LE5 5BA.
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 period, 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 company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Stock have been valued at the lower of cost and estimated selling price less costs to complete and sell after making due allowance for obsolete and slow moving items.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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% on reducing balance
Motor vehicles
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
20% on reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Egginton Street Pharmacy Limited
Notes to the Accounts
for the period from 1 January 2022 to 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2022
3,456
960
133
1,291
5,840
Disposals
(2,362)
(960)
-
(1,291)
(4,613)
At 31 March 2023
1,094
-
133
-
1,227
At 1 January 2022
348
97
13
130
588
Charge for the period
518
-
29
-
547
On disposals
(1,411)
(97)
-
(130)
(1,638)
At 31 March 2023
(545)
-
42
-
(503)
At 31 March 2023
1,639
-
91
-
1,730
At 31 December 2021
3,108
863
120
1,161
5,252
Fair value at 1 January 2022
74,627
Amounts falling due within one year
Trade debtors
53,623
36,665
7
Creditors: amounts falling due within one year
2023
2021
Trade creditors
73,696
77,961
Taxes and social security
8,431
8,896
Other creditors
7,270
5,052
Loans from directors
(5,606)
23,852
8
Average number of employees
During the period the average number of employees was 2 (2021: 2).