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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
Page
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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
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Egginton Street Pharmacy Limited Statement of financial position as at 31 March 2023
2023 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,730 
5,252 
Investment property
74,627 
74,627 
76,357 
79,879 
Current assets
Inventories
18,091 
16,896 
Debtors
62,453 
47,073 
Cash at bank and in hand
24,868 
109,237 
105,412 
173,206 
Creditors: amounts falling due within one year
(84,270)
(117,261)
Net current assets
21,142 
55,945 
Net assets
97,499 
135,824 
Capital and reserves
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
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Egginton Street Pharmacy Limited Notes to the Accounts for the period from 1 January 2022 to 31 March 2023
1
Statutory information
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.
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 period, 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.
Pension costs
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
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
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 taxation
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
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.
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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 
Depreciation
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)
Net book value
At 31 March 2023
1,639 
- 
91 
- 
1,730 
At 31 December 2021
3,108 
863 
120 
1,161 
5,252 
5
Investment property
2023 
£ 
Fair value at 1 January 2022
74,627 
At 31 March 2023
74,627 
6
Debtors
2023 
2021 
£ 
£ 
Amounts falling due within one year
VAT
6,842 
3,960 
Trade debtors
53,623 
36,665 
Other debtors
1,988 
6,448 
62,453 
47,073 
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 
Accruals
479 
1,500 
84,270 
117,261 
8
Average number of employees
During the period the average number of employees was 2 (2021: 2).
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