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REGISTERED NUMBER: 01009144 (England and Wales)















COUNTY PHARMACY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






COUNTY PHARMACY LIMITED (REGISTERED NUMBER: 01009144)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


COUNTY PHARMACY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr S.E. Morris
Mrs L.E. Morris



REGISTERED OFFICE: 15 Wordsley Green Shopping Centre
Wordsley
Stourbridge
West Midlands
DY8 5PD



REGISTERED NUMBER: 01009144 (England and Wales)



ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU



BANKERS: HSBC Bank plc
114 High Street
Stourbridge
West Midlands
DY8 1DZ

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
COUNTY PHARMACY LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of County Pharmacy Limited for the year ended 31 March 2023 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of County Pharmacy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of County Pharmacy Limited and state those matters that we have agreed to state to the Board of Directors of County Pharmacy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than County Pharmacy Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that County 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 County Pharmacy Limited. You consider that County Pharmacy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of County Pharmacy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


4 October 2023

COUNTY PHARMACY LIMITED (REGISTERED NUMBER: 01009144)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,239 7,894
Investments 5 187,638 266,212
194,877 274,106

CURRENT ASSETS
Stocks 6 75,905 73,355
Debtors 7 223,195 190,652
Cash at bank and in hand 4,182 99,346
303,282 363,353
CREDITORS
Amounts falling due within one year 8 240,462 333,391
NET CURRENT ASSETS 62,820 29,962
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,697

304,068

PROVISIONS FOR LIABILITIES 2,146 8,019
NET ASSETS 255,551 296,049

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Fair value reserve 9 3,285 27,794
Retained earnings 249,266 265,255
SHAREHOLDERS' FUNDS 255,551 296,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

COUNTY PHARMACY LIMITED (REGISTERED NUMBER: 01009144)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by:





Mr S.E. Morris - Director


COUNTY PHARMACY LIMITED (REGISTERED NUMBER: 01009144)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

County Pharmacy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net sales of goods/services, excluding value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 15 ) .

COUNTY PHARMACY LIMITED (REGISTERED NUMBER: 01009144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022 54,436
Additions 150
At 31 March 2023 54,586
DEPRECIATION
At 1 April 2022 46,542
Charge for year 805
At 31 March 2023 47,347
NET BOOK VALUE
At 31 March 2023 7,239
At 31 March 2022 7,894

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 266,212
Disposals (65,925 )
Revaluations (12,649 )
At 31 March 2023 187,638
NET BOOK VALUE
At 31 March 2023 187,638
At 31 March 2022 266,212

COUNTY PHARMACY LIMITED (REGISTERED NUMBER: 01009144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2019 (9,153 )
Valuation in 2020 (25,557 )
Valuation in 2021 69,571
Valuation in 2022 (548 )
Valuation in 2023 (30,257 )
Cost 183,582
187,638

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 183,582 232,267

6. STOCKS
2023 2022
£    £   
Goods for resale 75,905 73,355

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 135,632 116,114
Other debtors 87,563 74,538
223,195 190,652

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 154,705 207,908
Taxation and social security 13,324 4,286
Other creditors 72,433 121,197
240,462 333,391

COUNTY PHARMACY LIMITED (REGISTERED NUMBER: 01009144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. RESERVES
Fair
value
reserve
£   
At 1 April 2022 27,794
Restatement to fair value (6,901 )
Transfer between reserves (17,608 )

At 31 March 2023 3,285