Company Registration No. 7396073 (England and Wales)
SMS Pharmacy Ltd
Unaudited accounts
for the year ended 31 October 2022
SMS Pharmacy Ltd
Unaudited accounts
Contents
SMS Pharmacy Ltd
Company Information
for the year ended 31 October 2022
Director
Dipesh Mohanlal Raghwani
Company Number
7396073 (England and Wales)
Registered Office
86 Devonshire Street,
SALFORD,
M7 4AE
ENGLAND
Accountants
S&H Accountants
35 School Walk
Manchester
M16 7GD
SMS Pharmacy Ltd
Statement of financial position
as at 31 October 2022
Intangible assets
1,220,976
1,285,239
Tangible assets
11,252
13,450
Investments
342,759
342,759
Cash at bank and in hand
36,185
33,062
Creditors: amounts falling due within one year
(291,643)
(357,946)
Net current liabilities
(169,531)
(198,175)
Total assets less current liabilities
1,405,456
1,443,273
Creditors: amounts falling due after more than one year
(1,027,171)
(1,079,065)
Net assets
378,285
364,208
Called up share capital
10
10
Profit and loss account
378,275
364,198
Shareholders' funds
378,285
364,208
For the year ending 31 October 2022 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 director acknowledges his 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 and authorised for issue on 23 October 2023 and were signed on its behalf by
Dipesh Mohanlal Raghwani
Director
Company Registration No. 7396073
SMS Pharmacy Ltd
Notes to the Accounts
for the year ended 31 October 2022
SMS Pharmacy Ltd is a private company, limited by shares, registered in England and Wales, registration number 7396073. The registered office is 86 Devonshire Street, , SALFORD, , M7 4AE, ENGLAND.
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 year, 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 accounts are presented in £ sterling.
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:
Fixtures & fittings
15% per annum reducing balance basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 November 2021
1,292,021
180,204
1,472,225
At 31 October 2022
1,292,021
180,204
1,472,225
At 1 November 2021
177,976
9,010
186,986
Charge for the year
55,703
8,560
64,263
At 31 October 2022
233,679
17,570
251,249
At 31 October 2022
1,058,342
162,634
1,220,976
At 31 October 2021
1,114,045
171,194
1,285,239
SMS Pharmacy Ltd
Notes to the Accounts
for the year ended 31 October 2022
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2021
4,500
34,506
39,006
At 31 October 2022
4,500
34,506
39,006
At 1 November 2021
900
24,656
25,556
Charge for the year
720
1,478
2,198
At 31 October 2022
1,620
26,134
27,754
At 31 October 2022
2,880
8,372
11,252
At 31 October 2021
3,600
9,850
13,450
6
Investments
Subsidiary undertakings
Valuation at 1 November 2021
342,759
Valuation at 31 October 2022
342,759
Amounts falling due within one year
Trade debtors
23,587
25,058
8
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
15,387
45,853
Proposed dividends
70,000
-
Loans from directors
205,956
270,363
9
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
859,843
956,562
Other creditors
167,328
122,503
SMS Pharmacy Ltd
Notes to the Accounts
for the year ended 31 October 2022
10
Average number of employees
During the year the average number of employees was 5 (2021: 5).