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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
Page
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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
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SMS Pharmacy Ltd Statement of financial position as at 31 October 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,220,976 
1,285,239 
Tangible assets
11,252 
13,450 
Investments
342,759 
342,759 
1,574,987 
1,641,448 
Current assets
Inventories
35,220 
33,850 
Debtors
50,707 
92,859 
Cash at bank and in hand
36,185 
33,062 
122,112 
159,771 
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 
Capital and reserves
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
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SMS Pharmacy Ltd Notes to the Accounts for the year ended 31 October 2022
1
Statutory information
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.
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 year, 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.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 November 2021
1,292,021 
180,204 
1,472,225 
At 31 October 2022
1,292,021 
180,204 
1,472,225 
Amortisation
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 
Net book value
At 31 October 2022
1,058,342 
162,634 
1,220,976 
At 31 October 2021
1,114,045 
171,194 
1,285,239 
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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 
Depreciation
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 
Net book value
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 
7
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
27,120 
67,801 
Trade debtors
23,587 
25,058 
50,707 
92,859 
8
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
- 
14,995 
Taxes and social security
15,387 
45,853 
Proposed dividends
70,000 
- 
Other creditors
- 
26,735 
Loans from directors
205,956 
270,363 
Accruals
300 
- 
291,643 
357,946 
9
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
859,843 
956,562 
Other creditors
167,328 
122,503 
1,027,171 
1,079,065 
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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).
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