REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 29 October 2022 |
for |
Broadway Pharmacy (Staines) LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 29 October 2022 |
for |
Broadway Pharmacy (Staines) LLP |
Broadway Pharmacy (Staines) LLP (Registered number: OC309967) |
Contents of the Financial Statements |
for the Year Ended 29 October 2022 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Broadway Pharmacy (Staines) LLP |
General Information |
for the Year Ended 29 October 2022 |
DESIGNATED MEMBERS: |
Ms J Li |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Broadway Pharmacy (Staines) LLP (Registered number: OC309967) |
Balance Sheet |
29 October 2022 |
29.10.22 | 29.10.21 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks | 6 |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
370,273 |
232,354 |
Broadway Pharmacy (Staines) LLP (Registered number: OC309967) |
Balance Sheet - continued |
29 October 2022 |
29.10.22 | 29.10.21 |
as restated |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
10 |
357,717 |
219,798 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 12,556 | 12,556 |
370,273 | 232,354 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members |
10 |
357,717 |
219,798 |
Members' other interests | 12,556 | 12,556 |
370,273 | 232,354 |
The members acknowledge their responsibilities for: |
(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered. |
The financial statements were approved by the members of the LLP and authorised for issue on |
Broadway Pharmacy (Staines) LLP (Registered number: OC309967) |
Notes to the Financial Statements |
for the Year Ended 29 October 2022 |
1. | STATUTORY INFORMATION |
Broadway Pharmacy (Staines) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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" and the companies Act 2006. |
The financial statements have been prepared under historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of the business and, is |
being amortised evenly over its estimated useful life of twenty years. |
Tangible fixed assets |
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: |
Freehold property : 2% straight line |
Fixture and fittings : 10% straight line |
Motor vehicles : 25% reducing balance |
Computer equipment:25% 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. |
Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
Broadway Pharmacy (Staines) LLP (Registered number: OC309967) |
Notes to the Financial Statements - continued |
for the Year Ended 29 October 2022 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 30 October 2021 |
and 29 October 2022 |
AMORTISATION |
At 30 October 2021 |
Amortisation for year |
At 29 October 2022 |
NET BOOK VALUE |
At 29 October 2022 |
At 29 October 2021 |
5. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Freehold | to | and |
property | property | fittings |
£ | £ | £ |
COST |
At 30 October 2021 |
Additions |
At 29 October 2022 |
DEPRECIATION |
At 30 October 2021 |
Charge for year | ( |
) |
At 29 October 2022 |
NET BOOK VALUE |
At 29 October 2022 |
At 29 October 2021 | ( |
) |
Broadway Pharmacy (Staines) LLP (Registered number: OC309967) |
Notes to the Financial Statements - continued |
for the Year Ended 29 October 2022 |
5. | TANGIBLE FIXED ASSETS - continued |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 30 October 2021 |
Additions |
At 29 October 2022 |
DEPRECIATION |
At 30 October 2021 |
Charge for year |
At 29 October 2022 |
NET BOOK VALUE |
At 29 October 2022 |
At 29 October 2021 |
6. | STOCKS |
29.10.22 | 29.10.21 |
as | restated |
£ | £ |
Stocks |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.10.22 | 29.10.21 |
as | restated |
£ | £ |
Trade debtors |
VAT |
Prepayments and accrued income |
Broadway Pharmacy (Staines) LLP (Registered number: OC309967) |
Notes to the Financial Statements - continued |
for the Year Ended 29 October 2022 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.10.22 | 29.10.21 |
as | restated |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Social security and other taxes |
Net Wages | 23,921 | 5,979 |
Pension | 293 | 329 |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
29.10.22 | 29.10.21 |
as | restated |
£ | £ |
Bank loans - 2-5 years |
Bank loans more 5 yr by instal |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | - | 62,455 |
10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans and other debts due to members are unsecured and would rank pari passu with other unsecured creditors in the event of a winding up. |
Broadway Pharmacy (Staines) LLP (Registered number: OC309967) |
Notes to the Financial Statements - continued |
for the Year Ended 29 October 2022 |
11. | PRIOR YEAR ADJUSTMENTS |
In previous year's financial statement, trade debtors were incorrectly shown as a drawings by members and debit balance in partner's current account. A prior year adjustment has been made to include and show trade debtors and members' account correctly. |
Changes to the balance sheet: |
As previously reported |
Adjustment |
As restated at 29.10.2021 |
£ | £ | £ |
Current Assets |
Trade debtors | 130,017 | 102,337 | 232,354 |
Net Assets Attributable to Members | 130,017 | 102,337 | 232,354 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to member | 117,461 | 102,337 | 219,798 |
Members' other interests | 12,556 | 12,556 |
130,017 | 102,337 | 232,354 |
There is no effect on profit and loss account in respect of the above adjustment. |