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Company Registration No. 9299722 (England and Wales)
Ossett Pharmacy Limited Unaudited accounts for the year ended 31 March 2023
Ossett Pharmacy Limited Unaudited accounts Contents
Page
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Ossett Pharmacy Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,938 
14,921 
Current assets
Inventories
118,795 
121,432 
Debtors
264,199 
242,190 
382,994 
363,622 
Creditors: amounts falling due within one year
(1,218,612)
(1,154,422)
Net current liabilities
(835,618)
(790,800)
Net liabilities
(823,680)
(775,879)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(823,681)
(775,880)
Shareholders' funds
(823,680)
(775,879)
For the year 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 9 August 2023 and were signed on its behalf by
M S DOBB Director Company Registration No. 9299722
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Ossett Pharmacy Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Ossett Pharmacy Limited is a private company, limited by shares, registered in England and Wales, registration number 9299722. The registered office is 103 WOOD END ROAD, BIRMINGHAM, B24 8NT.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% on the reducing balance
Fixtures & fittings
20% on the reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Ossett Pharmacy Limited Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
1,670,411 
At 31 March 2023
1,670,411 
Amortisation
At 1 April 2022
1,670,411 
At 31 March 2023
1,670,411 
Net book value
At 31 March 2023
- 
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
6,255 
28,365 
34,620 
At 31 March 2023
6,255 
28,365 
34,620 
Depreciation
At 1 April 2022
4,613 
15,086 
19,699 
Charge for the year
328 
2,655 
2,983 
At 31 March 2023
4,941 
17,741 
22,682 
Net book value
At 31 March 2023
1,314 
10,624 
11,938 
At 31 March 2022
1,642 
13,279 
14,921 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
172,589 
157,275 
Other debtors
91,610 
84,915 
264,199 
242,190 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
54,814 
53,294 
Trade creditors
211,543 
183,884 
Other creditors
922,255 
917,244 
Loans from directors
30,000 
- 
1,218,612 
1,154,422 
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Ossett Pharmacy Limited Notes to the Accounts for the year ended 31 March 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
M S DOBB
Directors Loan Account
- 
5,000 
- 
5,000 
J S DHILLON
Directors Loan Account
- 
25,000 
- 
25,000 
- 
30,000 
- 
30,000 
10
Controlling party
The company is wholly owned by Woodend Healthcare Limited.
11
Average number of employees
During the year the average number of employees was 16 (2022: 14).
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