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REGISTERED NUMBER: 07662558 (England and Wales)















ONE PHARMACY LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023






ONE PHARMACY LTD (REGISTERED NUMBER: 07662558)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ONE PHARMACY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr S H Patel
Mr S P Hirani





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 07662558 (England and Wales)





ACCOUNTANTS: Kounnis And Partners Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

ONE PHARMACY LTD (REGISTERED NUMBER: 07662558)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 24,117 23,539

CURRENT ASSETS
Inventories 63,333 63,724
Debtors 5 235,975 210,019
Cash at bank and in hand 121,527 220,541
420,835 494,284
CREDITORS
Amounts falling due within one year 6 (541,075 ) (577,611 )
NET CURRENT LIABILITIES (120,240 ) (83,327 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(96,123

)

(59,788

)

PROVISIONS FOR LIABILITIES (2,744 ) (3,863 )
NET LIABILITIES (98,867 ) (63,651 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (99,867 ) (64,651 )
SHAREHOLDERS' FUNDS (98,867 ) (63,651 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

ONE PHARMACY LTD (REGISTERED NUMBER: 07662558)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





Mr S H Patel - Director


ONE PHARMACY LTD (REGISTERED NUMBER: 07662558)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

One Pharmacy Ltd 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.

The financial statements have been prepared on a going concern basis as the directors have provided assurances that they will continue to support the company and have the resources to do so, for the foreseeable future.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Inventories 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.

ONE PHARMACY LTD (REGISTERED NUMBER: 07662558)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 16,903 24,236 49,450 15,816 106,405
Additions - - 7,495 - 7,495
At 30 June 2023 16,903 24,236 56,945 15,816 113,900
DEPRECIATION
At 1 July 2022 12,760 19,972 34,318 15,816 82,866
Charge for year 621 640 5,656 - 6,917
At 30 June 2023 13,381 20,612 39,974 15,816 89,783
NET BOOK VALUE
At 30 June 2023 3,522 3,624 16,971 - 24,117
At 30 June 2022 4,143 4,264 15,132 - 23,539

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 175,552 160,688
Other debtors 60,423 49,331
235,975 210,019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 148,527 111,983
Amounts owed to group undertakings 384,343 444,343
Taxation and social security 3,496 16,504
Other creditors 4,709 4,781
541,075 577,611

7. CONTROLLING PARTY

The company is wholly controlled by Hyperchem Limited.