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Company Registration No. 08138184 (England and Wales)
PHARMADRUG HEALTHCARE LTD for the year ended 31 March 2023
PHARMADRUG HEALTHCARE LTD Contents
Page
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PHARMADRUG HEALTHCARE LTD Company Information for the year ended 31 March 2023
Directors
Mr. Zeeshan Amjad Butt Ms. Nadia Arshad
Company Number
08138184 (England and Wales)
Registered Office
99a Leeds Road Nelson Lancashire BB9 9UA United kingdom
Accountants
Adamson Accountants 138 Every Street Nelson Lancashire BB9 7EX
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PHARMADRUG HEALTHCARE LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,894 
2,592 
Current assets
Inventories
6,486 
5,742 
Debtors
7,368 
5,678 
Cash at bank and in hand
355,325 
311,344 
369,179 
322,764 
Creditors: amounts falling due within one year
(199,508)
(203,214)
Net current assets
169,671 
119,550 
Net assets
171,565 
122,142 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
171,365 
121,942 
Shareholders' funds
171,565 
122,142 
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 17 November 2023 and were signed on its behalf by
Mr. Zeeshan Amjad Butt Director Company Registration No. 08138184
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PHARMADRUG HEALTHCARE LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
PHARMADRUG HEALTHCARE LTD is a private company, limited by shares, registered in England and Wales, registration number 08138184. The registered office is 99a Leeds Road, Nelson, Lancashire, BB9 9UA, United kingdom.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
20%
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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PHARMADRUG HEALTHCARE LTD Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
5,204 
8,100 
1,241 
14,545 
At 31 March 2023
5,204 
8,100 
1,241 
14,545 
Depreciation
At 1 April 2022
5,102 
5,640 
1,211 
11,953 
Charge for the year
74 
615 
9 
698 
At 31 March 2023
5,176 
6,255 
1,220 
12,651 
Net book value
At 31 March 2023
28 
1,845 
21 
1,894 
At 31 March 2022
102 
2,460 
30 
2,592 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
7,368 
5,678 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
134,308 
127,702 
Taxes and social security
18,410 
18,019 
Other creditors
- 
20,229 
Loans from directors
25,308 
17,337 
Accruals
21,482 
19,927 
199,508 
203,214 
7
Transactions with related parties
The creditors include £25,308 (2022 £17,337) due to the company directors.
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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