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Company registration number: 00923390

The Manor Drug Company (Nottingham) Limited

Filleted Financial Statements

for the Year Ended 30 November 2022

 

The Manor Drug Company (Nottingham) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

The Manor Drug Company (Nottingham) Limited

Company Information

Directors

Mr G A Tims

Mrs A J Cattee

Mr P Cattee

Registered office

11 Manchester Road
Walkden
Manchester
Lancashire
M28 3NS

Auditors

Abrams Ashton Ltd
Chartered Accountants & Statutory Auditors
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

The Manor Drug Company (Nottingham) Limited

(Registration number: 00923390)
Balance Sheet as at 30 November 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

6

10,789

13,487

Current assets

 

Stocks

25,761

41,737

Debtors

7

40,234

82,415

Cash at bank and in hand

 

456,433

544,027

 

522,428

668,179

Creditors: Amounts falling due within one year

8

(92,969)

(160,849)

Net current assets

 

429,459

507,330

Net assets

 

440,248

520,817

Capital and reserves

 

Called up share capital

11,000

11,000

Retained earnings

429,248

509,817

Shareholders' funds

 

440,248

520,817

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 November 2023 and signed on its behalf by:
 

.........................................
Mr P Cattee
Director

 

The Manor Drug Company (Nottingham) Limited

Notes to the Financial Statements for the Year Ended 30 November 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Manchester Road
Walkden
Manchester
Lancashire
M28 3NS
England

These financial statements were authorised for issue by the Board on 24 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling , which is the functional currency of the entity.

Going concern

At 1 December 2022 the directors took the decision to hive-up the trade and assets of the company to PCT Healthcare Limited, a parent undertaking, and to then cease to trade.

Accordingly the directors have not prepared the financial statements on a going concern basis.

 

The Manor Drug Company (Nottingham) Limited

Notes to the Financial Statements for the Year Ended 30 November 2022

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 28 November 2023 was Darren Leigh FCCA, who signed for and on behalf of Abrams Ashton Ltd.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Fixtures and fittings

10-20% reducing balance

Computer equipment

20% reducing balance

Stocks

Stocks are stated at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

The Manor Drug Company (Nottingham) Limited

Notes to the Financial Statements for the Year Ended 30 November 2022

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2021 - 5).

4

Loss before tax

Arrived at after charging/(crediting)

2022
£

2021
£

Depreciation expense

2,698

3,219

Amounts due from group company written off

97,994

-

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 December 2021

330,000

330,000

At 30 November 2022

330,000

330,000

Amortisation

At 1 December 2021

330,000

330,000

At 30 November 2022

330,000

330,000

Carrying amount

At 30 November 2022

-

-

 

The Manor Drug Company (Nottingham) Limited

Notes to the Financial Statements for the Year Ended 30 November 2022

6

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 December 2021

5,469

16,313

88,855

110,637

At 30 November 2022

5,469

16,313

88,855

110,637

Depreciation

At 1 December 2021

3,935

15,385

77,830

97,150

Charge for the year

307

186

2,205

2,698

At 30 November 2022

4,242

15,571

80,035

99,848

Carrying amount

At 30 November 2022

1,227

742

8,820

10,789

At 30 November 2021

1,534

928

11,025

13,487

7

Debtors

Note

2022
£

2021
£

Trade debtors

 

8,076

26,113

Amounts owed by group undertakings

-

32,475

Prepayments and accrued income

 

9,646

9,299

Other debtors

 

22,512

14,528

   

40,234

82,415

 

The Manor Drug Company (Nottingham) Limited

Notes to the Financial Statements for the Year Ended 30 November 2022

8

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Trade creditors

 

56,674

74,327

Amounts owed to group undertakings

32,495

82,712

Accruals and deferred income

 

3,800

3,800

Other creditors

 

-

10

 

92,969

160,849

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of contingencies not included in the balance sheet is £33,461,733 (2021 - £33,461,733). The company is party to a cross guarantee arrangement. The directors do not consider that this guarantee will be called upon.

10

Parent and ultimate parent undertaking

The company's immediate parent is W.R. Evans Healthcare Limited, incorporated in England.

 The ultimate parent is PCT Healthcare (Holdings) Limited, incorporated in England.

  These financial statements are available upon request from Companies House, Crown Way, Maindy, Cardiff CF14 3UZ

 

11

Non adjusting events after the financial period

The company ceased to trade and assets and liabilities were hived up to fellow company PCT Healthcare Limited after the year end.