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REGISTERED NUMBER: 04549629 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

SWINSON PARRY LIMITED
T/A
PRITCHARDS PHARMACY

SWINSON PARRY LIMITED (REGISTERED NUMBER: 04549629)
T/A PRITCHARDS PHARMACY

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


SWINSON PARRY LIMITED (REGISTERED NUMBER: 04549629)
T/A PRITCHARDS PHARMACY

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 26,500
Tangible assets 5 343,243 174,679
343,243 201,179

CURRENT ASSETS
Stocks 57,862 58,028
Debtors 6 321,924 274,825
Cash at bank and in hand 742,285 822,069
1,122,071 1,154,922
CREDITORS
Amounts falling due within one year 7 366,456 375,269
NET CURRENT ASSETS 755,615 779,653
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,098,858

980,832

PROVISIONS FOR LIABILITIES 47,764 4,273
NET ASSETS 1,051,094 976,559

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,050,994 976,459
SHAREHOLDERS' FUNDS 1,051,094 976,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

SWINSON PARRY LIMITED (REGISTERED NUMBER: 04549629)
T/A PRITCHARDS PHARMACY

BALANCE SHEET - continued
28 FEBRUARY 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:





F Campbell - Director


SWINSON PARRY LIMITED (REGISTERED NUMBER: 04549629)
T/A PRITCHARDS PHARMACY

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Swinson Parry Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04549629

Registered office: 99 Victoria Road
Prestatyn
Denbighshire
LL19 7SR

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.

Turnover
Turnover represents amounts receivable by the company for goods and services supplied, net of VAT and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.


SWINSON PARRY LIMITED (REGISTERED NUMBER: 04549629)
T/A PRITCHARDS PHARMACY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 530,000
AMORTISATION
At 1 March 2022 503,500
Charge for year 26,500
At 28 February 2023 530,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 26,500

SWINSON PARRY LIMITED (REGISTERED NUMBER: 04549629)
T/A PRITCHARDS PHARMACY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2022 211,689 317,219 17,232 546,140
Additions - 195,696 - 195,696
Disposals - (157,453 ) - (157,453 )
At 28 February 2023 211,689 355,462 17,232 584,383
DEPRECIATION
At 1 March 2022 67,163 292,451 11,847 371,461
Charge for year 4,234 15,135 4,308 23,677
Eliminated on disposal - (153,998 ) - (153,998 )
At 28 February 2023 71,397 153,588 16,155 241,140
NET BOOK VALUE
At 28 February 2023 140,292 201,874 1,077 343,243
At 28 February 2022 144,526 24,768 5,385 174,679

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 220,017 209,314
Other debtors 101,907 65,511
321,924 274,825

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 332,387 312,797
Taxation and social security 6,811 46,788
Other creditors 27,258 15,684
366,456 375,269