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REGISTERED NUMBER: NI620318 (Northern Ireland)















KENNEDY'S PHARMACY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023






KENNEDY'S PHARMACY LIMITED (REGISTERED NUMBER: NI620318)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


KENNEDY'S PHARMACY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Patrick Kennedy
Anita Kennedy





REGISTERED OFFICE: 56 Main Street
Rasharkin
Ballymena
Co. Antrim
BT44 8PX





REGISTERED NUMBER: NI620318 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly Chartered Accountants
43 Dublin Road
Omagh
Co. Tyrone
BT78 1HE

KENNEDY'S PHARMACY LIMITED (REGISTERED NUMBER: NI620318)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

2023 2022
Notes £ £
NON-CURRENT ASSETS
Property, plant and equipment 5 414,595 475,770

CURRENT ASSETS
Inventories 258,293 172,275
Receivables: amounts falling due within
one year

6

136,608

152,586
Cash at bank and in hand 89,627 168,929
484,528 493,790
PAYABLES
Amounts falling due within one year 7 (581,385 ) (709,991 )
NET CURRENT LIABILITIES (96,857 ) (216,201 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,738

259,569

PAYABLES
Amounts falling due after more than
one year

8

(163,527

)

-
NET ASSETS 154,211 259,569

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 134,211 239,569
154,211 259,569

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

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

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 28 February 2024 and were signed on its behalf by:




Patrick Kennedy - Director


KENNEDY'S PHARMACY LIMITED (REGISTERED NUMBER: NI620318)

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

1. STATUTORY INFORMATION

Kennedy's Pharmacy Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

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

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 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.

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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new
ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

KENNEDY'S PHARMACY LIMITED (REGISTERED NUMBER: NI620318)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2022 - 45 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£ £ £
COST
At 1 May 2022 697,235 13,500 710,735
Additions 12,045 - 12,045
At 30 April 2023 709,280 13,500 722,780
DEPRECIATION
At 1 May 2022 230,926 4,039 234,965
Charge for year 70,855 2,365 73,220
At 30 April 2023 301,781 6,404 308,185
NET BOOK VALUE
At 30 April 2023 407,499 7,096 414,595
At 30 April 2022 466,309 9,461 475,770

6. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 133,602 115,992
Other debtors 3,006 36,594
136,608 152,586

7. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 25,723 -
Trade payables 320,880 467,941
Taxation and social security 7,518 3,360
Other payables 227,264 238,690
581,385 709,991

8. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2023 2022
£ £
Bank loans 163,527 -