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Company Registration No. 10131408 (England and Wales)
One Stop Pharmacy Limited Unaudited accounts for the year ended 30 April 2023
One Stop Pharmacy Limited Unaudited accounts Contents
Page
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One Stop Pharmacy Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,171 
20,780 
Current assets
Inventories
45,347 
34,608 
Debtors
1,237,726 
474,823 
Cash at bank and in hand
1,182,751 
800,256 
2,465,824 
1,309,687 
Creditors: amounts falling due within one year
(1,479,397)
(613,199)
Net current assets
986,427 
696,488 
Total assets less current liabilities
1,013,598 
717,268 
Provisions for liabilities
Deferred tax
(3,821)
(2,279)
Net assets
1,009,777 
714,989 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,009,677 
714,889 
Shareholders' funds
1,009,777 
714,989 
For the year ending 30 April 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 21 June 2023 and were signed on its behalf by
P Sharma Director Company Registration No. 10131408
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One Stop Pharmacy Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
One Stop Pharmacy Limited is a private company, limited by shares, registered in England and Wales, registration number 10131408. The registered office is UNIT G KEY INDUSTRIAL ESTATE, FERNSIDE ROAD, WILLENHALL, WV13 3YA, ENGLAND.
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.
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
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
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.
Deferred taxation
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. Deferred taxation assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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One Stop Pharmacy Limited Notes to the Accounts for the year ended 30 April 2023
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.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 May 2022
48,757 
Additions
15,459 
At 30 April 2023
64,216 
Depreciation
At 1 May 2022
27,977 
Charge for the year
9,068 
At 30 April 2023
37,045 
Net book value
At 30 April 2023
27,171 
At 30 April 2022
20,780 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
24 A Ordinary shares of £1 each
24 
24 
24 B Ordinary shares of £1 each
24 
24 
26 C Ordinary shares of £1 each
26 
26 
26 D Ordinary shares of £1 each
26 
26 
100 
100 
6
Average number of employees
During the year the average number of employees was 14 (2022: 13).
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