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
One Stop Pharmacy Limited
Statement of financial position
as at 30 April 2023
Tangible assets
27,171
20,780
Cash at bank and in hand
1,182,751
800,256
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
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
One Stop Pharmacy Limited
Notes to the Accounts
for the year ended 30 April 2023
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
Expenditure on research and development is written off in the year in which it is incurred.
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.
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Tangible fixed assets
Total
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
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Average number of employees
During the year the average number of employees was 14 (2022: 13).