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REGISTERED NUMBER: 12242968 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Devine Pharmacy Ltd

Devine Pharmacy Ltd (Registered number: 12242968)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


Devine Pharmacy Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: O Ilevbare
Mrs O J Ilevbare





REGISTERED OFFICE: Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP





REGISTERED NUMBER: 12242968 (England and Wales)





ACCOUNTANTS: Havard & Associates
Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP

Devine Pharmacy Ltd (Registered number: 12242968)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 330,000 330,000

CURRENT ASSETS
Debtors 5 79,986 32,595
Cash at bank 3,211 2,529
83,197 35,124
CREDITORS
Amounts falling due within one year 6 311,890 339,364
NET CURRENT LIABILITIES (228,693 ) (304,240 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,307

25,760

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 101,207 25,660
SHAREHOLDERS' FUNDS 101,307 25,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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:





O Ilevbare - Director


Devine Pharmacy Ltd (Registered number: 12242968)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Devine Pharmacy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

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.

Shares purchased are being amortised evenly over their estimated useful life of nil years.

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

Devine Pharmacy Ltd (Registered number: 12242968)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2022
and 31 May 2023 330,000
NET BOOK VALUE
At 31 May 2023 330,000
At 31 May 2022 330,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 79,986 32,595

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 269,587 293,956
Taxation and social security 3,772 6,972
Other creditors 38,531 38,436
311,890 339,364

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 £1.00 100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 May 2023 and the period ended 31 May 2022:

31.5.23 31.5.22
£    £   
O Ilevbare
Balance outstanding at start of year - -
Amounts advanced 8,172 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,172 -

Devine Pharmacy Ltd (Registered number: 12242968)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs O J Ilevbare
Balance outstanding at start of year - -
Amounts advanced 8,172 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,172 -

Interest has been charged on the above loans at a rate of 2.5% per annum in accordance with an approved methodology provided by the U.K. tax authority.