Company Registration No. 11367080 (England and Wales)
ILA POTHECARY LIMITED
Unaudited accounts
for the year ended 31 December 2023
ILA POTHECARY LIMITED
Unaudited accounts
Contents
ILA POTHECARY LIMITED
Company Information
for the year ended 31 December 2023
Director
Efstratios CHATZIGIANNIS
Company Number
11367080 (England and Wales)
Registered Office
99 Kensington Church Street
London
W8 7LN
Accountants
STERLING YOUNG LIMITED
Suite 50,238 Merton High Street
Wimbledon
London
SW19 1AU
ILA POTHECARY LIMITED
Statement of financial position
as at 31 December 2023
Intangible assets
89,207
107,027
Inventories
287,573
234,803
Cash at bank and in hand
263,672
47,613
Creditors: amounts falling due within one year
(288,620)
(227,302)
Net current assets
459,998
235,610
Total assets less current liabilities
551,304
343,523
Creditors: amounts falling due after more than one year
(186,734)
(191,964)
Net assets
364,570
151,559
Called up share capital
404
316
Share premium
1,113,719
873,816
Profit and loss account
(749,553)
(722,573)
Shareholders' funds
364,570
151,559
For the year ending 31 December 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 8 August 2024 and were signed on its behalf by
Efstratios CHATZIGIANNIS
Director
Company Registration No. 11367080
ILA POTHECARY LIMITED
Notes to the Accounts
for the year ended 31 December 2023
ILA POTHECARY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11367080. The registered office is 99 Kensington Church Street, London, W8 7LN.
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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.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. The amortisation period is 10 years.
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Intangible fixed assets
Goodwill
Other
Total
At 1 January 2023
123,333
55,026
178,359
At 31 December 2023
123,333
55,042
178,375
At 1 January 2023
49,332
22,000
71,332
Charge for the year
12,333
5,503
17,836
At 31 December 2023
61,665
27,503
89,168
At 31 December 2023
61,668
27,539
89,207
At 31 December 2022
74,001
33,026
107,027
ILA POTHECARY LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
5,000
4,430
2,748
12,178
Additions
705
-
1,924
2,629
At 31 December 2023
5,705
4,430
4,167
14,302
At 1 January 2023
5,000
4,360
1,932
11,292
Charge for the year
70
70
771
911
At 31 December 2023
5,070
4,430
2,703
12,203
At 31 December 2023
635
-
1,464
2,099
At 31 December 2022
-
70
816
886
Amounts falling due within one year
Trade debtors
186,740
175,010
Other debtors
10,633
5,486
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
144,627
290,754
Amounts owed to group undertakings and other participating interests
50,000
-
Taxes and social security
70,543
10,111
Other creditors
20,000
23,796
Loans from directors
-
(97,359)
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Creditors: amounts falling due after more than one year
2023
2022
Other creditors
186,734
191,964
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Average number of employees
During the year the average number of employees was 5 (2022: 4).