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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
Page
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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
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ILA POTHECARY LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
89,207 
107,027 
Tangible assets
2,099 
886 
91,306 
107,913 
Current assets
Inventories
287,573 
234,803 
Debtors
197,373 
180,496 
Cash at bank and in hand
263,672 
47,613 
748,618 
462,912 
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 
Capital and reserves
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
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ILA POTHECARY LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
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%
Fixtures & fittings
25%
Computer equipment
25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. The amortisation period is 10 years.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 January 2023
123,333 
55,026 
178,359 
Additions
- 
16 
16 
At 31 December 2023
123,333 
55,042 
178,375 
Amortisation
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 
Net book value
At 31 December 2023
61,668 
27,539 
89,207 
At 31 December 2022
74,001 
33,026 
107,027 
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ILA POTHECARY LIMITED Notes to the Accounts for the year ended 31 December 2023
5
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 
Disposals
- 
- 
(505)
(505)
At 31 December 2023
5,705 
4,430 
4,167 
14,302 
Depreciation
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 
Net book value
At 31 December 2023
635 
- 
1,464 
2,099 
At 31 December 2022
- 
70 
816 
886 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
186,740 
175,010 
Other debtors
10,633 
5,486 
197,373 
180,496 
7
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)
Accruals
3,450 
- 
288,620 
227,302 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
186,734 
191,964 
9
Average number of employees
During the year the average number of employees was 5 (2022: 4).
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