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REGISTERED NUMBER: 08934536 (England and Wales)















LEYES LANE PHARMACY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






LEYES LANE PHARMACY LIMITED (REGISTERED NUMBER: 08934536)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEYES LANE PHARMACY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs C A Harvey





SECRETARY: G M Harvey





REGISTERED OFFICE: Marston House
5, Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL





REGISTERED NUMBER: 08934536 (England and Wales)





ACCOUNTANTS: Sephton & Company LLP
Chartered Certified Accountants
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL

LEYES LANE PHARMACY LIMITED (REGISTERED NUMBER: 08934536)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,661 23,661
Tangible assets 5 41,474 17,484
61,135 41,145

CURRENT ASSETS
Stocks 35,742 38,756
Debtors 6 37,390 52,792
Cash at bank and in hand 262,850 234,106
335,982 325,654
CREDITORS
Amounts falling due within one year 7 168,653 169,645
NET CURRENT ASSETS 167,329 156,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,464

197,154

PROVISIONS FOR LIABILITIES 7,223 547
NET ASSETS 221,241 196,607

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 221,141 196,507
SHAREHOLDERS' FUNDS 221,241 196,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

LEYES LANE PHARMACY LIMITED (REGISTERED NUMBER: 08934536)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 9 August 2024 and were signed by:





Mrs C A Harvey - Director


LEYES LANE PHARMACY LIMITED (REGISTERED NUMBER: 08934536)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Leyes Lane Pharmacy Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of fifteen years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over 18 years
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Government grants
Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the assets.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.


LEYES LANE PHARMACY LIMITED (REGISTERED NUMBER: 08934536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 60,000
AMORTISATION
At 1 April 2023 36,339
Charge for year 4,000
At 31 March 2024 40,339
NET BOOK VALUE
At 31 March 2024 19,661
At 31 March 2023 23,661

LEYES LANE PHARMACY LIMITED (REGISTERED NUMBER: 08934536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 30,241 7,463 20,955 58,659
Additions - 435 33,288 33,723
At 31 March 2024 30,241 7,898 54,243 92,382
DEPRECIATION
At 1 April 2023 16,973 6,571 17,631 41,175
Charge for year 1,945 468 7,320 9,733
At 31 March 2024 18,918 7,039 24,951 50,908
NET BOOK VALUE
At 31 March 2024 11,323 859 29,292 41,474
At 31 March 2023 13,268 892 3,324 17,484

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 10,980
Other debtors 37,390 41,812
37,390 52,792

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 147,505 152,313
Taxation and social security 17,637 14,145
Other creditors 3,511 3,187
168,653 169,645

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 16,750 16,750
Between one and five years 67,000 67,000
In more than five years 9,771 26,521
93,521 110,271