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Company registration number:
04012759
Berkeley Traders Limited
Trading as
Lee Pharmacy
Unaudited filleted financial statements
30 November 2023
Berkeley Traders Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Berkeley Traders Limited
Directors and other information
|
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Director |
Mrs J Patel |
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Secretary |
Mr N Patel |
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Company number |
04012759 |
|
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|
Registered office |
19 Burnt Ash Hill |
|
|
Lee |
|
|
London |
|
|
SE12 0AA |
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Business address |
19 Burnt Ash Hill |
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|
Lee |
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|
London |
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SE12 0AA |
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Accountants |
Hindocha Pandit & Co Limited |
|
|
34 Queensbury Station Parade |
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Edgware |
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Middlesex |
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|
HA8 5NN |
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Bankers |
Lloyds TSB Bank |
|
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Bromley Branch |
|
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6 Market Square |
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Bromley |
|
|
Kent BR1 1NA |
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|
Berkeley Traders Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Berkeley Traders Limited
Year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Berkeley Traders Limited for the year ended 30 November 2023 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of Berkeley Traders Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Berkeley Traders Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Berkeley Traders Limited and its director as a body for our work or for this report.
It is your duty to ensure that Berkeley Traders Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Berkeley Traders Limited. You consider that Berkeley Traders Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Berkeley Traders Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hindocha Pandit & Co Limited
Chartered Certified Accountants
34 Queensbury Station Parade
Edgware
Middlesex
HA8 5NN
27 August 2024
Berkeley Traders Limited
Statement of financial position
30 November 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
5 |
197,890 |
|
|
|
197,890 |
|
|
Tangible assets |
|
6 |
7,496 |
|
|
|
8,820 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
205,386 |
|
|
|
206,710 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
75,000 |
|
|
|
68,000 |
|
|
Debtors |
|
7 |
79,594 |
|
|
|
127,124 |
|
|
Cash at bank and in hand |
|
|
1,009,200 |
|
|
|
998,881 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
1,163,794 |
|
|
|
1,194,005 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
8 |
(
347,184) |
|
|
|
(
387,949) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
816,610 |
|
|
|
806,056 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
1,021,996 |
|
|
|
1,012,766 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
1,021,996 |
|
|
|
1,012,766 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
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|
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Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
2 |
|
|
|
2 |
Profit and loss account |
|
|
|
|
1,021,994 |
|
|
|
1,012,764 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
1,021,996 |
|
|
|
1,012,766 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
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|
|
|
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|
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
27 August 2024
, and are signed on behalf of the board by:
Mrs J Patel
Director
Company registration number:
04012759
Berkeley Traders Limited
Statement of changes in equity
Year ended 30 November 2023
|
|
Called up share capital |
|
Profit and loss account |
Total |
|
|
|
|
|
|
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
At 1 December 2021 |
|
2 |
|
883,933 |
883,935 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
128,831 |
128,831 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
128,831 |
128,831 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
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|
|
|
|
At 30 November 2022 and 1 December 2022 |
|
2 |
|
1,012,763
|
1,012,765
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
9,231 |
9,231 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
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|
Total comprehensive income for the year |
|
- |
|
9,231 |
9,231 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
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At 30 November 2023 |
|
2 |
|
1,021,994 |
1,021,996 |
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|
|
|
|
|
|
_______ |
|
_______ |
_______ |
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Berkeley Traders Limited
Notes to the financial statements
Year ended 30 November 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 19 Burnt Ash Hill, Lee, London, SE12 0AA.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Fittings fixtures and equipment |
- |
15 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Goodwill
The company's accounting policy is to capitalise purchased goodwill. In the director's opinion the value of goodwill has been maintained and therefore in order that the financial statements to give a true and fair view they consider it inappropriate to amortise its value.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2022:
4
).
5.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 December 2022 and 30 November 2023 |
197,890 |
197,890 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 December 2022 and 30 November 2023 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 30 November 2023 |
197,890 |
197,890 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 30 November 2022 |
197,890 |
197,890 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
6.
Tangible assets
|
|
Fixtures, fittings and equipment |
Total |
|
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 December 2022 and 30 November 2023 |
82,768 |
82,768 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 December 2022 |
73,949 |
73,949 |
|
|
|
|
|
|
Charge for the year |
1,323 |
1,323 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 30 November 2023 |
75,272 |
75,272 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 30 November 2023 |
7,496 |
7,496 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 30 November 2022 |
8,819 |
8,819
|
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
57,047 |
99,417 |
|
Other debtors |
|
22,547 |
27,707 |
|
|
|
_______ |
_______ |
|
|
|
79,594 |
127,124 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade creditors |
|
307,309 |
324,431 |
|
Corporation tax |
|
2,476 |
30,585 |
|
Social security and other taxes |
|
945 |
5,368 |
|
Other creditors |
|
36,454 |
27,565 |
|
|
|
_______ |
_______ |
|
|
|
347,184 |
387,949 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Directors advances, credits and guarantees
|
|
Balance brought forward and o/standing |
Balance brought forward and o/standing |
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Mrs J Patel |
9,470 |
9,470 |
|
|
_______ |
_______ |
|
|
|
|
10.
Controlling party
During the year the company was under the control of Mrs. K Patel and Mrs. D Patel the shareholders of the company.