Company Registration No. 3631732 (England and Wales)
ADVANCE PHARMACIES LTD
Unaudited accounts
for the year ended 30 November 2023
ADVANCE PHARMACIES LTD
Unaudited accounts
Contents
ADVANCE PHARMACIES LTD
Company Information
for the year ended 30 November 2023
Company Number
3631732 (England and Wales)
Registered Office
Malinslee Pharmacy
Church Road
Malinslee, Telford
TF3 2JZ
Accountants
Caldwell House Consulting
44 Caldwell Road
Birmingham
West Midlands
B9 5TQ
ADVANCE PHARMACIES LTD
Statement of financial position
as at 30 November 2023
Intangible assets
1,065,000
1,065,000
Tangible assets
520,138
538,672
Inventories
283,607
266,081
Cash at bank and in hand
331,230
21,205
Creditors: amounts falling due within one year
(608,744)
(618,745)
Net current assets
100,402
18,394
Total assets less current liabilities
1,685,540
1,862,066
Creditors: amounts falling due after more than one year
(915,723)
(881,188)
Provisions for liabilities
Deferred tax
(54,630)
(43,405)
Net assets
715,187
937,473
Called up share capital
200
200
Profit and loss account
714,987
937,273
Shareholders' funds
715,187
937,473
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. 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 16 May 2024 and were signed on its behalf by
Nadeem Iqbal
Director
Company Registration No. 3631732
ADVANCE PHARMACIES LTD
Notes to the Accounts
for the year ended 30 November 2023
ADVANCE PHARMACIES LTD is a private company, limited by shares, registered in England and Wales, registration number 3631732. The registered office is Malinslee Pharmacy , Church Road, Malinslee, Telford, TF3 2JZ.
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.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
At 7% reducing balance basis
Fixtures & fittings
At 5% reducing balance basis
Intangible fixed assets (including purchased goodwill) have not been amortised.
4
Intangible fixed assets
Goodwill
At 1 December 2022
1,065,000
At 30 November 2023
1,065,000
At 30 November 2023
1,065,000
At 30 November 2022
1,065,000
ADVANCE PHARMACIES LTD
Notes to the Accounts
for the year ended 30 November 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
184,912
107,769
559,129
851,810
At 30 November 2023
184,912
107,769
559,129
851,810
At 1 December 2022
-
65,438
247,700
313,138
Charge for the year
-
2,963
15,571
18,534
At 30 November 2023
-
68,401
263,271
331,672
At 30 November 2023
184,912
39,368
295,858
520,138
At 30 November 2022
184,912
42,331
311,429
538,672
6
Investments
Other investments
Valuation at 1 December 2022
240,000
Fair value adjustments
(240,000)
Valuation at 30 November 2023
-
Amounts falling due within one year
Trade debtors
43,181
349,853
8
Creditors: amounts falling due within one year
2023
2022
Trade creditors
369,612
389,987
Taxes and social security
7,327
30,802
Other creditors
231,805
197,956
9
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
915,723
881,188
ADVANCE PHARMACIES LTD
Notes to the Accounts
for the year ended 30 November 2023
10
Deferred taxation
2023
2022
Accelerated capital allowances
54,630
43,405
Provision at start of year
43,405
41,898
Charged to the profit and loss account
11,225
1,507
Provision at end of year
54,630
43,405
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
100 Ordinary shares - B of £1 each
100
100
12
Average number of employees
During the year the average number of employees was 17 (2022: 17).