1 December 2022 false No description of principal activity Taxfiler 2024.5 SC303485business:PrivateLimitedCompanyLtd2022-12-012023-11-30 SC3034852022-11-30 SC3034852022-12-012023-11-30 SC303485business:AuditExemptWithAccountantsReport2022-12-012023-11-30 SC303485business:AbridgedAccounts2022-12-012023-11-30 SC3034852023-11-30 SC303485business:Director12022-12-012023-11-30 SC303485business:CompanySecretary12022-12-012023-11-30 SC303485business:RegisteredOffice2022-12-012023-11-30 SC3034852022-11-30 SC303485core:WithinOneYear2023-11-30 SC303485core:WithinOneYear2022-11-30 SC303485core:AfterOneYear2023-11-30 SC303485core:AfterOneYear2022-11-30 SC303485core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 SC303485core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 SC303485core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 SC303485core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 SC303485core:PreviouslyStatedAmount2023-11-30 SC303485core:PreviouslyStatedAmount2022-11-30 SC303485business:SmallEntities2022-12-012023-11-30 SC303485countries:Scotland2022-12-012023-11-30 SC303485core:LandBuildings2022-12-012023-11-30 SC303485core:PlantMachinery2022-12-012023-11-30 SC303485core:MotorVehicles2022-12-012023-11-30 SC303485core:FurnitureFittings2022-12-012023-11-30 SC303485core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-11-30 SC303485core:MotorVehiclescore:LeasedAssetsHeldAsLessee2022-11-30 SC303485core:BetweenOneFiveYears2023-11-30 SC303485core:BetweenOneFiveYears2022-11-30 SC303485core:MoreThanFiveYears2023-11-30 SC303485core:MoreThanFiveYears2022-11-30 SC3034852021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. SC303485 (Scotland)
Conon Bridge Pharmacy Ltd Unaudited accounts for the year ended 30 November 2023
Conon Bridge Pharmacy Ltd Unaudited accounts Contents
Page
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Conon Bridge Pharmacy Ltd Company Information for the year ended 30 November 2023
Director
A Horsburgh
Secretary
M Horsburgh
Company Number
SC303485 (Scotland)
Registered Office
12a High Street Conon Bridge Dingwall Ross-Shire IV7 8HA
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Conon Bridge Pharmacy Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
480,650 
- 
Tangible assets
373,196 
238,624 
853,846 
238,624 
Current assets
Inventories
164,502 
121,480 
Debtors
473,756 
407,480 
Cash at bank and in hand
132,720 
150,398 
770,978 
679,358 
Creditors: amounts falling due within one year
(537,391)
(417,048)
Net current assets
233,587 
262,310 
Total assets less current liabilities
1,087,433 
500,934 
Creditors: amounts falling due after more than one year
(870,181)
(263,467)
Provisions for liabilities
Deferred tax
(66,312)
(47,550)
Net assets
150,940 
189,917 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
150,840 
189,817 
Shareholders' funds
150,940 
189,917 
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 29 August 2024 and were signed on its behalf by
A Horsburgh Director Company Registration No. SC303485
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Conon Bridge Pharmacy Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Conon Bridge Pharmacy Ltd is a private company, limited by shares, registered in Scotland, registration number SC303485. The registered office is 12a High Street, Conon Bridge, Dingwall, Ross-Shire, IV7 8HA.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
10% Straight Line
Plant & machinery
10% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
15% and 25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill has been amortised on a straight line basis over the estimated useful life of the asset (5 years).
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Conon Bridge Pharmacy Ltd Notes to the Accounts for the year ended 30 November 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 December 2022
281,854 
Additions
505,947 
At 30 November 2023
787,801 
Amortisation
At 1 December 2022
281,854 
Charge for the year
25,297 
At 30 November 2023
307,151 
Net book value
At 30 November 2023
480,650 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 December 2022
323,612 
Additions
179,577 
Disposals
(14,807)
At 30 November 2023
488,382 
Depreciation
At 1 December 2022
84,988 
Charge for the year
41,471 
On disposals
(11,273)
At 30 November 2023
115,186 
Net book value
At 30 November 2023
373,196 
At 30 November 2022
238,624 
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Conon Bridge Pharmacy Ltd Notes to the Accounts for the year ended 30 November 2023
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
15,026 
19,326 
6
Operating lease commitments
2023 
2022 
£ 
£ 
At 30 November 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
- 
2,800 
Later than one year and not later than five years
44,917 
60,717 
Later than five years
143,500 
- 
188,417 
63,517 
7
Loans to directors
Included in other debtors is a loan to the director A Horsburgh and his spouse of £21,992 (2022- £68,988). The loan has no fixed terms of repayment, is unsecured and attracts interest at the statutory rate.
8
Average number of employees
During the year the average number of employees was 22 (2022: 16).
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