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REGISTERED NUMBER: SC482724 (Scotland)














FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023

FOR

Parkhead Health Centre Pharmacy Limited

Parkhead Health Centre Pharmacy Limited (Registered number: SC482724)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 April 2023 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Parkhead Health Centre Pharmacy Limited

COMPANY INFORMATION
For The Period 1 April 2023 to 31 December 2023







DIRECTORS: G Ali
A Ramzan





REGISTERED OFFICE: Parkhead Health Centre Pharmacy
101 Salamanca Street
Glasgow
G31 5BA





REGISTERED NUMBER: SC482724 (Scotland)





ACCOUNTANTS: Burgoyne Carey
Chartered Accountants
Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA

Parkhead Health Centre Pharmacy Limited (Registered number: SC482724)

BALANCE SHEET
31 December 2023

2023 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,976,375 2,012,750
Tangible assets 5 2,140 4,730
1,978,515 2,017,480

CURRENT ASSETS
Stocks 82,000 82,000
Debtors 6 190,646 244,580
Cash at bank 297,117 158,813
569,763 485,393
CREDITORS
Amounts falling due within one year 7 (1,759,018 ) (1,826,501 )
NET CURRENT LIABILITIES (1,189,255 ) (1,341,108 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

789,260

676,372

PROVISIONS FOR LIABILITIES (292 ) (609 )
NET ASSETS 788,968 675,763

CAPITAL AND RESERVES
Called up share capital 24 24
Capital redemption reserve 76 76
Retained earnings 788,868 675,663
788,968 675,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Parkhead Health Centre Pharmacy Limited (Registered number: SC482724)

BALANCE SHEET - continued
31 December 2023


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 Board of Directors and authorised for issue on 23 July 2024 and were signed on its behalf by:





G Ali - Director


Parkhead Health Centre Pharmacy Limited (Registered number: SC482724)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 April 2023 to 31 December 2023

1. STATUTORY INFORMATION

Parkhead Health Centre Pharmacy Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

TURNOVER
Turnover represents amounts invoiced during the year net, exclusive of Value Added Tax.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of fifty 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.
Plant and machinery etc - 10% on cost

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 period 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.

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 period 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.

Parkhead Health Centre Pharmacy Limited (Registered number: SC482724)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 April 2023 to 31 December 2023

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company contributes to the employees' defined contribution pension scheme.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 17 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 December 2023 2,425,000
AMORTISATION
At 1 April 2023 412,250
Charge for period 36,375
At 31 December 2023 448,625
NET BOOK VALUE
At 31 December 2023 1,976,375
At 31 March 2023 2,012,750

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 December 2023 34,573
DEPRECIATION
At 1 April 2023 29,843
Charge for period 2,590
At 31 December 2023 32,433
NET BOOK VALUE
At 31 December 2023 2,140
At 31 March 2023 4,730

Parkhead Health Centre Pharmacy Limited (Registered number: SC482724)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 April 2023 to 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 164,530 217,610
Other debtors 26,116 26,970
190,646 244,580

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade creditors 226,944 229,191
Amounts owed to group undertakings 1,287,248 1,352,427
Amounts owed to associates 100,000 100,000
Taxation and social security 104,590 101,435
Other creditors 40,236 43,448
1,759,018 1,826,501

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is BNC Healthcare Limited.