Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-019falseCommunity Pharmacy10truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07069134 2023-01-01 2023-12-31 07069134 2022-01-01 2022-12-31 07069134 2023-12-31 07069134 2022-12-31 07069134 c:Director2 2023-01-01 2023-12-31 07069134 d:MotorVehicles 2023-01-01 2023-12-31 07069134 d:MotorVehicles 2023-12-31 07069134 d:MotorVehicles 2022-12-31 07069134 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07069134 d:FurnitureFittings 2023-01-01 2023-12-31 07069134 d:FurnitureFittings 2023-12-31 07069134 d:FurnitureFittings 2022-12-31 07069134 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07069134 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07069134 d:Goodwill 2023-01-01 2023-12-31 07069134 d:Goodwill 2023-12-31 07069134 d:Goodwill 2022-12-31 07069134 d:CurrentFinancialInstruments 2023-12-31 07069134 d:CurrentFinancialInstruments 2022-12-31 07069134 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07069134 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07069134 d:ShareCapital 2023-12-31 07069134 d:ShareCapital 2022-12-31 07069134 d:RetainedEarningsAccumulatedLosses 2023-12-31 07069134 d:RetainedEarningsAccumulatedLosses 2022-12-31 07069134 c:FRS102 2023-01-01 2023-12-31 07069134 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07069134 c:FullAccounts 2023-01-01 2023-12-31 07069134 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07069134 6 2023-01-01 2023-12-31 07069134 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07069134










ECCLESHILL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ECCLESHILL LIMITED
REGISTERED NUMBER: 07069134

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
1
1

Tangible assets
 5 
17,793
18,873

Investments
 6 
-
29,540

  
17,794
48,414

Current assets
  

Stocks
  
86,260
65,654

Debtors: amounts falling due within one year
 7 
153,219
133,855

Cash at bank and in hand
  
392,436
434,652

  
631,915
634,161

Creditors: amounts falling due within one year
 8 
(215,277)
(216,487)

Net current assets
  
 
 
416,638
 
 
417,674

Total assets less current liabilities
  
434,432
466,088

Provisions for liabilities
  

Deferred tax
  
(3,048)
(1,612)

  
 
 
(3,048)
 
 
(1,612)

Net assets
  
431,384
464,476


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
431,284
464,376

  
431,384
464,476


Page 1

 
ECCLESHILL LIMITED
REGISTERED NUMBER: 07069134
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 September 2024.




Mrs S C Asghar Hanif
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ECCLESHILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Eccleshill Limited is a private company, limited by share capital, incorporated in England and Wales under registration number 07069134. The registered office of the company is situated at Level 5A, Maple House, 149 Tottenham Court Road, London, W1T 7NF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ECCLESHILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Income statement over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
10
years

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Delivery car
-
25%
reducing balance
Fixtures, fittings and equipments
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 4

 
ECCLESHILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
ECCLESHILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 10).

Page 6

 
ECCLESHILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
698,662



At 31 December 2023

698,662



Amortisation


At 1 January 2023
698,661



At 31 December 2023

698,661



Net book value



At 31 December 2023
1



At 31 December 2022
1



Page 7

 
ECCLESHILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Delivery vehicle
Fixtures, fittings and equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
12,873
52,492
65,365


Additions
-
2,169
2,169



At 31 December 2023

12,873
54,661
67,534



Depreciation


At 1 January 2023
11,940
34,553
46,493


Charge for the year on owned assets
233
3,016
3,249



At 31 December 2023

12,173
37,569
49,742



Net book value



At 31 December 2023
700
17,092
17,792



At 31 December 2022
933
17,940
18,873


6.


Fixed asset investments





Unlisted investments

£





At 1 January 2023
29,540


Disposals
(29,540)



At 31 December 2023
-




Page 8

 
ECCLESHILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022
£
£


Trade debtors
107,671
104,616

Section 458 tax repayable
2,628
2,628

VAT repayable
33,327
17,000

Directors' loan account
7,615
7,787

Prepayments
1,978
1,824

153,219
133,855



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
186,211
190,844

Corporation tax
27,643
23,726

Pension payable
546
434

Other taxation and social security
549
431

Accruals
328
1,052

215,277
216,487



9.


Controlling party

The company was under the control of the directors Mr Y Hanif (50% share) and Mrs S C Asghar Hanif (50% share), by virtue of the fact that between them they own 100% of the issued share capital of the company.

 
Page 9