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Registered number: 11824371
Apothecare Group Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
A S J Financial Accounting Services Ltd
Chartered Management Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11824371
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,239,480 44,369
Investments 5 540,202 540,202
1,779,682 584,571
CURRENT ASSETS
Stocks 6 56,810 32,930
Debtors 7 165,641 142,275
Cash at bank and in hand 519,615 330,961
742,066 506,166
Creditors: Amounts Falling Due Within One Year 8 (1,251,801 ) (770,524 )
NET CURRENT ASSETS (LIABILITIES) (509,735 ) (264,358 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,269,947 320,213
Creditors: Amounts Falling Due After More Than One Year 9 (792,252 ) (59,887 )
NET ASSETS 477,695 260,326
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 477,595 260,226
SHAREHOLDERS' FUNDS 477,695 260,326
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ahsan Ali Bhatti
Director
11/09/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Apothecare Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11824371 . The registered office is 320a Stratford Rd, Shirley, Solihull, B90 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
Plant & Machinery 15% Stright Line
Motor Vehicles 25% Stright Line
Computer Equipment 15% Stright Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 8)
16 8
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 - - 59,159 - 59,159
Additions 1,186,827 2,984 26,973 11,044 1,227,828
Disposals - - (18,159 ) - (18,159 )
As at 29 February 2024 1,186,827 2,984 67,973 11,044 1,268,828
Depreciation
As at 1 March 2023 - - 14,790 - 14,790
Provided during the period - 448 16,993 1,657 19,098
Disposals - - (4,540 ) - (4,540 )
As at 29 February 2024 - 448 27,243 1,657 29,348
Net Book Value
As at 29 February 2024 1,186,827 2,536 40,730 9,387 1,239,480
As at 1 March 2023 - - 44,369 - 44,369
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5. Investments
Other
£
Cost
As at 1 March 2023 540,202
As at 29 February 2024 540,202
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 540,202
As at 1 March 2023 540,202
6. Stocks
2024 2023
£ £
Materials 56,810 32,930
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 23,726 21,731
Prepayments and accrued income 910 -
VAT 141,005 119,944
Other taxes and social security - 600
165,641 142,275
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 610,612 479,925
Corporation tax 32,559 51,516
Other taxes and social security 1,568 -
Pension 33 178
Amex credit card 17,935 -
Capitalontap 244 -
Accruals and deferred income 9,250 19,200
Director's loan account 579,600 219,705
1,251,801 770,524
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 21,208 26,500
BBL 22,627 33,387
Lloyds bank loan 748,417 -
792,252 59,887
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 21,208 26,500
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid (80,000 ) -
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