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REGISTERED NUMBER: 05649477 (England and Wales)















PHARMACY MATTERS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JANUARY 2024






PHARMACY MATTERS LTD (REGISTERED NUMBER: 05649477)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHARMACY MATTERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JANUARY 2024







DIRECTORS: Mr S J Fec
Mrs J L Fec





REGISTERED OFFICE: Garth House
High Street
Talgarth
LD3 0PF





REGISTERED NUMBER: 05649477 (England and Wales)





ACCOUNTANTS: Davies Williams Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

PHARMACY MATTERS LTD (REGISTERED NUMBER: 05649477)

BALANCE SHEET
30TH JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 117,226 92,498
117,226 92,498

CURRENT ASSETS
Stocks 41,562 41,325
Debtors 6 102,572 130,240
Cash at bank and in hand 157,390 145,955
301,524 317,520
CREDITORS
Amounts falling due within one year 7 117,422 113,390
NET CURRENT ASSETS 184,102 204,130
TOTAL ASSETS LESS CURRENT LIABILITIES 301,328 296,628

CREDITORS
Amounts falling due after more than one year 8 (7,840 ) (30,308 )

PROVISIONS FOR LIABILITIES (5,237 ) -
NET ASSETS 288,251 266,320

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 288,151 266,220
SHAREHOLDERS' FUNDS 288,251 266,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th January 2024 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.

PHARMACY MATTERS LTD (REGISTERED NUMBER: 05649477)

BALANCE SHEET - continued
30TH JANUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st October 2024 and were signed on its behalf by:




Mr S J Fec - Director



Mrs J L Fec - Director


PHARMACY MATTERS LTD (REGISTERED NUMBER: 05649477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JANUARY 2024


1. STATUTORY INFORMATION

Pharmacy Matters Ltd is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Freehold property - 2% straight line on cost
Fixtures and fittings - 25% straight line on cost
Motor vehicles - 25% on reducing balance

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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

PHARMACY MATTERS LTD (REGISTERED NUMBER: 05649477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JANUARY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31st January 2023
and 30th January 2024 100,000
AMORTISATION
At 31st January 2023
and 30th January 2024 100,000
NET BOOK VALUE
At 30th January 2024 -
At 30th January 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 31st January 2023 117,757 77,607 - 195,364
Additions - 4,140 24,670 28,810
Disposals - (10,528 ) - (10,528 )
At 30th January 2024 117,757 71,219 24,670 213,646
DEPRECIATION
At 31st January 2023 26,775 76,091 - 102,866
Charge for year 1,555 2,270 257 4,082
Eliminated on disposal - (10,528 ) - (10,528 )
At 30th January 2024 28,330 67,833 257 96,420
NET BOOK VALUE
At 30th January 2024 89,427 3,386 24,413 117,226
At 30th January 2023 90,982 1,516 - 92,498

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 950 -
Other debtors 101,622 130,240
102,572 130,240

PHARMACY MATTERS LTD (REGISTERED NUMBER: 05649477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,000 4,300
Trade creditors 100,271 100,448
Taxation and social security 5,962 1,386
Other creditors 7,189 7,256
117,422 113,390

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,840 11,367
Taxation and social security - 18,941
7,840 30,308