Registered number
08752860
A2Z Pharmacy Limited
Filleted Accounts
31 March 2024
A2Z Pharmacy Limited
Registered number: 08752860
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 77,612 90,198
Tangible assets 4 13,745 16,170
91,357 106,368
Current assets
Stocks 32,750 31,270
Debtors 5 446,401 451,964
Cash at bank and in hand 61,665 60,387
540,816 543,621
Creditors: amounts falling due within one year 6 (149,695) (152,539)
Net current assets 391,121 391,082
Total assets less current liabilities 482,478 497,450
Creditors: amounts falling due after more than one year 7 (266,352) (305,784)
Net assets 216,126 191,666
Capital and reserves
Called up share capital 110 110
Profit and loss account 216,016 191,556
Shareholders' funds 216,126 191,666
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Samir Kishor Gokal
Director
Approved by the board on 29 October 2024
A2Z Pharmacy Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 251,721
At 31 March 2024 251,721
Amortisation
At 1 April 2023 161,523
Provided during the year 12,586
At 31 March 2024 174,109
Net book value
At 31 March 2024 77,612
At 31 March 2023 90,198
Goodwill is being written off in equal annual instalments over its estimated economic life.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 60,266
At 31 March 2024 60,266
Depreciation
At 1 April 2023 44,096
Charge for the year 2,425
At 31 March 2024 46,521
Net book value
At 31 March 2024 13,745
At 31 March 2023 16,170
5 Debtors 2024 2023
£ £
Trade debtors 59,174 60,414
Other debtors 9,000 14,000
Net VAT recoverable 14,227 13,550
Associated company 364,000 364,000
446,401 451,964
Associated company: JKR Pharma Ltd is a company registered in England
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 55,928 48,080
Trade creditors 82,305 83,463
Taxation and social security costs 8,856 8,360
Other creditors 2,606 12,636
149,695 152,539
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 171,352 215,784
Director's Loan account - 95,000 90,000
266,352 305,784
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 227,280 263,864
The bank loan is secured by a charge over the company assets.
9 Other information
A2Z Pharmacy Limited is a private company limited by shares and incorporated in England. Its registered office is:
571 Green Lanes
London
N8 0RL
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