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Company Registration No. 04018200 (England and Wales)
Medicure Pharmacy Limited Filleted accounts for the year ended 31 March 2024
Medicure Pharmacy Limited Filleted accounts Contents
Page
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Medicure Pharmacy Limited Company Information for the year ended 31 March 2024
Director
Yunus Abdul-Rashid Jussab
Company Number
04018200 (England and Wales)
Registered Office
107 Turnbull Drive Leicester LE3 2JW
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Medicure Pharmacy Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
89,743 
91,940 
Tangible assets
126,895 
197,729 
216,638 
289,669 
Current assets
Inventories
29,569 
19,569 
Debtors
379,869 
381,291 
Cash at bank and in hand
24,781 
66,015 
434,219 
466,875 
Creditors: amounts falling due within one year
(232,181)
(201,973)
Net current assets
202,038 
264,902 
Total assets less current liabilities
418,676 
554,571 
Creditors: amounts falling due after more than one year
(269,750)
(309,347)
Provisions for liabilities
Deferred tax
(3,550)
(3,550)
Net assets
145,376 
241,674 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
145,276 
241,574 
Shareholders' funds
145,376 
241,674 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 October 2024 and were signed on its behalf by
Yunus Abdul-Rashid Jussab Director Company Registration No. 04018200
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Medicure Pharmacy Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Medicure Pharmacy Limited is a private company, limited by shares, registered in England and Wales, registration number 04018200. The registered office is 107 Turnbull Drive, Leicester, LE3 2JW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Medicure Pharmacy Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2023
48,000 
54,925 
102,925 
At 31 March 2024
48,000 
54,925 
102,925 
Amortisation
At 1 April 2023
- 
10,985 
10,985 
Charge for the year
- 
2,197 
2,197 
At 31 March 2024
- 
13,182 
13,182 
Net book value
At 31 March 2024
48,000 
41,743 
89,743 
At 31 March 2023
48,000 
43,940 
91,940 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
50,942 
198,060 
111,700 
360,702 
At 31 March 2024
50,942 
198,060 
111,700 
360,702 
Depreciation
At 1 April 2023
38,854 
40,344 
83,775 
162,973 
Charge for the year
3,297 
39,612 
27,925 
70,834 
At 31 March 2024
42,151 
79,956 
111,700 
233,807 
Net book value
At 31 March 2024
8,791 
118,104 
- 
126,895 
At 31 March 2023
12,088 
157,716 
27,925 
197,729 
6
Inventories
2024 
2023 
£ 
£ 
Finished goods
29,569 
19,569 
29,569 
19,569 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,232 
2,705 
Trade debtors
62,377 
66,386 
68,609 
69,091 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
311,260 
312,200 
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Medicure Pharmacy Limited Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
41,708 
46,527 
Obligations under finance leases and hire purchase contracts
40,044 
40,044 
Trade creditors
86,890 
63,119 
Taxes and social security
8,072 
1,220 
Other creditors
53,705 
49,319 
Accruals
1,762 
1,744 
232,181 
201,973 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
163,051 
171,487 
Obligations under finance leases and hire purchase contracts
106,699 
137,860 
269,750 
309,347 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
11
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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