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
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
Medicure Pharmacy Limited
Statement of financial position
as at 31 March 2024
Intangible assets
89,743
91,940
Tangible assets
126,895
197,729
Cash at bank and in hand
24,781
66,015
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
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
Medicure Pharmacy Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 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.
Medicure Pharmacy Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
Other
Total
At 1 April 2023
48,000
54,925
102,925
At 31 March 2024
48,000
54,925
102,925
At 1 April 2023
-
10,985
10,985
Charge for the year
-
2,197
2,197
At 31 March 2024
-
13,182
13,182
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
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
At 31 March 2024
8,791
118,104
-
126,895
At 31 March 2023
12,088
157,716
27,925
197,729
Finished goods
29,569
19,569
Amounts falling due within one year
Trade debtors
62,377
66,386
Amounts falling due after more than one year
Amounts due from group undertakings etc.
311,260
312,200
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
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
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).