Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 07542506 Mr Sajid Razaq Mr Khizer Qureshi Mr Shakeel Bashir Mr Asad Ali true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07542506 2023-02-28 07542506 2024-02-28 07542506 2023-03-01 2024-02-28 07542506 frs-core:CurrentFinancialInstruments 2024-02-28 07542506 frs-core:Non-currentFinancialInstruments 2024-02-28 07542506 frs-core:BetweenOneFiveYears 2024-02-28 07542506 frs-core:ComputerEquipment 2023-03-01 2024-02-28 07542506 frs-core:FurnitureFittings 2024-02-28 07542506 frs-core:FurnitureFittings 2023-03-01 2024-02-28 07542506 frs-core:FurnitureFittings 2023-02-28 07542506 frs-core:NetGoodwill 2024-02-28 07542506 frs-core:NetGoodwill 2023-03-01 2024-02-28 07542506 frs-core:NetGoodwill 2023-02-28 07542506 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 07542506 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 07542506 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 07542506 frs-core:MotorVehicles 2024-02-28 07542506 frs-core:MotorVehicles 2023-03-01 2024-02-28 07542506 frs-core:MotorVehicles 2023-02-28 07542506 frs-core:PlantMachinery 2024-02-28 07542506 frs-core:PlantMachinery 2023-03-01 2024-02-28 07542506 frs-core:PlantMachinery 2023-02-28 07542506 frs-core:WithinOneYear 2024-02-28 07542506 frs-core:ShareCapital 2024-02-28 07542506 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 07542506 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 07542506 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 07542506 frs-bus:SmallEntities 2023-03-01 2024-02-28 07542506 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 07542506 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 07542506 1 2023-03-01 2024-02-28 07542506 frs-core:UnlistedNon-exchangeTraded 2024-02-28 07542506 frs-core:UnlistedNon-exchangeTraded 2023-02-28 07542506 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 07542506 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-28 07542506 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-28 07542506 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 07542506 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-28 07542506 frs-bus:Director1 2023-03-01 2024-02-28 07542506 frs-bus:Director2 2023-03-01 2024-02-28 07542506 frs-bus:Director3 2023-03-01 2024-02-28 07542506 frs-bus:Director4 2023-03-01 2024-02-28 07542506 frs-countries:EnglandWales 2023-03-01 2024-02-28 07542506 2022-02-28 07542506 2023-02-28 07542506 2022-03-01 2023-02-28 07542506 frs-core:CurrentFinancialInstruments 2023-02-28 07542506 frs-core:Non-currentFinancialInstruments 2023-02-28 07542506 frs-core:BetweenOneFiveYears 2023-02-28 07542506 frs-core:WithinOneYear 2023-02-28 07542506 frs-core:ShareCapital 2023-02-28 07542506 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07542506
Dispensing Healthcare Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07542506
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 410,536 439,010
Investments 6 3,121,043 2,822,841
3,531,579 3,261,851
CURRENT ASSETS
Stocks 7 92,353 95,302
Debtors 8 420,189 446,313
Cash at bank and in hand 431,455 292,258
943,997 833,873
Creditors: Amounts Falling Due Within One Year 9 (536,951 ) (399,374 )
NET CURRENT ASSETS (LIABILITIES) 407,046 434,499
TOTAL ASSETS LESS CURRENT LIABILITIES 3,938,625 3,696,350
Creditors: Amounts Falling Due After More Than One Year 10 (2,335,162 ) (2,223,217 )
NET ASSETS 1,603,463 1,473,133
CAPITAL AND RESERVES
Called up share capital 12 29,005 29,005
Profit and Loss Account 1,574,458 1,444,128
SHAREHOLDERS' FUNDS 1,603,463 1,473,133
Page 1
Page 2
For the year ending 28 February 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 directors acknowledge their 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 Sajid Razaq
Director
26/11/2024
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
Dispensing Healthcare Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07542506 . The registered office is 210B Wellgate, Rotherham, S60 2PD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 20%
Motor Vehicles 20%
Fixtures & Fittings 20%
Computer Equipment 20%
2.5. 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.
2.6. 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.
2.7. 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 year 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 asset reflects 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 37 (2023: 37)
37 37
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 275,266
As at 28 February 2024 275,266
Amortisation
As at 1 March 2023 275,266
As at 28 February 2024 275,266
Net Book Value
As at 28 February 2024 -
As at 1 March 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 March 2023 296,645 34,328 187,650 66,965 585,588
As at 28 February 2024 296,645 34,328 187,650 66,965 585,588
Depreciation
As at 1 March 2023 - 20,585 74,534 51,459 146,578
Provided during the period - 2,749 22,623 3,102 28,474
As at 28 February 2024 - 23,334 97,157 54,561 175,052
Net Book Value
As at 28 February 2024 296,645 10,994 90,493 12,404 410,536
As at 1 March 2023 296,645 13,743 113,116 15,506 439,010
6. Investments
Unlisted
£
Cost
As at 1 March 2023 2,822,841
Additions 298,202
As at 28 February 2024 3,121,043
Provision
As at 1 March 2023 -
As at 28 February 2024 -
...CONTINUED
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Page 5
Net Book Value
As at 28 February 2024 3,121,043
As at 1 March 2023 2,822,841
7. Stocks
2024 2023
£ £
Finished goods 92,353 95,302
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 417,377 441,283
VAT 2,812 5,030
420,189 446,313
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 19,744 19,744
Trade creditors 335,649 250,276
Bank loans and overdrafts 50,198 50,198
Corporation tax 22,434 33,297
Other taxes and social security 53,108 -
Net wages 1,904 -
Other creditors 12,914 4,859
Accruals and deferred income 1,000 1,000
Directors' loan accounts 40,000 40,000
536,951 399,374
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 96,740 125,159
Bank loans 1,600,882 1,493,374
Directors loan account 637,540 604,684
2,335,162 2,223,217
The directors have agreed to not seek repayment of the loan account within the next twelve months from the date of signing this Financial Statements.
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11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 19,744 19,744
Later than one year and not later than five years 96,740 125,159
116,484 144,903
116,484 144,903
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 29,005 29,005
13. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 82,800 75,600
14. Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
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