IRIS Accounts Production v24.3.0.553 06352715 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh063527152022-12-31063527152023-12-31063527152023-01-012023-12-31063527152021-12-31063527152022-01-012022-12-31063527152022-12-3106352715ns15:EnglandWales2023-01-012023-12-3106352715ns14:PoundSterling2023-01-012023-12-3106352715ns10:Director12023-01-012023-12-3106352715ns10:Director22023-01-012023-12-3106352715ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106352715ns10:SmallEntities2023-01-012023-12-3106352715ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106352715ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106352715ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106352715ns10:FullAccounts2023-01-012023-12-310635271512023-01-012023-12-3106352715ns10:RegisteredOffice2023-01-012023-12-3106352715ns5:CurrentFinancialInstruments2023-12-3106352715ns5:CurrentFinancialInstruments2022-12-3106352715ns5:Non-currentFinancialInstruments2023-12-3106352715ns5:Non-currentFinancialInstruments2022-12-3106352715ns5:ShareCapital2023-12-3106352715ns5:ShareCapital2022-12-3106352715ns5:RetainedEarningsAccumulatedLosses2023-12-3106352715ns5:RetainedEarningsAccumulatedLosses2022-12-3106352715ns5:NetGoodwill2023-01-012023-12-3106352715ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3106352715ns5:FurnitureFittings2023-01-012023-12-3106352715ns5:ComputerEquipment2023-01-012023-12-3106352715ns5:NetGoodwill2022-12-3106352715ns5:NetGoodwill2023-12-3106352715ns5:NetGoodwill2022-12-3106352715ns5:FurnitureFittings2022-12-3106352715ns5:ComputerEquipment2022-12-3106352715ns5:FurnitureFittings2023-12-3106352715ns5:ComputerEquipment2023-12-3106352715ns5:FurnitureFittings2022-12-3106352715ns5:ComputerEquipment2022-12-3106352715ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3106352715ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-31
REGISTERED NUMBER: 06352715 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Shivas Pharmacy Limited

Shivas Pharmacy Limited (Registered number: 06352715)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shivas Pharmacy Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J V Patel
Mrs D Patel





REGISTERED OFFICE: 105a Albemarle Road
Beckenham
Kent
BR3 5HS





REGISTERED NUMBER: 06352715 (England and Wales)





ACCOUNTANTS: PHS Accountants Ltd
105a Albemarle Road
Beckenham
Kent
BR3 5HS

Shivas Pharmacy Limited (Registered number: 06352715)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 230,000 287,500
Tangible assets 6 10,863 16,932
240,863 304,432

CURRENT ASSETS
Stocks 81,434 78,619
Debtors 7 542,889 511,266
Cash at bank and in hand 89,107 225,964
713,430 815,849
CREDITORS
Amounts falling due within one year 8 492,402 425,825
NET CURRENT ASSETS 221,028 390,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

461,891

694,456

CREDITORS
Amounts falling due after more than one
year

9

19,167

29,167
NET ASSETS 442,724 665,289

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 442,722 665,287
SHAREHOLDERS' FUNDS 442,724 665,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Shivas Pharmacy Limited (Registered number: 06352715)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:




J V Patel - Director



Mrs D Patel - Director


Shivas Pharmacy Limited (Registered number: 06352715)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Shivas Pharmacy Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Income is recognised during the year when the company provides goods and services.

Goodwill
Goodwill arises upon the acquisition of established trading business in 2008. Goodwill is calculated as the difference between the value of the consideration paid and the fair value of the net asset acquired. It is amortised from the date of acquisition through the profit and loss over the directors estimate of its useful economic life of twenty years. This estimate of its useful life is subject to regular impairment reviews and these have not resulted in any material change of amortisation charges over the year.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

Shivas Pharmacy Limited (Registered number: 06352715)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 1,150,000
AMORTISATION
At 1 January 2023 862,500
Charge for year 57,500
At 31 December 2023 920,000
NET BOOK VALUE
At 31 December 2023 230,000
At 31 December 2022 287,500

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 424,947 15,122 440,069
DEPRECIATION
At 1 January 2023 410,463 12,674 423,137
Charge for year 3,621 2,448 6,069
At 31 December 2023 414,084 15,122 429,206
NET BOOK VALUE
At 31 December 2023 10,863 - 10,863
At 31 December 2022 14,484 2,448 16,932

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 101,004 93,668
Other debtors 441,885 417,598
542,889 511,266

Shivas Pharmacy Limited (Registered number: 06352715)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 102,131 178,578
Taxation and social security 40,657 9,439
Other creditors 339,614 227,808
492,402 425,825

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 19,167 29,167