Company Registration No. 08323223 (England and Wales)
HALLS PHARMACY ( NORTH EAST ) LIMITED
Unaudited accounts
for the year ended 31 March 2024
HALLS PHARMACY ( NORTH EAST ) LIMITED
Unaudited accounts
Contents
HALLS PHARMACY ( NORTH EAST ) LIMITED
Company Information
for the year ended 31 March 2024
Directors
Ayaz Akram
Abdur Razzak
Company Number
08323223 (England and Wales)
Registered Office
6 KENSINGTON AVENUE
GOSFORTH
NEWCASTLE UPON TYNE
NE3 2HP
Accountants
Caldwell House Consulting
44 Caldwell Road
Birmingham
West Midlands
B9 5TQ
HALLS PHARMACY ( NORTH EAST ) LIMITED
Statement of financial position
as at 31 March 2024
Intangible assets
337,048
374,498
Tangible assets
260,279
17,326
Investments
1,149,092
1,149,092
Cash at bank and in hand
66,473
48,596
Creditors: amounts falling due within one year
(112,758)
(133,459)
Net current assets/(liabilities)
254,362
(1,297)
Total assets less current liabilities
2,000,781
1,539,619
Creditors: amounts falling due after more than one year
(1,658,884)
(1,088,542)
Provisions for liabilities
Net assets
340,907
449,869
Called up share capital
200
200
Profit and loss account
340,707
449,669
Shareholders' funds
340,907
449,869
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 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 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 of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by
Ayaz Akram
Director
Company Registration No. 08323223
HALLS PHARMACY ( NORTH EAST ) LIMITED
Notes to the Accounts
for the year ended 31 March 2024
HALLS PHARMACY ( NORTH EAST ) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08323223. The registered office is 6 KENSINGTON AVENUE, GOSFORTH, NEWCASTLE UPON TYNE, NE3 2HP.
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 comprises the invoiced value of goods and pharmacy services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% reducing balance basis
Fixtures & fittings
18% reducing balance basis
Intangible fixed assets (including purchased goodwill) is amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill
Charge for the year
37,450
HALLS PHARMACY ( NORTH EAST ) LIMITED
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
-
13,028
75,831
88,859
Additions
246,072
-
-
246,072
At 31 March 2024
246,072
13,028
75,831
334,931
At 1 April 2023
-
6,540
64,993
71,533
Charge for the year
-
1,168
1,951
3,119
At 31 March 2024
-
7,708
66,944
74,652
At 31 March 2024
246,072
5,320
8,887
260,279
At 31 March 2023
-
6,488
10,838
17,326
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Investments
Subsidiary undertakings
Valuation at 1 April 2023
1,149,092
Valuation at 31 March 2024
1,149,092
Amounts falling due within one year
Trade debtors
10,106
37,604
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
100,231
115,153
Taxes and social security
11,285
16,148
Loans from directors
1,242
2,158
9
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,376,438
811,596
Amounts owed to group undertakings and other participating interests
262,446
276,946
HALLS PHARMACY ( NORTH EAST ) LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
100 Ordinary shares - Class B of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 12 (2023: 11).