Company Registration No. 06553314 (England and Wales)
LINTON PHARMACY LIMITED
Unaudited accounts
for the year ended 31 March 2024
LINTON PHARMACY LIMITED
Unaudited accounts
Contents
LINTON PHARMACY LIMITED
Company Information
for the year ended 31 March 2024
Directors
Venichand Ranmal Harania
Mohammed Abu Hassan
Amar Kumar Kalia
Company Number
06553314 (England and Wales)
Registered Office
49 HIGH STREET
LINTON
CAMBRIDGE
CB21 4HS
Accountants
BPACL Accountancy Services Limited
83 Cowley Hill
Borehamwood
Hertfordshire
WD6 5NA
LINTON PHARMACY LIMITED
Statement of financial position
as at 31 March 2024
Intangible assets
295,500
330,750
Tangible assets
4,198
5,207
Cash at bank and in hand
314,895
196,761
Creditors: amounts falling due within one year
(195,799)
(170,176)
Net current assets
390,982
264,169
Total assets less current liabilities
690,680
600,126
Provisions for liabilities
Deferred tax
(1,050)
(1,302)
Net assets
689,630
598,824
Called up share capital
100
100
Revaluation reserve
210,000
210,000
Profit and loss account
479,530
388,724
Shareholders' funds
689,630
598,824
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 21 December 2024 and were signed on its behalf by
Amar Kumar Kalia
Director
Company Registration No. 06553314
LINTON PHARMACY LIMITED
Notes to the Accounts
for the year ended 31 March 2024
LINTON PHARMACY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06553314. The registered office is 49 HIGH STREET, LINTON, CAMBRIDGE, CB21 4HS.
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.
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:
Fixtures & fittings
15% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
35,250
Goodwill, being the amount paid in connection with the acquisition of a business in 2008 and 2021, is being amortised evenly over its estimated useful life of twenty years.
LINTON PHARMACY LIMITED
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
99,632
91,845
Amounts due from group undertakings etc.
117,123
103,378
Accrued income and prepayments
1,570
1,500
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
127,499
123,499
Taxes and social security
59,634
45,586
8
Operating lease commitments
2024
2023
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
18,000
18,000
Later than one year and not later than five years
72,000
72,000
Later than five years
126,000
144,000
LINTON PHARMACY LIMITED
Notes to the Accounts
for the year ended 31 March 2024
9
Transactions with related parties
During the year the company paid Management fees of £38,580 (2023:£28,847) to the parent company Linton Village Pharmacy Limited. The company owed £117,123 (2023 :£103,378) from the parent company Linton Village Pharmacy Limited as at 31 March 2024. The company paid Dividend of £45,100 (2023:£53,500) to the parent company Linton Village Pharmacy Limited during the year.
The company is a wholly owned subsidiary of Linton Village Pharmacy Limited, which is the ultimate controlling party.
11
Average number of employees
During the year the average number of employees was 6 (2023: 5).