IRIS Accounts Production v24.3.2.46 04876849 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048768492023-08-31048768492024-08-31048768492023-09-012024-08-31048768492022-08-31048768492022-09-012023-08-31048768492023-08-3104876849ns15:EnglandWales2023-09-012024-08-3104876849ns14:PoundSterling2023-09-012024-08-3104876849ns10:Director12023-09-012024-08-3104876849ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3104876849ns10:SmallEntities2023-09-012024-08-3104876849ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3104876849ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3104876849ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3104876849ns10:FullAccounts2023-09-012024-08-310487684912023-09-012024-08-3104876849ns5:CurrentFinancialInstruments2024-08-3104876849ns5:CurrentFinancialInstruments2023-08-3104876849ns5:Non-currentFinancialInstruments2024-08-3104876849ns5:Non-currentFinancialInstruments2023-08-3104876849ns5:ShareCapital2024-08-3104876849ns5:ShareCapital2023-08-3104876849ns5:RetainedEarningsAccumulatedLosses2024-08-3104876849ns10:RegisteredOffice2023-09-012024-08-3104876849ns5:NetGoodwill2023-09-012024-08-3104876849ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3104876849ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-09-012024-08-3104876849ns5:LandBuildings2023-09-012024-08-3104876849ns5:PlantMachinery2023-09-012024-08-3104876849ns5:NetGoodwill2023-08-3104876849ns5:IntangibleAssetsOtherThanGoodwill2023-08-3104876849ns5:NetGoodwill2024-08-3104876849ns5:IntangibleAssetsOtherThanGoodwill2024-08-3104876849ns5:NetGoodwill2023-08-3104876849ns5:IntangibleAssetsOtherThanGoodwill2023-08-3104876849ns5:LandBuildings2023-08-3104876849ns5:PlantMachinery2023-08-3104876849ns5:LandBuildings2024-08-3104876849ns5:PlantMachinery2024-08-3104876849ns5:LandBuildings2023-08-3104876849ns5:PlantMachinery2023-08-3104876849ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3104876849ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 04876849 (England and Wales)















Financial Statements For The Year Ended 31 August 2024

for

PRIMARY CARE CHEMISTS LIMITED

PRIMARY CARE CHEMISTS LIMITED (REGISTERED NUMBER: 04876849)






Contents of the Financial Statements
For The Year Ended 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


PRIMARY CARE CHEMISTS LIMITED (REGISTERED NUMBER: 04876849)

Balance Sheet
31 August 2024

31/8/24 31/8/23
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,555,353 1,257,109
Tangible assets 5 982,164 375,693
Investment property 6 322,512 -
2,860,029 1,632,802

CURRENT ASSETS
Stocks 273,750 261,370
Debtors 7 383,902 340,192
Cash at bank and in hand 284,103 338,577
941,755 940,139
CREDITORS
Amounts falling due within one year 8 1,117,105 891,175
NET CURRENT (LIABILITIES)/ASSETS (175,350 ) 48,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,684,679

1,681,766

CREDITORS
Amounts falling due after more than one year 9 (2,162,544 ) (1,129,891 )

PROVISIONS FOR LIABILITIES (66,571 ) (68,961 )
NET ASSETS 455,564 482,914

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 455,464 482,814
SHAREHOLDERS' FUNDS 455,564 482,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

PRIMARY CARE CHEMISTS LIMITED (REGISTERED NUMBER: 04876849)

Balance Sheet - continued
31 August 2024


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 17 January 2025 and were signed on its behalf by:





U N Amin - Director


PRIMARY CARE CHEMISTS LIMITED (REGISTERED NUMBER: 04876849)

Notes to the Financial Statements
For The Year Ended 31 August 2024

1. STATUTORY INFORMATION

Primary Care Chemists Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04876849

Registered office: 492A Merton Road
Southfields
London
SW18 5AE

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill which was acquired on the purchase of businesses over the years is being amortised evenly over its estimated useful life.

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.

Development costs are being amortised evenly over their estimated useful life of two years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - the period of the licence
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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


PRIMARY CARE CHEMISTS LIMITED (REGISTERED NUMBER: 04876849)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 16 ) .

PRIMARY CARE CHEMISTS LIMITED (REGISTERED NUMBER: 04876849)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 September 2023 2,696,145 - 2,696,145
Additions 437,925 8,500 446,425
At 31 August 2024 3,134,070 8,500 3,142,570
AMORTISATION
At 1 September 2023 1,439,036 - 1,439,036
Charge for year 143,931 4,250 148,181
At 31 August 2024 1,582,967 4,250 1,587,217
NET BOOK VALUE
At 31 August 2024 1,551,103 4,250 1,555,353
At 31 August 2023 1,257,109 - 1,257,109

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 135,143 639,148 774,291
Additions 690,377 28,173 718,550
At 31 August 2024 825,520 667,321 1,492,841
DEPRECIATION
At 1 September 2023 90,828 307,770 398,598
Charge for year 22,191 89,888 112,079
At 31 August 2024 113,019 397,658 510,677
NET BOOK VALUE
At 31 August 2024 712,501 269,663 982,164
At 31 August 2023 44,315 331,378 375,693

PRIMARY CARE CHEMISTS LIMITED (REGISTERED NUMBER: 04876849)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 322,512
At 31 August 2024 322,512
NET BOOK VALUE
At 31 August 2024 322,512

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
as restated
£    £   
Trade debtors 285,230 275,548
Other debtors 98,672 64,644
383,902 340,192

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
as restated
£    £   
Trade creditors 530,651 409,235
Taxation and social security 85,288 41,759
Other creditors 501,166 440,181
1,117,105 891,175

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/24 31/8/23
as restated
£    £   
Other creditors 2,162,544 1,129,891