Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 09472900 Mr Amjid Malik Khan Mrs Mandeep Kaur Purewal Mr Imran Skhawat Mr Amjid Malik Khan, Mr Imran Skhawat and Mrs Mandeep Kaur Purewal true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09472900 2023-06-30 09472900 2024-06-30 09472900 2023-07-01 2024-06-30 09472900 frs-core:CurrentFinancialInstruments 2024-06-30 09472900 frs-core:Non-currentFinancialInstruments 2024-06-30 09472900 frs-core:BetweenOneFiveYears 2024-06-30 09472900 frs-core:ComputerEquipment 2024-06-30 09472900 frs-core:ComputerEquipment 2023-07-01 2024-06-30 09472900 frs-core:ComputerEquipment 2023-06-30 09472900 frs-core:FurnitureFittings 2024-06-30 09472900 frs-core:FurnitureFittings 2023-07-01 2024-06-30 09472900 frs-core:FurnitureFittings 2023-06-30 09472900 frs-core:NetGoodwill 2024-06-30 09472900 frs-core:NetGoodwill 2023-07-01 2024-06-30 09472900 frs-core:NetGoodwill 2023-06-30 09472900 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 09472900 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 09472900 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 09472900 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 09472900 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09472900 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 09472900 frs-core:PlantMachinery 2024-06-30 09472900 frs-core:PlantMachinery 2023-07-01 2024-06-30 09472900 frs-core:PlantMachinery 2023-06-30 09472900 frs-core:WithinOneYear 2024-06-30 09472900 frs-core:ShareCapital 2024-06-30 09472900 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 09472900 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09472900 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 09472900 frs-bus:SmallEntities 2023-07-01 2024-06-30 09472900 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09472900 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 09472900 1 2023-07-01 2024-06-30 09472900 frs-bus:Director1 2023-07-01 2024-06-30 09472900 frs-bus:Director2 2023-07-01 2024-06-30 09472900 frs-bus:Director3 2023-07-01 2024-06-30 09472900 frs-countries:EnglandWales 2023-07-01 2024-06-30 09472900 2022-06-30 09472900 2023-06-30 09472900 2022-07-01 2023-06-30 09472900 frs-core:CurrentFinancialInstruments 2023-06-30 09472900 frs-core:Non-currentFinancialInstruments 2023-06-30 09472900 frs-core:BetweenOneFiveYears 2023-06-30 09472900 frs-core:WithinOneYear 2023-06-30 09472900 frs-core:ShareCapital 2023-06-30 09472900 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 09472900
Pharma Box Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
AWR Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09472900
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 390,308 -
Tangible Assets 5 214,624 210,277
604,932 210,277
CURRENT ASSETS
Stocks 6 67,852 58,326
Debtors 7 222,683 319,452
Cash at bank and in hand 83,811 92,865
374,346 470,643
Creditors: Amounts Falling Due Within One Year 8 (343,849 ) (416,479 )
NET CURRENT ASSETS (LIABILITIES) 30,497 54,164
TOTAL ASSETS LESS CURRENT LIABILITIES 635,429 264,441
Creditors: Amounts Falling Due After More Than One Year 9 (608,875 ) (232,593 )
NET ASSETS 26,554 31,848
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 26,454 31,748
SHAREHOLDERS' FUNDS 26,554 31,848
Page 1
Page 2
For the year ending 30 June 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 Imran Skhawat
Director
07/02/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pharma Box Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09472900 . The registered office is Oak Wood Pharmacy 14 Church Street, Mansfield Woodhouse, Nottingham, England, NG19 8AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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 2% Straight Line
Leasehold fully depreciated
Plant & Machinery 25% Straight Line
Fixtures & Fittings 15% Straight Line
Computer Equipment 25% Straight Line
2.5. 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.
2.6. 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 years 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.
...CONTINUED
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2.6. Taxation - continued
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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 21)
22 21
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 -
Additions 433,676
As at 30 June 2024 433,676
Amortisation
As at 1 July 2023 -
Provided during the period 43,368
As at 30 June 2024 43,368
Net Book Value
As at 30 June 2024 390,308
As at 1 July 2023 -
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Fixtures & Fittings
£ £ £ £
Cost
As at 1 July 2023 203,388 - 385 44,622
Additions - 46 17,900 1
As at 30 June 2024 203,388 46 18,285 44,623
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 July 2023 22,033 - 345 18,780
Provided during the period 4,068 46 4,515 4,087
As at 30 June 2024 26,101 46 4,860 22,867
Net Book Value
As at 30 June 2024 177,287 - 13,425 21,756
As at 1 July 2023 181,355 - 40 25,842
Computer Equipment Total
£ £
Cost
As at 1 July 2023 6,793 255,188
Additions - 17,947
As at 30 June 2024 6,793 273,135
Depreciation
As at 1 July 2023 3,753 44,911
Provided during the period 884 13,600
As at 30 June 2024 4,637 58,511
Net Book Value
As at 30 June 2024 2,156 214,624
As at 1 July 2023 3,040 210,277
6. Stocks
2024 2023
£ £
Stock 67,852 58,326
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 175,074 161,840
Prepayments and accrued income 1,992 1,009
Other debtors - 109,944
VAT 45,617 46,659
222,683 319,452
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 254,144 222,231
Bank loans and overdrafts 23,332 -
Corporation tax 19,980 50,733
Other taxes and social security 7,090 7,040
Net wages 902 -
Other creditors 4,383 -
Accruals and deferred income 578 4,640
Amounts owed to group undertakings 33,440 131,835
343,849 416,479
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 608,875 232,593
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Financial Instruments
Included in the balance sheet are financial commitments of £186,375.43 Llodys Bank secured by floating charge on the Freehold Property.
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 7,708 7,708
Later than one year and not later than five years 15,415 12,204
23,123 19,912
Lloyds Bank loan secured by floating charge on the Freehold Property.
13. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is AIM Healthcare Ltd , incorporated in (England).
The ultimate controlling party is Mr Amjid Malik Khan, Mr Imran Skhawat and Mrs Mandeep Kaur Purewal .
Page 6