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REGISTERED NUMBER: 05570984 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31st August 2024

for

Kapoor Pharmacy Services Ltd

Kapoor Pharmacy Services Ltd (Registered number: 05570984)

Contents of the Financial Statements
for the Year Ended 31st August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kapoor Pharmacy Services Ltd

Company Information
for the Year Ended 31st August 2024







Directors: M Kapoor
A Kapoor





Registered office: 521 Wilbraham Road
Manchester
M21 0UF





Registered number: 05570984 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

Kapoor Pharmacy Services Ltd (Registered number: 05570984)

Balance Sheet
31st August 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 404,130 314,847
404,130 314,847

Current assets
Stocks 104,523 102,270
Debtors 6 501,171 361,408
Cash at bank and in hand 329,826 620,097
935,520 1,083,775
Creditors
Amounts falling due within one year 7 487,388 336,099
Net current assets 448,132 747,676
Total assets less current liabilities 852,262 1,062,523

Capital and reserves
Called up share capital 8 200 200
Retained earnings 852,062 1,062,323
Shareholders' funds 852,262 1,062,523

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

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

Kapoor Pharmacy Services Ltd (Registered number: 05570984)

Balance Sheet - continued
31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th January 2025 and were signed on its behalf by:




M Kapoor - Director



A Kapoor - Director


Kapoor Pharmacy Services Ltd (Registered number: 05570984)

Notes to the Financial Statements
for the Year Ended 31st August 2024


1. Statutory information

Kapoor Pharmacy Services Ltd 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.

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, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

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.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on cost
Equipment - 20% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Kapoor Pharmacy Services Ltd (Registered number: 05570984)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024


2. Accounting policies - continued
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 36 (2023 - 31 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st September 2023
and 31st August 2024 1,797,668
Amortisation
At 1st September 2023
and 31st August 2024 1,797,668
Net book value
At 31st August 2024 -
At 31st August 2023 -

Kapoor Pharmacy Services Ltd (Registered number: 05570984)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024


5. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
Cost
At 1st September 2023 200,000 221,314 69,979 12,439 503,732
Additions 3,500 153,091 - 942 157,533
At 31st August 2024 203,500 374,405 69,979 13,381 661,265
Depreciation
At 1st September 2023 10,000 158,297 13,996 6,592 188,885
Charge for year 9,675 43,222 13,996 1,357 68,250
At 31st August 2024 19,675 201,519 27,992 7,949 257,135
Net book value
At 31st August 2024 183,825 172,886 41,987 5,432 404,130
At 31st August 2023 190,000 63,017 55,983 5,847 314,847

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 281,699 213,167
Other debtors 108,191 108,191
Directors' current accounts 21,308 -
VAT 89,973 40,050
501,171 361,408

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 1,972 571
Trade creditors 455,879 298,461
Tax (50 ) (50 )
Social security and other taxes 24,402 30,024
Other creditors 185 504
Directors' current accounts - 1,739
Accrued expenses 5,000 4,850
487,388 336,099

Kapoor Pharmacy Services Ltd (Registered number: 05570984)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
50 Ordinary B £1 50 50
50 Ordinary C £1 50 50
200 200