Acorah Software Products - Accounts Production 16.1.300 false true false 21 February 2023 29 February 2024 29 February 2024 SC759623 Mr Mohammed Ameen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC759623 2023-02-20 SC759623 2024-02-29 SC759623 2023-02-21 2024-02-29 SC759623 frs-core:CurrentFinancialInstruments 2024-02-29 SC759623 frs-core:ComputerEquipment 2024-02-29 SC759623 frs-core:ComputerEquipment 2023-02-21 2024-02-29 SC759623 frs-core:ComputerEquipment 2023-02-20 SC759623 frs-core:FurnitureFittings 2024-02-29 SC759623 frs-core:FurnitureFittings 2023-02-21 2024-02-29 SC759623 frs-core:FurnitureFittings 2023-02-20 SC759623 frs-core:NetGoodwill 2024-02-29 SC759623 frs-core:NetGoodwill 2023-02-21 2024-02-29 SC759623 frs-core:NetGoodwill 2023-02-20 SC759623 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-21 2024-02-29 SC759623 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-21 2024-02-29 SC759623 frs-core:MotorVehicles 2024-02-29 SC759623 frs-core:MotorVehicles 2023-02-21 2024-02-29 SC759623 frs-core:MotorVehicles 2023-02-20 SC759623 frs-core:PlantMachinery 2024-02-29 SC759623 frs-core:PlantMachinery 2023-02-21 2024-02-29 SC759623 frs-core:PlantMachinery 2023-02-20 SC759623 frs-core:ShareCapital 2024-02-29 SC759623 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC759623 frs-bus:PrivateLimitedCompanyLtd 2023-02-21 2024-02-29 SC759623 frs-bus:FilletedAccounts 2023-02-21 2024-02-29 SC759623 frs-bus:SmallEntities 2023-02-21 2024-02-29 SC759623 frs-bus:AuditExempt-NoAccountantsReport 2023-02-21 2024-02-29 SC759623 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-21 2024-02-29 SC759623 frs-bus:Director1 2023-02-21 2024-02-29 SC759623 frs-countries:Scotland 2023-02-21 2024-02-29
Registered number: SC759623
CARE PHARMACIES LTD
Financial Statements
For the Period 21 February 2023 to 29 February 2024
Khokhar McAdam Ltd
Chartered Accountants
1 Eagle Street
Glasgow
G4 9XA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC759623
29 February 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 1,020,890
Tangible Assets 5 105,728
1,126,618
CURRENT ASSETS
Stocks 6 22,739
Debtors 7 51,026
Cash at bank and in hand 102,548
176,313
Creditors: Amounts Falling Due Within One Year 8 (1,589,274 )
NET CURRENT ASSETS (LIABILITIES) (1,412,961 )
TOTAL ASSETS LESS CURRENT LIABILITIES (286,343 )
NET LIABILITIES (286,343 )
CAPITAL AND RESERVES
Called up share capital 9 4
Profit and Loss Account (286,347 )
SHAREHOLDERS' FUNDS (286,343)
Page 1
Page 2
For the period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Mohammed Ameen
Director
19 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
CARE PHARMACIES LTD is a private company, limited by shares, incorporated in Scotland, registered number SC759623 . The registered office is 2358 DUMBARTON ROAD, G14 0JX.
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 5 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 0%
Leasehold 0%
Plant & Machinery 20%
Motor Vehicles 20%
Fixtures & Fittings 20%
Computer Equipment 20%
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the period was: 8
8
4. Intangible Assets
Goodwill
£
Cost
As at 21 February 2023 -
Additions 1,276,112
As at 29 February 2024 1,276,112
Amortisation
As at 21 February 2023 -
Provided during the period 255,222
As at 29 February 2024 255,222
Net Book Value
As at 29 February 2024 1,020,890
As at 21 February 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 21 February 2023 - - - - -
Additions 2,267 6,127 106,007 2,231 116,632
As at 29 February 2024 2,267 6,127 106,007 2,231 116,632
Depreciation
As at 21 February 2023 - - - - -
Provided during the period - 1,180 8,757 967 10,904
As at 29 February 2024 - 1,180 8,757 967 10,904
Net Book Value
As at 29 February 2024 2,267 4,947 97,250 1,264 105,728
As at 21 February 2023 - - - - -
6. Stocks
29 February 2024
£
Stock 22,739
Page 4
Page 5
7. Debtors
29 February 2024
£
Due within one year
Other debtors 51,026
8. Creditors: Amounts Falling Due Within One Year
29 February 2024
£
Trade creditors 124,866
Other creditors 1,455,337
Taxation and social security 9,071
1,589,274
9. Share Capital
29 February 2024
£
Allotted, Called up and fully paid 4
Page 5