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REGISTERED NUMBER: 02910903 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Lunts Pharmacies Limited

Lunts Pharmacies Limited (Registered number: 02910903)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lunts Pharmacies Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R S Nagra
Mrs A Nagra





REGISTERED OFFICE: 30 Great Bridge
Tipton
West Midlands
DY4 7EW





REGISTERED NUMBER: 02910903 (England and Wales)





ACCOUNTANTS: Aggarwal & Co
Chartered Certified Accountants
471 Green Lane
Coventry
West Midlands
CV3 6EL

Lunts Pharmacies Limited (Registered number: 02910903)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,044 12,088
Tangible assets 5 24,945 32,135
30,989 44,223

CURRENT ASSETS
Stocks 185,645 171,197
Debtors 6 810,955 853,402
Cash at bank and in hand 316,225 303,483
1,312,825 1,328,082
CREDITORS
Amounts falling due within one year 7 471,478 475,619
NET CURRENT ASSETS 841,347 852,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

872,336

896,686

CREDITORS
Amounts falling due after more than one
year

8

(35,736

)

(41,692

)

PROVISIONS FOR LIABILITIES (6,236 ) (8,034 )
NET ASSETS 830,364 846,960

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 9 825,364 841,960
830,364 846,960

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

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

Lunts Pharmacies Limited (Registered number: 02910903)

Balance Sheet - continued
31 May 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 4 February 2025 and were signed on its behalf by:





R S Nagra - Director


Lunts Pharmacies Limited (Registered number: 02910903)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Lunts Pharmacies Limited 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 are carried at cost less accumulated amortisation and impairment losses.

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.
Fixtures, fittings & equipment - 25% on reducing balance
Motor vehicles - 25% 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 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.


Lunts Pharmacies Limited (Registered number: 02910903)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

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 22 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 204,900
AMORTISATION
At 1 June 2023 192,812
Charge for year 6,044
At 31 May 2024 198,856
NET BOOK VALUE
At 31 May 2024 6,044
At 31 May 2023 12,088

Lunts Pharmacies Limited (Registered number: 02910903)

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

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 June 2023 253,788 3,048 256,836
Additions 1,125 - 1,125
At 31 May 2024 254,913 3,048 257,961
DEPRECIATION
At 1 June 2023 222,574 2,127 224,701
Charge for year 8,085 230 8,315
At 31 May 2024 230,659 2,357 233,016
NET BOOK VALUE
At 31 May 2024 24,254 691 24,945
At 31 May 2023 31,214 921 32,135

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 274,423 285,393
Amounts owed by group undertakings 473,429 507,610
Other debtors 63,103 60,399
810,955 853,402

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 437,552 401,706
Taxation and social security 29,792 69,800
Other creditors 4,134 4,113
471,478 475,619

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 35,736 41,692

Lunts Pharmacies Limited (Registered number: 02910903)

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

9. RESERVES
Retained
earnings
£   

At 1 June 2023 841,960
Profit for the year 208,404
Dividends (225,000 )
At 31 May 2024 825,364

10. RELATED PARTY DISCLOSURES

The Company is wholly owned subsidiary of MSN Pharm Ltd (Company Registration Number : 08089515), a company registered in UK.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R S Nagra and Mrs A Nagra..