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Company Registration No. 08673860 (England and Wales)
GOOD HEALTH PHARMACIES LTD Unaudited accounts for the year ended 31 May 2024
GOOD HEALTH PHARMACIES LTD Unaudited accounts Contents
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GOOD HEALTH PHARMACIES LTD Company Information for the year ended 31 May 2024
Director
Niket Nilesh Patel
Company Number
08673860 (England and Wales)
Registered Office
112 WEST GREEN ROAD LONDON N15 5AA
Accountants
BPACL Accountancy Services Limited 83 Cowley Hill Borehamwood Hertfordshire WD6 5NA
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GOOD HEALTH PHARMACIES LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,468 
20,205 
Current assets
Inventories
31,210 
40,690 
Debtors
763,120 
334,822 
Cash at bank and in hand
157,709 
242,475 
952,039 
617,987 
Creditors: amounts falling due within one year
(257,427)
(173,455)
Net current assets
694,612 
444,532 
Total assets less current liabilities
712,080 
464,737 
Provisions for liabilities
Deferred tax
(4,367)
(5,051)
Net assets
707,713 
459,686 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
707,712 
459,685 
Shareholders' funds
707,713 
459,686 
For the year ending 31 May 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 February 2025 and were signed on its behalf by
Niket Nilesh Patel Director Company Registration No. 08673860
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GOOD HEALTH PHARMACIES LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
GOOD HEALTH PHARMACIES LTD is a private company, limited by shares, registered in England and Wales, registration number 08673860. The registered office is 112 WEST GREEN ROAD, LONDON, N15 5AA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance Method
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
58,094 
Additions
1,630 
At 31 May 2024
59,724 
Depreciation
At 1 June 2023
37,889 
Charge for the year
4,367 
At 31 May 2024
42,256 
Net book value
At 31 May 2024
17,468 
At 31 May 2023
20,205 
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GOOD HEALTH PHARMACIES LTD Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
10,833 
16,574 
Trade debtors
146,670 
106,910 
Amounts due from group undertakings etc.
604,286 
210,000 
Accrued income and prepayments
1,331 
1,338 
763,120 
334,822 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
20,745 
30,778 
Trade creditors
86,247 
111,725 
Taxes and social security
83,751 
26,781 
Loans from directors
66,084 
3,708 
Accruals
600 
463 
257,427 
173,455 
7
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 May 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
85,000 
85,000 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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