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REGISTERED NUMBER: 04989886 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Pharma Pack Limited

Pharma Pack Limited (Registered number: 04989886)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pharma Pack Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs M Owen
Mr A R Owen
Mr R Owen





REGISTERED OFFICE: Unit 10a Conwy Morfa Enterprise Park
Parc Caer Seion
Conwy
LL32 8FA





REGISTERED NUMBER: 04989886 (England and Wales)





ACCOUNTANTS: J V Banks
Chartered Accountants
Banks House
Paradise Street
Rhyl
Denbighshire
LL18 3LW

Pharma Pack Limited (Registered number: 04989886)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,659 2,954
Tangible assets 5 1,615,204 1,628,548
1,617,863 1,631,502

CURRENT ASSETS
Stocks 33,180 35,000
Debtors 6 2,477,482 1,723,447
Cash at bank - 835,201
2,510,662 2,593,648
CREDITORS
Amounts falling due within one year 7 701,396 925,004
NET CURRENT ASSETS 1,809,266 1,668,644
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,427,129

3,300,146

PROVISIONS FOR LIABILITIES 67,426 58,159
NET ASSETS 3,359,703 3,241,987

CAPITAL AND RESERVES
Called up share capital 50,040 50,040
Share premium 200 200
Retained earnings 3,309,463 3,191,747
3,359,703 3,241,987

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

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

Pharma Pack Limited (Registered number: 04989886)

Balance Sheet - continued
31 March 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 27 March 2025 and were signed on its behalf by:





Mr R Owen - Director


Pharma Pack Limited (Registered number: 04989886)

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

1. STATUTORY INFORMATION

Pharma Pack 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 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.

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.

Pharma Pack Limited (Registered number: 04989886)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 2,954
AMORTISATION
Charge for year 295
At 31 March 2024 295
NET BOOK VALUE
At 31 March 2024 2,659
At 31 March 2023 2,954

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 1,355,042 422,669 101,589
Additions 3,504 8,897 23,441
Disposals - - -
At 31 March 2024 1,358,546 431,566 125,030
DEPRECIATION
At 1 April 2023 - 272,625 41,130
Charge for year - 23,842 12,585
Eliminated on disposal - - -
At 31 March 2024 - 296,467 53,715
NET BOOK VALUE
At 31 March 2024 1,358,546 135,099 71,315
At 31 March 2023 1,355,042 150,044 60,459

Pharma Pack Limited (Registered number: 04989886)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 138,683 21,985 2,039,968
Additions 5,490 4,518 45,850
Disposals (10,475 ) - (10,475 )
At 31 March 2024 133,698 26,503 2,075,343
DEPRECIATION
At 1 April 2023 79,555 18,110 411,420
Charge for year 20,669 2,098 59,194
Eliminated on disposal (10,475 ) - (10,475 )
At 31 March 2024 89,749 20,208 460,139
NET BOOK VALUE
At 31 March 2024 43,949 6,295 1,615,204
At 31 March 2023 59,128 3,875 1,628,548

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 237,684 560,355
Amounts owed by group undertakings 2,212,505 1,154,372
Other debtors 27,293 8,720
2,477,482 1,723,447

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 17,584 -
Trade creditors 35,852 100,813
Amounts owed to group undertakings 542,604 587,667
Taxation and social security 44,003 103,559
Other creditors 61,353 132,965
701,396 925,004

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R Owen.