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REGISTERED NUMBER: SC068643 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

R.W.F. Wilson & Co. (Aberdeen) Limited

R.W.F. Wilson & Co. (Aberdeen) Limited (Registered number: SC068643)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.W.F. Wilson & Co. (Aberdeen) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Christian Barry





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC068643 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

R.W.F. Wilson & Co. (Aberdeen) Limited (Registered number: SC068643)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,916,271 2,017,575
Tangible assets 5 29,087 35,730
1,945,358 2,053,305

CURRENT ASSETS
Stock 133,804 136,402
Debtors 6 1,429,805 1,122,235
Cash at bank and in hand 88,174 3,387
1,651,783 1,262,024
CREDITORS
Amounts falling due within one year 7 744,964 577,461
NET CURRENT ASSETS 906,819 684,563
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,852,177

2,737,868

CREDITORS
Amounts falling due after more than one
year

8

(1,600,000

)

(1,600,000

)

PROVISIONS FOR LIABILITIES 9 (7,272 ) (6,789 )
NET ASSETS 1,244,905 1,131,079

R.W.F. Wilson & Co. (Aberdeen) Limited (Registered number: SC068643)

Balance Sheet - continued
30 June 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 3,996 3,996
Retained earnings 1,240,909 1,127,083
SHAREHOLDERS' FUNDS 1,244,905 1,131,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 26 March 2025 and were signed by:





Christian Barry - Director


R.W.F. Wilson & Co. (Aberdeen) Limited (Registered number: SC068643)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

R.W.F. Wilson & Co. (Aberdeen) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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
The goodwill acquired on the acquisition of a new pharmacy during the year will be written off
evenly over its estimated useful economic life of 20 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.
Fittings and equipment - 25% on cost

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

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.

R.W.F. Wilson & Co. (Aberdeen) Limited (Registered number: SC068643)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 2,026,017
AMORTISATION
At 1 July 2023 8,442
Amortisation for year 101,304
At 30 June 2024 109,746
NET BOOK VALUE
At 30 June 2024 1,916,271
At 30 June 2023 2,017,575

R.W.F. Wilson & Co. (Aberdeen) Limited (Registered number: SC068643)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fittings
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 July 2023 57,581 6,700 64,281
Additions - 3,800 3,800
At 30 June 2024 57,581 10,500 68,081
DEPRECIATION
At 1 July 2023 28,365 186 28,551
Charge for year 7,365 3,078 10,443
At 30 June 2024 35,730 3,264 38,994
NET BOOK VALUE
At 30 June 2024 21,851 7,236 29,087
At 30 June 2023 29,216 6,514 35,730

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 492,382 253,610
Amounts owed by group undertakings 879,175 66,638
Other debtors 58,248 801,987
1,429,805 1,122,235

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 598,692 463,729
Taxation and social security 82,484 5,949
Other creditors 63,788 107,783
744,964 577,461

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 1,600,000 1,600,000

R.W.F. Wilson & Co. (Aberdeen) Limited (Registered number: SC068643)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,272 6,789

Deferred
tax
£   
Balance at 1 July 2023 6,789
Provided during year 483
Balance at 30 June 2024 7,272

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,996 Ordinary £1 3,996 3,996

11. CONTINGENT LIABILITIES

The company has provided a standard security over its leased premises and a floating charge in favour of Bank of Scotland in respect of the borrowings of its parent company, EEL Healthcare Ltd.

12. ULTIMATE CONTROLLING PARTY

Until 2 March 2021 the company was controlled by the holders of the share capital of the immediate parent company, Williams and Barry (Group) Ltd. No individual shareholder had a controlling interest. From 2 March 2021 the company is controlled by Mr C J Barry by virtue of his shareholding in the ultimate parent company EEL Healthcare Ltd.