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Company Registration No. 06270228 (England and Wales)
WISE PHARMACY LTD
Financial Statements
for the Period from 29 March 2023 to 28 March 2024

WISE PHARMACY LTD

Financial Statements for the period ending 28 March 2024

WISE PHARMACY LTD

Financial Statements for the period ending 28 March 2024

Notes to the Accounts

1. Statutory Information
WISE PHARMACY LTD is a private company, limited by shares, registered in England and Wales, registration number 06270228.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at fair value of the consideration received or receivable for goods and services rendered, net of discount and value added tax.

WISE PHARMACY LTD

Financial Statements for the period ending 28 March 2024

Notes to the Accounts

Tangible Fixed Asset Policy
Depreciation has been provided at the following rates to write off assets over their estimated useful lives: Land and Buildings straight line 15 years, Fixtures and Fittings at 25% reducing balance, Computer equipment straight line over 3 years.

WISE PHARMACY LTD

Financial Statements for the period ending 28 March 2024

Notes to the Accounts

Intangible Asset Policy
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its economic life to a maximum of 15years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

WISE PHARMACY LTD

Financial Statements for the period ending 28 March 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 0
2023 0
4. Principal Activity
Retial Pharmacy

WISE PHARMACY LTD

Financial Statements for the period ending 28 March 2024

Notes to the Accounts

5. Intangible Assets
Goodwill Other Total
Cost £ £ £
At 29/03/2023 375,000 - 375,000
Additions - - -
Disposals - - -
Revaluations - - -
At 28/03/2024 375,000 - 375,000
Amortisation
At 29/03/2023 329,167 - 329,167
Charge for the Year 25,000 - 25,000
On Disposals - - -
Other increases/(decreases) - - -
At end of period 354,167 - 354,167
Net book value
At 28/03/2024 20,833 - 20,833
At 28/03/2023 45,833 - 45,833
6. Fixed Assets
Land and buildings Fixtures and Fittings Computer Equipment Total
Cost or valuation £ £ £ £
At 29/03/2023 5,000 215,835 2,175 223,010
Additions - - - -
At 28/03/2024 5,000 215,835 2,175 223,010
Depreciation
At 29/03/2023 4,387 203,711 725 208,823
Charge for the year 333 3,031 725 4,089
At 28/03/2024 4,720 206,742 1,450 212,912
Net Book Value
At 28/03/2024 280 9,093 725 10,098
At 28/03/2023 613 12,124 1,450 14,187