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REGISTERED NUMBER: 00991280 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Ian Mcardle Limited

Ian Mcardle Limited (Registered number: 00991280)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ian Mcardle Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr. Navdeep Chahal
Mr. Dalwinder Chahal





REGISTERED OFFICE: 371 High Street
West Bromwich
B70 9QL





REGISTERED NUMBER: 00991280 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

Ian Mcardle Limited (Registered number: 00991280)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 39,239 42,679

CURRENT ASSETS
Stocks 30,000 79,336
Debtors 5 294,020 304,549
Cash at bank and in hand 63,760 89,078
387,780 472,963
CREDITORS
Amounts falling due within one year 6 (277,904 ) (395,150 )
NET CURRENT ASSETS 109,876 77,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,115

120,492

PROVISIONS FOR LIABILITIES (9,810 ) (8,199 )
NET ASSETS 139,305 112,293

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 139,215 112,203
SHAREHOLDERS' FUNDS 139,305 112,293

Ian Mcardle Limited (Registered number: 00991280)

Balance Sheet - continued
30 April 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:





Mr. Navdeep Chahal - Director


Ian Mcardle Limited (Registered number: 00991280)

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


1. STATUTORY INFORMATION

Ian Mcardle 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.

Preparation of consolidated financial statements
The financial statements contain information about Ian Mcardle Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

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 etc - 25% on cost, 15% on reducing balance and 10% on cost

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 Profit and Loss Account, 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.


Ian Mcardle Limited (Registered number: 00991280)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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 11 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 231,943
Additions 1,896
At 30 April 2024 233,839
DEPRECIATION
At 1 May 2023 189,264
Charge for year 5,336
At 30 April 2024 194,600
NET BOOK VALUE
At 30 April 2024 39,239
At 30 April 2023 42,679

Ian Mcardle Limited (Registered number: 00991280)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 64,501 (48,984 )
Other debtors 229,519 353,533
294,020 304,549

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 151,319 124,449
Taxation and social security 15,475 22,698
Other creditors 111,110 248,003
277,904 395,150

7. RELATED PARTY DISCLOSURES

Included in other debtors are the balances due from the companies mentioned below as at 30 April 2024:

- O'connor Pharmacies Limited - £56,044 (2023 - £23,828 Credit Balance)
- Pillpharm Limited - £10,005 (2023 - NIL)
- Pure Relief Limited - £3,600 (2023 - £3,600)
- TCP Pharma Limited - £36,661 (2023 - £324,226)
- West Brom Lyng Limited - £360 (2023 - NIL)

The all above loans are interest free and repayable on demand.

Mr Navdeep Chahal and Mr Dalwinder Chahal are the directors of above companies as at 30 April 2024.

8. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Carters Green Clinic and Business Centre Limited by virtue of their ownership of 100% of the issued share capital in the company.