Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07075592 Mr Anilkumar Chauhan Mr Yasar Hussain iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07075592 2023-12-31 07075592 2024-12-31 07075592 2024-01-01 2024-12-31 07075592 frs-core:CurrentFinancialInstruments 2024-12-31 07075592 frs-core:Non-currentFinancialInstruments 2024-12-31 07075592 frs-core:FurnitureFittings 2024-12-31 07075592 frs-core:FurnitureFittings 2024-01-01 2024-12-31 07075592 frs-core:FurnitureFittings 2023-12-31 07075592 frs-core:NetGoodwill 2024-12-31 07075592 frs-core:NetGoodwill 2024-01-01 2024-12-31 07075592 frs-core:NetGoodwill 2023-12-31 07075592 frs-core:MotorVehicles 2024-12-31 07075592 frs-core:MotorVehicles 2024-01-01 2024-12-31 07075592 frs-core:MotorVehicles 2023-12-31 07075592 frs-core:PlantMachinery 2024-12-31 07075592 frs-core:PlantMachinery 2024-01-01 2024-12-31 07075592 frs-core:PlantMachinery 2023-12-31 07075592 frs-core:ShareCapital 2024-12-31 07075592 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07075592 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07075592 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07075592 frs-bus:SmallEntities 2024-01-01 2024-12-31 07075592 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07075592 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07075592 frs-bus:Director1 2024-01-01 2024-12-31 07075592 frs-bus:Director2 2024-01-01 2024-12-31 07075592 frs-countries:EnglandWales 2024-01-01 2024-12-31 07075592 2022-12-31 07075592 2023-12-31 07075592 2023-01-01 2023-12-31 07075592 frs-core:CurrentFinancialInstruments 2023-12-31 07075592 frs-core:Non-currentFinancialInstruments 2023-12-31 07075592 frs-core:ShareCapital 2023-12-31 07075592 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07075592
MX Pharmacy Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07075592
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 361,250 403,750
Tangible Assets 5 25,796 34,695
387,046 438,445
CURRENT ASSETS
Stocks 6 47,149 53,045
Debtors 7 329,039 298,192
Cash at bank and in hand 199,684 166,859
575,872 518,096
Creditors: Amounts Falling Due Within One Year 8 (408,038 ) (272,695 )
NET CURRENT ASSETS (LIABILITIES) 167,834 245,401
TOTAL ASSETS LESS CURRENT LIABILITIES 554,880 683,846
Creditors: Amounts Falling Due After More Than One Year 9 (15,197 ) (46,822 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,054 ) (7,663 )
NET ASSETS 533,629 629,361
CAPITAL AND RESERVES
Called up share capital 10 108 108
Profit and Loss Account 533,521 629,253
SHAREHOLDERS' FUNDS 533,629 629,361
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Page 2
For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Anilkumar Chauhan
Director
17 April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
MX Pharmacy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07075592 . The registered office is 51-53 Longridge Road, Preston, Lancashire, PR2 6RE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. 
Prescription income is received two months in arrears but appropriate accounting adjustments are madeto account for it on an accruals basis. Wholesale sales are recognised on despatch of goods. Retail sales are recognised on the basis of daily takings.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 30% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 30% on reducing balance
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.6. 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 statement of financial position date.
2.7. Pensions
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. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 14)
13 14
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 425,000
As at 31 December 2024 425,000
Amortisation
As at 1 January 2024 21,250
Provided during the period 42,500
As at 31 December 2024 63,750
Net Book Value
As at 31 December 2024 361,250
As at 1 January 2024 403,750
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 39,434 24,828 129,741 194,003
Additions 2,220 - 288 2,508
Disposals - (10,700 ) - (10,700 )
As at 31 December 2024 41,654 14,128 130,029 185,811
Depreciation
As at 1 January 2024 25,993 19,319 113,996 159,308
Provided during the period 4,308 1,159 4,738 10,205
Disposals - (9,498 ) - (9,498 )
As at 31 December 2024 30,301 10,980 118,734 160,015
Net Book Value
As at 31 December 2024 11,353 3,148 11,295 25,796
As at 1 January 2024 13,441 5,509 15,745 34,695
6. Stocks
2024 2023
£ £
Finished goods 47,149 53,045
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 292,781 272,116
Other debtors 36,258 26,076
329,039 298,192
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 238,787 178,459
Bank loans and overdrafts 38,654 38,877
Other creditors 94,549 404
Taxation and social security 36,048 54,955
408,038 272,695
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,197 46,822
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 108 108
11. Related Party Transactions
During the year the company made pension contributions of £122,200 (2023 - £80,000) for the benefit of the directors.
Mrs I Hussain, wife of Mr Y Hussain earned a salary of £12,570 in the year ended 31 December 2024 (2023 -£12,570).
The directors through their respective pension schemes acquired the premises which the company operates from. Rents are charged at market rates.
12. LEASING AGREEMENTS
At 31 December 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £1,538 (2023: £17,973).
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