Acorah Software Products - Accounts Production 16.3.350 false true true 30 September 2023 14 September 2022 false 1 October 2023 30 September 2024 30 September 2024 14356769 Mr Amritpal Bhamra Mrs Sukhbir Bhamra iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14356769 2023-09-30 14356769 2024-09-30 14356769 2023-10-01 2024-09-30 14356769 frs-core:CurrentFinancialInstruments 2024-09-30 14356769 frs-core:Non-currentFinancialInstruments 2024-09-30 14356769 frs-core:ComputerEquipment 2024-09-30 14356769 frs-core:ComputerEquipment 2023-10-01 2024-09-30 14356769 frs-core:ComputerEquipment 2023-09-30 14356769 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 14356769 frs-core:MotorVehicles 2024-09-30 14356769 frs-core:MotorVehicles 2023-10-01 2024-09-30 14356769 frs-core:MotorVehicles 2023-09-30 14356769 frs-core:OtherResidualIntangibleAssets 2024-09-30 14356769 frs-core:OtherResidualIntangibleAssets 2023-10-01 2024-09-30 14356769 frs-core:OtherResidualIntangibleAssets 2023-09-30 14356769 frs-core:PlantMachinery 2024-09-30 14356769 frs-core:PlantMachinery 2023-10-01 2024-09-30 14356769 frs-core:PlantMachinery 2023-09-30 14356769 frs-core:ShareCapital 2024-09-30 14356769 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 14356769 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14356769 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 14356769 frs-bus:SmallEntities 2023-10-01 2024-09-30 14356769 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 14356769 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 14356769 frs-bus:Director1 2023-10-01 2024-09-30 14356769 frs-bus:Director2 2023-10-01 2024-09-30 14356769 frs-countries:EnglandWales 2023-10-01 2024-09-30 14356769 2022-09-13 14356769 2023-09-30 14356769 2022-09-14 2023-09-30 14356769 frs-core:CurrentFinancialInstruments 2023-09-30 14356769 frs-core:Non-currentFinancialInstruments 2023-09-30 14356769 frs-core:ShareCapital 2023-09-30 14356769 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 14356769
Drugs2U Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14356769
30 September 2024 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 236 343
Tangible Assets 5 24,325 1,344
24,561 1,687
CURRENT ASSETS
Stocks 6 29,850 200
Debtors 7 35,816 8,143
Cash at bank and in hand 23,302 18,621
88,968 26,964
Creditors: Amounts Falling Due Within One Year 8 (79,743 ) (17,779 )
NET CURRENT ASSETS (LIABILITIES) 9,225 9,185
TOTAL ASSETS LESS CURRENT LIABILITIES 33,786 10,872
Creditors: Amounts Falling Due After More Than One Year 9 (43,806 ) (43,806 )
NET LIABILITIES (10,020 ) (32,934 )
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account (10,220 ) (33,134 )
SHAREHOLDERS' FUNDS (10,020) (32,934)
Page 1
Page 2
For the year ending 30 September 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 Amritpal Bhamra
Director
12/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Drugs2U Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14356769 . The registered office is Unit 11, Evans Business Centre, Brunel Road, Leominster, HR6 0LX.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over their estimated economic life of 4 years.
2.5. 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 20% Straight Line
Motor Vehicles 15% Reducing Balance
Computer Equipment 25% Straight Line
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 October 2023 429
As at 30 September 2024 429
Amortisation
As at 1 October 2023 86
Provided during the period 107
As at 30 September 2024 193
Net Book Value
As at 30 September 2024 236
As at 1 October 2023 343
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 990 - 530 1,520
Additions - 23,383 875 24,258
As at 30 September 2024 990 23,383 1,405 25,778
Depreciation
As at 1 October 2023 74 - 102 176
Provided during the period 198 834 245 1,277
As at 30 September 2024 272 834 347 1,453
Net Book Value
As at 30 September 2024 718 22,549 1,058 24,325
As at 1 October 2023 916 - 428 1,344
6. Stocks
30 September 2024 30 September 2023
£ £
Stock 29,850 200
Page 4
Page 5
7. Debtors
30 September 2024 30 September 2023
£ £
Due within one year
Prepayments and accrued income 5,092 4,255
Other debtors 20,400 2,066
VAT 10,324 1,822
35,816 8,143
8. Creditors: Amounts Falling Due Within One Year
30 September 2024 30 September 2023
£ £
Trade creditors 20,142 387
Other creditors 7,626 -
Directors' loan accounts 51,975 17,392
79,743 17,779
9. Creditors: Amounts Falling Due After More Than One Year
30 September 2024 30 September 2023
£ £
Other loans 43,806 43,806
10. Share Capital
30 September 2024 30 September 2023
£ £
Allotted, Called up and fully paid 200 200
Page 5