Acorah Software Products - Accounts Production 16.3.350 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 07255859 Mrs H Harania Mr V R Harania iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07255859 2023-08-31 07255859 2024-08-31 07255859 2023-09-01 2024-08-31 07255859 frs-core:CurrentFinancialInstruments 2024-08-31 07255859 frs-core:FurnitureFittings 2024-08-31 07255859 frs-core:FurnitureFittings 2023-09-01 2024-08-31 07255859 frs-core:FurnitureFittings 2023-08-31 07255859 frs-core:NetGoodwill 2024-08-31 07255859 frs-core:NetGoodwill 2023-09-01 2024-08-31 07255859 frs-core:NetGoodwill 2023-08-31 07255859 frs-core:MoreThanFiveYears 2024-08-31 07255859 frs-core:ShareCapital 2024-08-31 07255859 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 07255859 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07255859 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 07255859 frs-bus:SmallEntities 2023-09-01 2024-08-31 07255859 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07255859 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07255859 frs-core:CostValuation 2023-08-31 07255859 frs-core:CostValuation 2024-08-31 07255859 frs-core:ProvisionsForImpairmentInvestments 2023-08-31 07255859 frs-core:ProvisionsForImpairmentInvestments 2024-08-31 07255859 frs-bus:Director1 2023-09-01 2024-08-31 07255859 frs-bus:Director2 2023-09-01 2024-08-31 07255859 frs-core:CurrentFinancialInstruments 1 2024-08-31 07255859 frs-countries:EnglandWales 2023-09-01 2024-08-31 07255859 2022-08-31 07255859 2023-08-31 07255859 2022-09-01 2023-08-31 07255859 frs-core:CurrentFinancialInstruments 2023-08-31 07255859 frs-core:MoreThanFiveYears 2023-08-31 07255859 frs-core:ShareCapital 2023-08-31 07255859 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 07255859 frs-core:CurrentFinancialInstruments 1 2023-08-31
Registered number: 07255859
Mango Pharmacy Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Affinity Associates (Flemmings) Limited
Accountants and Statutory Auditors
76 Canterbury Road
Croydon
Surrey
CR0 3HA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07255859
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,964 25,928
Tangible Assets 5 8,940 9,910
Investments 6 214,380 214,380
236,284 250,218
CURRENT ASSETS
Stocks 53,671 47,764
Debtors 7 502,487 485,789
Cash at bank and in hand 1,114,116 583,041
1,670,274 1,116,594
Creditors: Amounts Falling Due Within One Year 8 (798,845 ) (456,224 )
NET CURRENT ASSETS (LIABILITIES) 871,429 660,370
TOTAL ASSETS LESS CURRENT LIABILITIES 1,107,713 910,588
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,883 ) (2,626 )
NET ASSETS 1,104,830 907,962
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 1,104,730 907,862
SHAREHOLDERS' FUNDS 1,104,830 907,962
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Page 2
For the year ending 31 August 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 V R Harania
Director
20 May 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mango Pharmacy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07255859 . The registered office is 3 The Parade, High Street, Cowley, Uxbridge, Middlesex, UB8 2EP.
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.
The financial statements are presented in Pound Sterling, which is the functional currency of the company.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 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:
Fixtures & Fittings 15% Straight line method
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. 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.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 8)
7 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 170,955
As at 31 August 2024 170,955
Amortisation
As at 1 September 2023 145,027
Provided during the period 12,964
As at 31 August 2024 157,991
Net Book Value
As at 31 August 2024 12,964
As at 1 September 2023 25,928
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5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 September 2023 53,712
Additions 1,575
As at 31 August 2024 55,287
Depreciation
As at 1 September 2023 43,802
Provided during the period 2,545
As at 31 August 2024 46,347
Net Book Value
As at 31 August 2024 8,940
As at 1 September 2023 9,910
6. Investments
Subsidiaries Associates Total
£ £ £
Cost
As at 1 September 2023 120,000 94,380 214,380
As at 31 August 2024 120,000 94,380 214,380
Provision
As at 1 September 2023 - - -
As at 31 August 2024 - - -
Net Book Value
As at 31 August 2024 120,000 94,380 214,380
As at 1 September 2023 120,000 94,380 214,380
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 107,898 105,490
Prepayments and accrued income 20,352 6,793
Other debtors 360,000 360,600
VAT 14,237 12,906
502,487 485,789
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 140,005 147,595
Corporation tax 66,031 31,325
Other taxes and social security - 67
Net wages - 278
Other creditors 70,000 70,000
Pension contributions unpaid 820 777
Accruals and deferred income 7,354 1,817
Directors' loan accounts 514,635 204,365
798,845 456,224
9. Other Commitments
The total amount of financial commitments not included in the balance sheet is
2024 2023
£ £
Later than five years 252,667 276,733
252,667 276,733
This relates to the outstanding commitments for the future minimum lease payments under a non-cancellable
operating leases for the property which the company trades from.
10. Related Party Transactions
Other transactions with directors
Mr V R Harania and Mrs H Harania
(Directors and shareholders)
There is a lease between the landlord and Mr V R Harania for the premises where the company trades from. On 11 March 2020, Mango Pharmacy Limited agreed to pay sums equal to the rents reserved in the lease which is currently £24,000 per annum.
At the balance sheet date the amount due to Mr V R Harania and Mrs H Harania was £514,634 (2023 - £204,095)
Summary of transactions with all associates
Mango Morriston Limited
49.99% associate undertaking
At the balance sheet date, the amount owed to Mango Morriston Limited was £70,000 (2023 - £70,000). The loan is interest free and with no repayment terms agreed. Mr V R Harania is a director of Mango Morriston Limited.
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