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Company Registration No. 10838794 (England and Wales)
OLD FARMACY BRUTON LTD Unaudited accounts for the year ended 30 June 2024
OLD FARMACY BRUTON LTD Unaudited accounts Contents
Page
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OLD FARMACY BRUTON LTD Company Information for the year ended 30 June 2024
Director
Merlin Timothy Osip LABRON-JOHNSON
Company Number
10838794 (England and Wales)
Registered Office
35 HIgh Street Bruton Somerset BA10 0AH United Kingdom
Accountants
Addition Financial Limited The Office Group 1 Lyric Square Hammersmith London W6 0NB
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OLD FARMACY BRUTON LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,624 
13,031 
Current assets
Inventories
2,050 
4,146 
Debtors
189,057 
188,731 
Cash at bank and in hand
10,009 
10,284 
201,116 
203,161 
Creditors: amounts falling due within one year
(89,315)
(77,043)
Net current assets
111,801 
126,118 
Total assets less current liabilities
118,425 
139,149 
Creditors: amounts falling due after more than one year
(20,538)
(53,667)
Net assets
97,887 
85,482 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
97,886 
85,481 
Shareholders' funds
97,887 
85,482 
For the year ending 30 June 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 March 2025 and were signed on its behalf by
Merlin Timothy Osip LABRON-JOHNSON Director Company Registration No. 10838794
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OLD FARMACY BRUTON LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
OLD FARMACY BRUTON LTD is a private company, limited by shares, registered in England and Wales, registration number 10838794. The registered office is 35 HIgh Street, Bruton, Somerset, BA10 0AH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
4
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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OLD FARMACY BRUTON LTD Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
25,632 
At 30 June 2024
25,632 
Depreciation
At 1 July 2023
12,601 
Charge for the year
6,407 
At 30 June 2024
19,008 
Net book value
At 30 June 2024
6,624 
At 30 June 2023
13,031 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,251 
18,778 
Accrued income and prepayments
- 
823 
Other debtors
4,276 
- 
6,527 
19,601 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
182,530 
169,130 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,803 
18,001 
Trade creditors
53,970 
26,246 
Taxes and social security
6,239 
- 
Other creditors
19,985 
764 
Loans from directors
318 
400 
Accruals
- 
31,632 
89,315 
77,043 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,538 
53,667 
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OLD FARMACY BRUTON LTD Notes to the Accounts for the year ended 30 June 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Merlin Timothy Osip LABRON-JOHNSON
Director's Loan Account
400 
- 
- 
400 
400 
- 
- 
400 
9
Average number of employees
During the year the average number of employees was 13 (2023: 12).
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