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REGISTERED NUMBER: 03115332 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Village Street Pharmacy Limited

Village Street Pharmacy Limited (Registered number: 03115332)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Village Street Pharmacy Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mr Bindhu Satwinder Kumar





REGISTERED OFFICE: Office 1
21 Hatherton Street
Walsall
WS4 2LA





REGISTERED NUMBER: 03115332 (England and Wales)





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

Village Street Pharmacy Limited (Registered number: 03115332)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 32,813 36,964
32,814 36,965

CURRENT ASSETS
Stocks 44,295 46,757
Debtors 6 526,003 404,061
Cash at bank and in hand 147,333 178,465
717,631 629,283
CREDITORS
Amounts falling due within one year 7 (284,195 ) (282,355 )
NET CURRENT ASSETS 433,436 346,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

466,250

383,893

CREDITORS
Amounts falling due after more than
one year

8

(5,155

)

(18,007

)

PROVISIONS FOR LIABILITIES (3,766 ) (3,276 )
NET ASSETS 457,329 362,610

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 457,229 362,510
SHAREHOLDERS' FUNDS 457,329 362,610

Village Street Pharmacy Limited (Registered number: 03115332)

Balance Sheet - continued
30 November 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 June 2025 and were signed by:





Mr Bindhu Satwinder Kumar - Director


Village Street Pharmacy Limited (Registered number: 03115332)

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


1. STATUTORY INFORMATION

Village Street Pharmacy 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1996, has been written off evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property- 10% on reducing balance
Fixtures and fittings- 15% on reducing balance
Office equipment- 15% on reducing balance
Motor Vehicle- 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and estimated selling price, 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 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 balance sheet date.


Village Street Pharmacy Limited (Registered number: 03115332)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 6,000
AMORTISATION
At 1 December 2023
and 30 November 2024 5,999
NET BOOK VALUE
At 30 November 2024 1
At 30 November 2023 1

Village Street Pharmacy Limited (Registered number: 03115332)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 194,021
Additions 520
At 30 November 2024 194,541
DEPRECIATION
At 1 December 2023 157,057
Charge for year 4,671
At 30 November 2024 161,728
NET BOOK VALUE
At 30 November 2024 32,813
At 30 November 2023 36,964

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 128,005 133,207
Amounts owed by group undertakings 351,191 247,178
Other debtors 46,807 23,676
526,003 404,061

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 13,014 12,720
Trade creditors 187,310 192,528
Taxation and social security 56,394 55,390
Other creditors 27,477 21,717
284,195 282,355

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans 5,155 18,007

Village Street Pharmacy Limited (Registered number: 03115332)

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


9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Burton Cliff Healthcare Limited by virtue of its majority shareholding of the issued ordinary share capital.