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REGISTERED NUMBER: 03458365 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Ashworth Pharmacy Limited

Ashworth Pharmacy Limited (Registered number: 03458365)

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


Ashworth Pharmacy Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr Pranav Gupta
Mrs Krupali Gupta





REGISTERED OFFICE: 211a Queens Road
Smethwick
Warley
West Midlands
B67 6NX





REGISTERED NUMBER: 03458365 (England and Wales)





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

Ashworth Pharmacy Limited (Registered number: 03458365)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,331 6,004

CURRENT ASSETS
Stocks 57,963 84,834
Debtors 5 339,547 348,378
Cash at bank and in hand 91,031 84,382
488,541 517,594
CREDITORS
Amounts falling due within one year 6 (146,210 ) (235,728 )
NET CURRENT ASSETS 342,331 281,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

351,662

287,870

PROVISIONS FOR LIABILITIES (1,773 ) (1,141 )
NET ASSETS 349,889 286,729

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 349,789 286,629
SHAREHOLDERS' FUNDS 349,889 286,729

Ashworth Pharmacy Limited (Registered number: 03458365)

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 directors acknowledge their 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 Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:





Mr Pranav Gupta - Director


Ashworth Pharmacy Limited (Registered number: 03458365)

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


1. STATUTORY INFORMATION

Ashworth 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.

Related party exemption
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.

Turnover
Turnover comprises sale of goods as made by the company net of value added tax and trade discount.

Tangible fixed assets
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- 10% on reducing balance
Computer Equipment- 25% on reducing balance

Stocks
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.

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.


Ashworth Pharmacy Limited (Registered number: 03458365)

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.

Pension costs and other post-retirement benefits
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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 85,318
Additions 3,951
At 30 November 2024 89,269
DEPRECIATION
At 1 December 2023 79,314
Charge for year 624
At 30 November 2024 79,938
NET BOOK VALUE
At 30 November 2024 9,331
At 30 November 2023 6,004

Ashworth Pharmacy Limited (Registered number: 03458365)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 143,269 154,501
Other debtors 196,278 193,877
339,547 348,378

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 101,890 147,293
Taxation and social security 31,286 87,433
Other creditors 13,034 1,002
146,210 235,728

7. RELATED PARTY DISCLOSURES

Included in other debtors are the balances due from the companies mentioned below as at 30 November 2024:

- PKG Properties (UK) Limited - £178,802 (2023 - £178,802)

The all above loans are interest free and repayable on demand.

Mr Pranav Kumar Gupta and Mrs Krupali Gupta are the directors of above mentioned companies as at 30 November 2024.

8. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling parties are the directors by virtue of their ownership of 100% of the share capital in the company.