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Registered number: 06548650
Bradpharm Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Proud Goulbourn
Office 16, Hamilton Davies House
117c Liverpool Road
Cadishead
Manchester
M44 5BG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06548650
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 376,250 483,750
Tangible Assets 5 153,456 163,368
529,706 647,118
CURRENT ASSETS
Stocks 6 77,920 74,977
Debtors 7 232,342 189,716
Cash at bank and in hand 16,967 184,425
327,229 449,118
Creditors: Amounts Falling Due Within One Year 8 (640,001 ) (692,030 )
NET CURRENT ASSETS (LIABILITIES) (312,772 ) (242,912 )
TOTAL ASSETS LESS CURRENT LIABILITIES 216,934 404,206
Creditors: Amounts Falling Due After More Than One Year 9 (200,000 ) (250,000 )
NET ASSETS 16,934 154,206
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 16,932 154,204
SHAREHOLDERS' FUNDS 16,934 154,206
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 P Buckley
Director
20/06/2025
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
Bradpharm Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06548650 . The registered office is Bradshaw Street Pharmacy Bradshaw Street, Orrell, Wigan, WN5 0AB.
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. Turnover
The turnover shown in the profit and loss account  represents amounts receivable from the PCT for dispensary services and over the counter cash sales from the chemist shop operated by the company.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is initially recorded at cost
It is amortised to Profit and Loss Account over its estimated economic life of 20 years.
2.4. 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:
Freehold 2% Straight Line
Leasehold 15% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 15% Straight Line
Computer Equipment 25% Straight Line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date with the recoverable amount being estimated where such indicators exist.When the carrying value exceeds the recoverable amount the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.5. Stocks and Work in Progress
Stocks are valued at cost using the latest cost price held by the professional stocktakers'. Obsolete stock is not included.
2.6. Financial Instruments
A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price.
2.7. 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.
...CONTINUED
Page 3
Page 4
2.7. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss acount over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 19)
15 19
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 2,150,000
As at 30 September 2024 2,150,000
Amortisation
As at 1 October 2023 1,666,250
Provided during the period 107,500
As at 30 September 2024 1,773,750
Net Book Value
As at 30 September 2024 376,250
As at 1 October 2023 483,750
5. Tangible Assets
Land & Property
Freehold Leasehold Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 October 2023 172,276 1,295 7,248 225,134
Disposals - - - (767 )
As at 30 September 2024 172,276 1,295 7,248 224,367
Depreciation
As at 1 October 2023 25,430 1,295 7,248 221,143
Provided during the period 2,677 - - 904
As at 30 September 2024 28,107 1,295 7,248 222,047
...CONTINUED
Page 4
Page 5
Net Book Value
As at 30 September 2024 144,169 - - 2,320
As at 1 October 2023 146,846 - - 3,991
Computer Equipment Total
£ £
Cost
As at 1 October 2023 55,759 461,712
Disposals - (767 )
As at 30 September 2024 55,759 460,945
Depreciation
As at 1 October 2023 43,228 298,344
Provided during the period 5,564 9,145
As at 30 September 2024 48,792 307,489
Net Book Value
As at 30 September 2024 6,967 153,456
As at 1 October 2023 12,531 163,368
6. Stocks
2024 2023
£ £
Finished goods 77,920 74,977
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 149,228 137,687
Other debtors 83,114 52,029
232,342 189,716
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 134,996 117,850
Other creditors 498,251 568,796
Taxation and social security 6,754 5,384
640,001 692,030
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 200,000 250,000
Page 5
Page 6
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 6