Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 SC259162 Mrs M Kaur Mr S Madahar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC259162 2023-09-30 SC259162 2024-09-30 SC259162 2023-10-01 2024-09-30 SC259162 frs-core:CurrentFinancialInstruments 2024-09-30 SC259162 frs-core:Non-currentFinancialInstruments 2024-09-30 SC259162 frs-core:FurnitureFittings 2024-09-30 SC259162 frs-core:FurnitureFittings 2023-10-01 2024-09-30 SC259162 frs-core:FurnitureFittings 2023-09-30 SC259162 frs-core:NetGoodwill 2024-09-30 SC259162 frs-core:NetGoodwill 2023-10-01 2024-09-30 SC259162 frs-core:NetGoodwill 2023-09-30 SC259162 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 SC259162 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC259162 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 SC259162 frs-core:MotorVehicles 2024-09-30 SC259162 frs-core:MotorVehicles 2023-10-01 2024-09-30 SC259162 frs-core:MotorVehicles 2023-09-30 SC259162 frs-core:ShareCapital 2024-09-30 SC259162 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC259162 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC259162 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SC259162 frs-bus:SmallEntities 2023-10-01 2024-09-30 SC259162 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC259162 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC259162 frs-bus:Director1 2023-10-01 2024-09-30 SC259162 frs-bus:Director2 2023-10-01 2024-09-30 SC259162 frs-core:CurrentFinancialInstruments 1 2024-09-30 SC259162 frs-countries:EnglandWales 2023-10-01 2024-09-30 SC259162 2022-09-30 SC259162 2023-09-30 SC259162 2022-10-01 2023-09-30 SC259162 frs-core:CurrentFinancialInstruments 2023-09-30 SC259162 frs-core:Non-currentFinancialInstruments 2023-09-30 SC259162 frs-core:ShareCapital 2023-09-30 SC259162 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 SC259162 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: SC259162
LUNDIN LINKS PHARMACY LIMITED
Unaudited Financial Statements
For The Year Ended 30 September 2024
Tax Birmingham SW Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC259162
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 70,102 72,136
70,102 72,136
CURRENT ASSETS
Stocks 6 35,000 7,500
Debtors 7 753,814 707,113
Cash at bank and in hand 48,073 46,479
836,887 761,092
Creditors: Amounts Falling Due Within One Year 8 (538,719 ) (528,470 )
NET CURRENT ASSETS (LIABILITIES) 298,168 232,622
TOTAL ASSETS LESS CURRENT LIABILITIES 368,270 304,758
Creditors: Amounts Falling Due After More Than One Year 9 (151,194 ) (179,353 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (332 ) (332 )
NET ASSETS 216,744 125,073
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 216,644 124,973
SHAREHOLDERS' FUNDS 216,744 125,073
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
Mrs M Kaur
Director
Mr S Madahar
Director
27/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
LUNDIN LINKS PHARMACY LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number SC259162 . The registered office is 2 Emsdorf Street, Lundin Links, Leven, Fife, KY8 6AB.
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
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.
2.3. 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 .... 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%
Motor Vehicles 0%
Fixtures & Fittings 25%
2.5. 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.
2.6. 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 30,000
As at 30 September 2024 30,000
Amortisation
As at 1 October 2023 30,000
As at 30 September 2024 30,000
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 80,000 4,750 24,495 109,245
As at 30 September 2024 80,000 4,750 24,495 109,245
Depreciation
As at 1 October 2023 9,600 4,750 22,759 37,109
Provided during the period 1,600 - 434 2,034
As at 30 September 2024 11,200 4,750 23,193 39,143
Net Book Value
As at 30 September 2024 68,800 - 1,302 70,102
As at 1 October 2023 70,400 - 1,736 72,136
6. Stocks
2024 2023
£ £
Finished goods 35,000 7,500
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 101,008 53,102
VAT 9,606 8,315
Other taxes and social security - 2,496
Amounts owed by group undertakings 643,200 643,200
753,814 707,113
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 72,529 52,290
Other loans 65,139 -
Corporation tax 29,492 42,430
Other taxes and social security 19 -
Net wages 1,384 555
Other creditors (1) (3,675 ) -
Accruals and deferred income 89,850 89,850
Directors' loan accounts 283,981 343,345
538,719 528,470
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 151,194 179,353
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5