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Registered number: 08064580
Pharma Clinic BRS Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08064580
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 130,000 156,000
Tangible Assets 5 28,926 36,529
158,926 192,529
CURRENT ASSETS
Stocks 6 77,490 78,533
Debtors 7 82,612 83,144
Cash at bank and in hand 78,070 83,635
238,172 245,312
Creditors: Amounts Falling Due Within One Year 8 (215,091 ) (212,860 )
NET CURRENT ASSETS (LIABILITIES) 23,081 32,452
TOTAL ASSETS LESS CURRENT LIABILITIES 182,007 224,981
NET ASSETS 182,007 224,981
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 181,007 223,981
SHAREHOLDERS' FUNDS 182,007 224,981
For the year ending 31 October 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 Anand Shah
Director
09/07/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Pharma Clinic BRS Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08064580 . The registered office is 4 Nutter Lane, London, E11 2HY.
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 receivable, net of value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services through retail premises comprising of a pharmacy and Post Office.
Sale of goods
Turnover from the sale of pharmaceutical and other 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 of sale.
Rendering of services
Turnover from the rendering of services is recognised when the customer has paid at the point of sale.
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 10 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:
Leasehold Straight line basis over lease term
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
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 year 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 16)
12 16
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Page 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 260,000
As at 31 October 2024 260,000
Amortisation
As at 1 November 2023 104,000
Provided during the period 26,000
As at 31 October 2024 130,000
Net Book Value
As at 31 October 2024 130,000
As at 1 November 2023 156,000
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 November 2023 24,446 7,131 7,583 82,462
As at 31 October 2024 24,446 7,131 7,583 82,462
Depreciation
As at 1 November 2023 6,112 5,940 3,318 70,651
Provided during the period 3,055 297 1,066 2,953
As at 31 October 2024 9,167 6,237 4,384 73,604
Net Book Value
As at 31 October 2024 15,279 894 3,199 8,858
As at 1 November 2023 18,334 1,191 4,265 11,811
Computer Equipment Total
£ £
Cost
As at 1 November 2023 4,249 125,871
As at 31 October 2024 4,249 125,871
Depreciation
As at 1 November 2023 3,321 89,342
Provided during the period 232 7,603
As at 31 October 2024 3,553 96,945
Net Book Value
As at 31 October 2024 696 28,926
As at 1 November 2023 928 36,529
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6. Stocks
2024 2023
£ £
Finished goods 77,490 78,533
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 74,413 72,194
Prepayments and accrued income 1,738 2,858
VAT 6,207 8,092
Amounts owed by group undertakings 254 -
82,612 83,144
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 164,925 165,256
Corporation tax 17,035 5,587
Other taxes and social security 5,047 7,589
Net wages - 2,095
Other creditors 23,584 2,109
Accruals and deferred income 4,500 5,220
Amounts owed to parent undertaking - 25,004
215,091 212,860
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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