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REGISTERED NUMBER: 05841737 (England and Wales)









D R ROSSER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






D R ROSSER LIMITED (REGISTERED NUMBER: 05841737)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D R ROSSER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: D R Rosser





REGISTERED OFFICE: 12 Church Street
Monmouth
Gwent
NP25 3BU





REGISTERED NUMBER: 05841737 (England and Wales)

D R ROSSER LIMITED (REGISTERED NUMBER: 05841737)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 451,129 501,254
Tangible assets 5 120,643 136,316
571,772 637,570

CURRENT ASSETS
Stocks 6 124,930 172,900
Debtors 7 357,021 350,071
Cash at bank and in hand 3,989 5,267
485,940 528,238
CREDITORS
Amounts falling due within one year 8 789,933 728,000
NET CURRENT LIABILITIES (303,993 ) (199,762 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,779

437,808

CREDITORS
Amounts falling due after more than one
year

9

(642,782

)

(671,529

)

PROVISIONS FOR LIABILITIES 12 (14,568 ) (34,082 )
NET LIABILITIES (389,571 ) (267,803 )

D R ROSSER LIMITED (REGISTERED NUMBER: 05841737)

BALANCE SHEET - continued
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 13 100 100
Retained earnings (389,671 ) (267,903 )
SHAREHOLDERS' FUNDS (389,571 ) (267,803 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 20 July 2025 and were signed by:





D R Rosser - Director


D R ROSSER LIMITED (REGISTERED NUMBER: 05841737)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

D R Rosser 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern
The financial statements have been prepared on a going concern basis.

The director has assessed the company's financial position, cash flow forecasts, and available funding. As part of this assessment, the director has held discussions with the company's bank to review the financing requirements of the business. These discussions have provided the director with comfort that appropriate facilities and support remain available to the company.

Based on current trading performance, available resources, and these discussions, the director has a reasonable expectation that the company has adequate funding in place to meet its liabilities as the fall due for a period of at least 12 months from the date of approval of the financial statements. Accordingly, the going concern basis remains appropriate.

Preparation of consolidated financial statements
The financial statements contain information about D R Rosser Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

D R ROSSER LIMITED (REGISTERED NUMBER: 05841737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured at fair value of the consideration received or receivable net of VAT and discounts. The policies adopted for the recognition of turnover are as follows:-

Sale of goods:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the customer. The amount revenue can be reliably, it is probable that the economic benefit associated with the transaction.

NHS income:

Revenue from NHS services, including prescriptions and other related services, is recognised when the pharmacy has provided the service and is entitled to receive payment. This includes NHS prescriptions dispensed, which are recorded as turnover once verified and submitted for reimbursement, and any NHS income for commissioned services, which is recognised when the service obligation to the NHS is met.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised over its estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost and 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and selling price less costs to sell, 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.


D R ROSSER LIMITED (REGISTERED NUMBER: 05841737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefit will be required in settlement and the amount can be reliably estimated.

Where there are a number of similar obligations, the likelihood that an outflow of economic benefits will be required in settlement is determined by considering the class of obligation as a whole. A provision is recognised even if the likelihood of an outflow with respect of any one item in the same class of obligations may be small.

Provisions are not made for future operating losses.

Provisions are measures at the present value of the cost expected to be required to settle the obligation using a pre-tax rate that reflects current market assessment of the time value of money and the risks specific to the obligation. The increase in the provision due to the passing of time is recognised as a cost in the income statement.

D R ROSSER LIMITED (REGISTERED NUMBER: 05841737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

Cash and cash equivalent
Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments".
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, loans to related companies and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, loans to related companies and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 1,002,509
AMORTISATION
At 1 November 2023 501,255
Amortisation for year 50,125
At 31 October 2024 551,380
NET BOOK VALUE
At 31 October 2024 451,129
At 31 October 2023 501,254

D R ROSSER LIMITED (REGISTERED NUMBER: 05841737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. INTANGIBLE FIXED ASSETS - continued

Goodwill has arisen on the hive up of the trade and assets of a subsidiary from to the 1 February 2023. Amortisation has been calculated and applied as a prior year adjustment from the date the subsidiary was originally acquired in 2011 .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 1,862 147,561 49,660 1,974 201,057
Additions - 2,500 - - 2,500
At 31 October 2024 1,862 150,061 49,660 1,974 203,557
DEPRECIATION
At 1 November 2023 309 45,453 17,796 1,183 64,741
Charge for year 388 9,289 7,966 530 18,173
At 31 October 2024 697 54,742 25,762 1,713 82,914
NET BOOK VALUE
At 31 October 2024 1,165 95,319 23,898 261 120,643
At 31 October 2023 1,553 102,108 31,864 791 136,316

6. STOCKS
2024 2023
£    £   
Stocks 124,930 172,900

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 280,563 293,726
Other debtors 76,458 56,345
357,021 350,071

D R ROSSER LIMITED (REGISTERED NUMBER: 05841737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 147,789 115,951
Hire purchase contracts (see note 10) 10,600 9,450
Trade creditors 458,050 372,791
Taxation and social security 7,617 6,238
Other creditors 165,877 223,570
789,933 728,000

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 631,465 648,462
Hire purchase contracts (see note 10) 11,317 23,067
642,782 671,529

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 10,600 9,450
Between one and five years 11,317 23,067
21,917 32,517


At 31 October 2024, the company had total commitments under a non-cancellable operating lease over the remaining life of that lease of £18,000.

D R ROSSER LIMITED (REGISTERED NUMBER: 05841737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 685,229 738,993

Santander UK PLC hold a charge code dated 30 November 2015 secured over the leasehold medical centre Beaufort Road Downend Bristol, which contains a fixed charge and negative pledge.

Santander UK PLC hold a legal charge dated 1st April 2011 secured over all monies due or to become due from the company to the group , or any group member on any account whatsoever, secured over the leasehold property known as 12 Church Street Monmouthshire and a fixed charge over all of its rights, title, estate and other interests and a fixed and floating charge over the undertaking and all property and assets present and future.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 14,568 34,082

Deferred
tax
£   
Balance at 1 November 2023 34,082
Decelerated capital allowances (19,514 )
Balance at 31 October 2024 14,568

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

D R ROSSER LIMITED (REGISTERED NUMBER: 05841737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

14. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 October 2024 the company owed the director £68,173 (2023: £124,123) which is included within creditors amounts falling due within one year.

The balance is interest free and repayable on demand.

The company operates from a property owed by the director. During the year £18,000 (2023: £18,000) was paid in rent for the use of this property.

15. 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.