0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 181,222 9,538 9,061 18,599 162,623 171,684 xbrli:pure xbrli:shares iso4217:GBP 14652804 2024-04-01 2025-03-31 14652804 2025-03-31 14652804 2024-03-31 14652804 2023-02-09 2024-03-31 14652804 2024-03-31 14652804 2023-02-08 14652804 core:NetGoodwill 2024-04-01 2025-03-31 14652804 core:FurnitureFittings 2024-04-01 2025-03-31 14652804 bus:Director1 2024-04-01 2025-03-31 14652804 core:NetGoodwill 2024-03-31 14652804 core:NetGoodwill 2025-03-31 14652804 core:FurnitureFittings 2024-03-31 14652804 core:FurnitureFittings 2025-03-31 14652804 core:AfterOneYear 2025-03-31 14652804 core:AfterOneYear 2024-03-31 14652804 core:WithinOneYear 2025-03-31 14652804 core:WithinOneYear 2024-03-31 14652804 core:ShareCapital 2025-03-31 14652804 core:ShareCapital 2024-03-31 14652804 core:RetainedEarningsAccumulatedLosses 2025-03-31 14652804 core:RetainedEarningsAccumulatedLosses 2024-03-31 14652804 core:NetGoodwill 2024-03-31 14652804 core:FurnitureFittings 2024-03-31 14652804 bus:SmallEntities 2024-04-01 2025-03-31 14652804 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 14652804 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 14652804 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14652804 bus:FullAccounts 2024-04-01 2025-03-31 14652804 core:OfficeEquipment 2024-04-01 2025-03-31 14652804 core:OfficeEquipment 2024-03-31 14652804 core:OfficeEquipment 2025-03-31
COMPANY REGISTRATION NUMBER: 14652804
Caerwys Pharmacy Practice Limited
Filleted Unaudited Financial Statements
31 March 2025
Caerwys Pharmacy Practice Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
Fixed assets
Intangible assets
5
162,623
171,684
Tangible assets
6
10,296
14,645
---------
---------
172,919
186,329
Current assets
Stocks
3,225
5,700
Debtors
7
81,471
80,087
Cash at bank and in hand
14,666
39,671
--------
---------
99,362
125,458
Creditors: amounts falling due within one year
8
48,346
55,413
--------
---------
Net current assets
51,016
70,045
---------
---------
Total assets less current liabilities
223,935
256,374
Creditors: amounts falling due after more than one year
9
211,559
243,660
---------
---------
Net assets
12,376
12,714
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
12,276
12,614
--------
--------
Shareholders funds
12,376
12,714
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Caerwys Pharmacy Practice Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 5 August 2025 , and are signed on behalf of the board by:
Mrs K Masri
Director
Company registration number: 14652804
Caerwys Pharmacy Practice Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bell House, North Street, Caerwys, Mold, CH7 5AN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
5% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% straight line
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. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2024: 3 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
181,222
---------
Amortisation
At 1 April 2024
9,538
Charge for the year
9,061
---------
At 31 March 2025
18,599
---------
Carrying amount
At 31 March 2025
162,623
---------
At 31 March 2024
171,684
---------
6. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 April 2024
2,575
17,457
20,032
Additions
707
707
-------
--------
--------
At 31 March 2025
2,575
18,164
20,739
-------
--------
--------
Depreciation
At 1 April 2024
515
4,872
5,387
Charge for the year
515
4,541
5,056
-------
--------
--------
At 31 March 2025
1,030
9,413
10,443
-------
--------
--------
Carrying amount
At 31 March 2025
1,545
8,751
10,296
-------
--------
--------
At 31 March 2024
2,060
12,585
14,645
-------
--------
--------
7. Debtors
2025
2024
£
£
Trade debtors
79,184
77,655
Other debtors
2,287
2,432
--------
--------
81,471
80,087
--------
--------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
32,754
29,982
Corporation tax
13,741
22,794
Social security and other taxes
894
Other creditors
1,851
1,743
--------
--------
48,346
55,413
--------
--------
9. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
165,295
171,396
Other creditors
46,264
72,264
---------
---------
211,559
243,660
---------
---------