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Super Pharm Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Howe Bridge Consulting
Bartle House
Oxford Court
Manchester
M2 3WQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07462746
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 692,000 735,250
Tangible Assets 5 134,201 153,098
826,201 888,348
CURRENT ASSETS
Stocks 6 27,500 92,500
Debtors 7 1,219,052 1,251,481
Cash at bank and in hand 9,517 59,849
1,256,069 1,403,830
Creditors: Amounts Falling Due Within One Year 8 (198,429 ) (296,294 )
NET CURRENT ASSETS (LIABILITIES) 1,057,640 1,107,536
TOTAL ASSETS LESS CURRENT LIABILITIES 1,883,841 1,995,884
Creditors: Amounts Falling Due After More Than One Year 9 (1,064,461 ) (1,317,877 )
NET ASSETS 819,380 678,007
CAPITAL AND RESERVES
Called up share capital 10 15,000 15,000
Profit and Loss Account 804,380 663,007
SHAREHOLDERS' FUNDS 819,380 678,007
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For the year ending 30 November 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 Khalid Iqbal
Director
Mr Khurshid Hussain
Director
14/08/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Super Pharm Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07462746 . The registered office is Benchill Pharmacy, 206 Hollyhedge Road, Wythenshawe, Manchester, M22 4QN.
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 - Other Intangible
Intangible assets acquired seperately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisationb and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future ecomonic beneftis that are attributable to the asset will flow to the entitiy and the fair value of the asset can be measured reliably; the intangible asset arises from the contractual or other legal rights; and the intangible asset is seperable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:
Licences Straight line over 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:
Leasehold Over the terms of the lease - 18 years
Plant & Machinery 15% Reducing balance
Motor Vehicles 20% Straight Line
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Straight Line
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.
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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.
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 27 (2023: 21)
27 21
4. Intangible Assets
Other
£
Cost
As at 1 December 2023 865,000
As at 30 November 2024 865,000
Amortisation
As at 1 December 2023 129,750
Provided during the period 43,250
As at 30 November 2024 173,000
Net Book Value
As at 30 November 2024 692,000
As at 1 December 2023 735,250
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 December 2023 98,954 198,671 297,625
As at 30 November 2024 98,954 198,671 297,625
...CONTINUED
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Depreciation
As at 1 December 2023 23,153 121,374 144,527
Provided during the period 4,211 14,686 18,897
As at 30 November 2024 27,364 136,060 163,424
Net Book Value
As at 30 November 2024 71,590 62,611 134,201
As at 1 December 2023 75,801 77,297 153,098
6. Stocks
2024 2023
£ £
Stock 27,500 92,500
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement
cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks
over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or
loss. Reversals of impairment losses are also recognised in profit or loss.
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 149,542 201,376
Other debtors 1,069,510 1,050,105
1,219,052 1,251,481
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 225,153
Bank loans and overdrafts 34,663 -
Other creditors 105,060 8,214
Taxation and social security 58,705 62,927
198,429 296,294
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 794,154 839,790
Other creditors 270,307 478,087
1,064,461 1,317,877
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 15,000 15,000
11. Financial Instruments
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12
‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet 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 debtors 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 transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference
shares that are classified as debt, are initially recognised at transaction price unless the arrangement
constitutes a financing transaction, where the debt instrument is measured at the present value of the future
payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are
not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year
or less. If not, they are presented as non-current liabilities.
Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion
of the company.
12. Pension Commitments
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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