REGISTERED NUMBER: 01009144 (England and Wales)

COUNTY PHARMACY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr S.E. Morris

Mrs L.E. Morris

REGISTERED OFFICE:

15 Wordsley Green Shopping Centre

Wordsley

Stourbridge

West Midlands

DY8 5PD

REGISTERED NUMBER:

01009144 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

BANKERS:

HSBC Bank plc

114 High Street

Stourbridge

West Midlands

DY8 1DZ

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of County Pharmacy Limited for the year ended 31 March 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of County Pharmacy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of County Pharmacy Limited and state those matters that we have agreed to state to the Board of Directors of County Pharmacy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than County Pharmacy Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that County Pharmacy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of County Pharmacy Limited. You consider that County Pharmacy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of County Pharmacy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

9 September 2025

FIXED ASSETS

Tangible assets

4

8,742

9,718

Investments

5

73,050

102,168

81,792

111,886

CURRENT ASSETS

Stocks

6

85,755

80,605

Debtors

7

180,392

178,601

Cash at bank and in hand

49,915

51,159

316,062

310,365

CREDITORS

Amounts falling due within one year

8

225,752

215,025

NET CURRENT ASSETS

90,310

95,340

TOTAL ASSETS LESS CURRENT LIABILITIES

172,102

207,226

PROVISIONS FOR LIABILITIES

1,684

2,773

NET ASSETS

170,418

204,453

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Fair value reserve

9

100

3,950

Retained earnings

167,318

197,503

SHAREHOLDERS' FUNDS

170,418

204,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by:

Mr S.E. Morris - Director

1.	STATUTORY INFORMATION

County Pharmacy 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net sales of goods/services, excluding value added tax

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

58,146

DEPRECIATION

At 1 April 2024

48,428

Charge for year

976

At 31 March 2025

49,404

NET BOOK VALUE

At 31 March 2025

8,742

At 31 March 2024

9,718

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

102,168

Additions

999

Disposals

(25,364

)

Revaluations

(4,753

)

At 31 March 2025

73,050

NET BOOK VALUE

At 31 March 2025

73,050

At 31 March 2024

102,168

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2019

(9,153

)

Valuation in 2020

(25,557

)

Valuation in 2021

69,571

Valuation in 2022

(548

)

Valuation in 2023

(30,257

)

Valuation in 2024

821

Valuation in 2025

(4,754

)

Cost

72,927

73,050

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

72,927

183,582

6.

STOCKS

2025

2024

£

£

Goods for resale

85,755

80,605

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

151,658

150,030

Other debtors

28,734

28,571

180,392

178,601

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

151,818

148,958

Taxation and social security

10,693

2,969

Other creditors

63,241

63,098

225,752

215,025

9.

RESERVES

Fair

value

reserve

£

At 1 April 2024

3,950

Restatement to fair value

764

Transfer between reserves

(4,614

)

At 31 March 2025

100