REGISTERED NUMBER: 06352715 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Shivas Pharmacy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J V Patel

Mrs D Patel

REGISTERED OFFICE:

105a Albemarle Road

Beckenham

Kent

BR3 5HS

REGISTERED NUMBER:

06352715 (England and Wales)

ACCOUNTANTS:

PHS Accountants Ltd

105a Albemarle Road

Beckenham

Kent

BR3 5HS

FIXED ASSETS

Intangible assets

5

172,500

230,000

Tangible assets

6

14,577

10,863

187,077

240,863

CURRENT ASSETS

Stocks

84,753

81,434

Debtors

7

501,920

542,889

Cash at bank and in hand

267,032

89,107

853,705

713,430

CREDITORS

Amounts falling due within one year

8

508,121

492,402

NET CURRENT ASSETS

345,584

221,028

TOTAL ASSETS LESS CURRENT LIABILITIES

532,661

461,891

CREDITORS

Amounts falling due after more than one year

9

9,167

19,167

NET ASSETS

523,494

442,724

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

523,492

442,722

SHAREHOLDERS' FUNDS

523,494

442,724

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

J V Patel - Director

Mrs D Patel - Director

1.	STATUTORY INFORMATION

Shivas 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.

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Income is recognised during the year when the company provides goods and services.

Goodwill

Goodwill arises upon the acquisition of established trading business in 2008. Goodwill is calculated as the difference between the value of the consideration paid and the fair value of the net asset acquired. It is amortised from the date of acquisition through the profit and loss over the directors estimate of its useful economic life of twenty years. This estimate of its useful life is subject to regular impairment reviews and these have not resulted in any material change of amortisation charges over the year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

1,150,000

AMORTISATION

At 1 January 2024

920,000

Charge for year

57,500

At 31 December 2024

977,500

NET BOOK VALUE

At 31 December 2024

172,500

At 31 December 2023

230,000

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

424,947

15,122

440,069

Additions

8,573

-

8,573

At 31 December 2024

433,520

15,122

448,642

DEPRECIATION

At 1 January 2024

414,084

15,122

429,206

Charge for year

4,859

-

4,859

At 31 December 2024

418,943

15,122

434,065

NET BOOK VALUE

At 31 December 2024

14,577

-

14,577

At 31 December 2023

10,863

-

10,863

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

91,604

101,004

Other debtors

410,316

441,885

501,920

542,889

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

108,986

102,131

Taxation and social security

42,139

40,657

Other creditors

346,996

339,614

508,121

492,402

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

9,167

19,167