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Company Registration No. 7396073 (England and Wales)
SMS Pharmacy Ltd Unaudited accounts for the year ended 31 October 2024
SMS Pharmacy Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
SMS Pharmacy Ltd Company Information for the year ended 31 October 2024
Director
Dipesh Mohanlal Raghwani
Company Number
7396073 (England and Wales)
Registered Office
86 Devonshire Street, SALFORD, M7 4AE ENGLAND
Accountants
S&H Accountants 35 School Walk Manchester M16 7GD
- 3 -
SMS Pharmacy Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
1,257,770 
1,315,321 
Tangible assets
5
7,892 
9,420 
Investments
6
342,759 
342,759 
1,608,421 
1,667,500 
Current assets
Inventories
72,528 
50,825 
Debtors
7
85,674 
50,027 
Cash at bank and in hand
16,528 
30,960 
174,730 
131,812 
Creditors: amounts falling due within one year
8
(483,062)
(431,404)
Net current liabilities
(308,332)
(299,592)
Total assets less current liabilities
1,300,089 
1,367,908 
Creditors: amounts falling due after more than one year
9
(895,890)
(1,013,045)
Net assets
404,199 
354,863 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
404,189 
354,853 
Shareholders' funds
404,199 
354,863 
For the year ending 31 October 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 October 2025 and were signed on its behalf by
Dipesh Mohanlal Raghwani Director Company Registration No. 7396073
- 4 -
SMS Pharmacy Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
SMS Pharmacy Ltd is a private company, limited by shares, registered in England and Wales, registration number 7396073. The registered office is 86 Devonshire Street, , SALFORD, , M7 4AE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% per annum reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 November 2023
1,292,021 
344,497 
1,636,518 
At 31 October 2024
1,292,021 
344,497 
1,636,518 
Amortisation
At 1 November 2023
295,495 
25,702 
321,197 
Charge for the year
49,826 
7,725 
57,551 
At 31 October 2024
345,321 
33,427 
378,748 
Net book value
At 31 October 2024
946,700 
311,070 
1,257,770 
At 31 October 2023
996,526 
318,795 
1,315,321 
- 5 -
SMS Pharmacy Ltd Notes to the Accounts for the year ended 31 October 2024
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
4,500 
34,506 
39,006 
At 31 October 2024
4,500 
34,506 
39,006 
Depreciation
At 1 November 2023
2,196 
27,390 
29,586 
Charge for the year
461 
1,067 
1,528 
At 31 October 2024
2,657 
28,457 
31,114 
Net book value
At 31 October 2024
1,843 
6,049 
7,892 
At 31 October 2023
2,304 
7,116 
9,420 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 November 2023
342,759 
Valuation at 31 October 2024
342,759 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
55,387 
26,440 
Trade debtors
30,287 
23,587 
85,674 
50,027 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,736 
5,000 
Taxes and social security
38,208 
31,917 
Proposed dividends
70,000 
70,000 
Other creditors
251 
225 
Loans from directors
368,867 
323,062 
Accruals
- 
1,200 
483,062 
431,404 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
895,890 
- 
Other creditors
- 
1,013,045 
895,890 
1,013,045 
- 6 -
SMS Pharmacy Ltd Notes to the Accounts for the year ended 31 October 2024
10
Average number of employees
During the year the average number of employees was 5 (2023: 5).
- 7 -