Acorah Software Products - Accounts Production 16.5.460 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 07542506 Mr Sajid Razaq Mr Khizer Qureshi Mr Shakeel Bashir Mr Asad Ali true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07542506 2024-02-28 07542506 2025-02-28 07542506 2024-02-29 2025-02-28 07542506 frs-core:CurrentFinancialInstruments 2025-02-28 07542506 frs-core:Non-currentFinancialInstruments 2025-02-28 07542506 frs-core:BetweenOneFiveYears 2025-02-28 07542506 frs-core:ComputerEquipment 2024-02-29 2025-02-28 07542506 frs-core:FurnitureFittings 2025-02-28 07542506 frs-core:FurnitureFittings 2024-02-29 2025-02-28 07542506 frs-core:FurnitureFittings 2024-02-28 07542506 frs-core:NetGoodwill 2025-02-28 07542506 frs-core:NetGoodwill 2024-02-29 2025-02-28 07542506 frs-core:NetGoodwill 2024-02-28 07542506 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-28 07542506 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 2025-02-28 07542506 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 07542506 frs-core:MotorVehicles 2025-02-28 07542506 frs-core:MotorVehicles 2024-02-29 2025-02-28 07542506 frs-core:MotorVehicles 2024-02-28 07542506 frs-core:PlantMachinery 2025-02-28 07542506 frs-core:PlantMachinery 2024-02-29 2025-02-28 07542506 frs-core:PlantMachinery 2024-02-28 07542506 frs-core:WithinOneYear 2025-02-28 07542506 frs-core:ShareCapital 2025-02-28 07542506 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 07542506 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 07542506 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 07542506 frs-bus:SmallEntities 2024-02-29 2025-02-28 07542506 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 07542506 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 07542506 1 2024-02-29 2025-02-28 07542506 frs-core:UnlistedNon-exchangeTraded 2025-02-28 07542506 frs-core:UnlistedNon-exchangeTraded 2024-02-28 07542506 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-28 07542506 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2025-02-28 07542506 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-02-28 07542506 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-28 07542506 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-02-28 07542506 frs-bus:Director1 2024-02-29 2025-02-28 07542506 frs-bus:Director2 2024-02-29 2025-02-28 07542506 frs-bus:Director3 2024-02-29 2025-02-28 07542506 frs-bus:Director4 2024-02-29 2025-02-28 07542506 frs-countries:EnglandWales 2024-02-29 2025-02-28 07542506 2023-02-28 07542506 2024-02-28 07542506 2023-03-01 2024-02-28 07542506 frs-core:CurrentFinancialInstruments 2024-02-28 07542506 frs-core:Non-currentFinancialInstruments 2024-02-28 07542506 frs-core:BetweenOneFiveYears 2024-02-28 07542506 frs-core:WithinOneYear 2024-02-28 07542506 frs-core:ShareCapital 2024-02-28 07542506 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 07542506
Dispensing Healthcare Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07542506
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 387,758 410,536
Investments 6 3,456,186 3,121,043
3,843,944 3,531,579
CURRENT ASSETS
Stocks 7 92,957 92,353
Debtors 8 204,281 420,189
Cash at bank and in hand 426,545 431,455
723,783 943,997
Creditors: Amounts Falling Due Within One Year 9 (725,211 ) (536,951 )
NET CURRENT ASSETS (LIABILITIES) (1,428 ) 407,046
TOTAL ASSETS LESS CURRENT LIABILITIES 3,842,516 3,938,625
Creditors: Amounts Falling Due After More Than One Year 10 (2,163,748 ) (2,335,162 )
NET ASSETS 1,678,768 1,603,463
CAPITAL AND RESERVES
Called up share capital 12 29,005 29,005
Profit and Loss Account 1,649,763 1,574,458
SHAREHOLDERS' FUNDS 1,678,768 1,603,463
Page 1
Page 2
For the year ending 28 February 2025 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 Sajid Razaq
Director
19/05/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dispensing Healthcare Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07542506 . The registered office is 210B Wellgate, Rotherham, S60 2PD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold 0
Plant & Machinery 20%
Motor Vehicles 20%
Fixtures & Fittings 20%
Computer Equipment 20%
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. 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.
2.7. 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 year 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 asset reflects 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 37 (2024: 37)
37 37
4. Intangible Assets
Goodwill
£
Cost
As at 29 February 2024 275,266
As at 28 February 2025 275,266
Amortisation
As at 29 February 2024 275,266
As at 28 February 2025 275,266
Net Book Value
As at 28 February 2025 -
As at 29 February 2024 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 29 February 2024 296,645 34,328 187,650 66,965 585,588
As at 28 February 2025 296,645 34,328 187,650 66,965 585,588
Depreciation
As at 29 February 2024 - 23,334 97,157 54,561 175,052
Provided during the period - 2,199 18,099 2,480 22,778
As at 28 February 2025 - 25,533 115,256 57,041 197,830
Net Book Value
As at 28 February 2025 296,645 8,795 72,394 9,924 387,758
As at 29 February 2024 296,645 10,994 90,493 12,404 410,536
6. Investments
Unlisted
£
Cost
As at 29 February 2024 3,121,043
Additions 335,143
As at 28 February 2025 3,456,186
Provision
As at 29 February 2024 -
As at 28 February 2025 -
...CONTINUED
Page 4
Page 5
Net Book Value
As at 28 February 2025 3,456,186
As at 29 February 2024 3,121,043
7. Stocks
2025 2024
£ £
Finished goods 92,957 92,353
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 204,281 417,377
VAT - 2,812
204,281 420,189
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 19,744 19,744
Trade creditors 265,559 335,649
Bank loans and overdrafts 50,198 50,198
Corporation tax 31,285 22,434
Other taxes and social security 53,108 53,108
VAT 217,367 -
Net wages 1,904 1,904
Other creditors 35,046 12,914
Accruals and deferred income 1,000 1,000
Directors' loan accounts 50,000 40,000
725,211 536,951
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 68,634 96,740
Bank loans 1,457,574 1,600,882
Directors loan account 637,540 637,540
2,163,748 2,335,162
The directors have agreed to not seek repayment of the loan account within the next twelve months from the date of signing this Financial Statements.
Page 5
Page 6
11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 19,744 19,744
Later than one year and not later than five years 68,634 96,740
88,378 116,484
88,378 116,484
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 29,005 29,005
13. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 76,000 82,800
14. Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
Page 6