REGISTERED NUMBER: 07385689 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ST ALDHELM'S PHARMACY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

N H Dhokia

K S Hundle

SECRETARY:

K S Hundle

REGISTERED OFFICE:

106 Grace Road

Leicester

Leicestershire

LE2 8AZ

REGISTERED NUMBER:

07385689 (England and Wales)

AUDITORS:

Shenward LLP

Chartered Accountants & Statutory Auditors

Summit House

Woodland Park

Bradford Road

Cleckheaton

West Yorkshire

BD19 6BW

FIXED ASSETS

Intangible assets

5

407,082

471,358

Tangible assets

6

156,270

42,432

563,352

513,790

CURRENT ASSETS

Stocks

64,047

110,741

Debtors

7

460,312

498,627

Cash at bank and in hand

216,440

197,530

740,799

806,898

CREDITORS

Amounts falling due within one year

8

526,709

515,866

NET CURRENT ASSETS

214,090

291,032

TOTAL ASSETS LESS CURRENT LIABILITIES

777,442

804,822

CREDITORS

Amounts falling due after more than one year

9

(1,670

)

(11,667

)

PROVISIONS FOR LIABILITIES

11

(29,971

)

(7,354

)

NET ASSETS

745,801

785,801

CAPITAL AND RESERVES

Called up share capital

12

450

450

Retained earnings

745,351

785,351

SHAREHOLDERS' FUNDS

745,801

785,801

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 12 December 2025 and were signed on its behalf by:

K S Hundle - Director

N H Dhokia - Director

1.	STATUTORY INFORMATION

St Aldhelm's 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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Details of these judgements can be found in the accounting policies.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

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.

Long leasehold

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Office equipment

-

20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to the income statement.

Impairment of fixed assets

At each reporting end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply.

Stocks

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

At each reporting end date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its cost and net realisable value is recognised as an impairment loss in the income statement. Reversals of impairment losses are also recognised in the income statement.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially recorded 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.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party,

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 recorded 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.

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 in 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.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Provisions for liabilities

Provisions are made when an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Income Statement in the year that the company becomes aware of the obligation and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 29 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

642,761

AMORTISATION

At 1 April 2024

171,403

Amortisation for year

64,276

At 31 March 2025

235,679

NET BOOK VALUE

At 31 March 2025

407,082

At 31 March 2024

471,358

6.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2024

149,276

46,478

69,415

Additions

-

-

156,429

At 31 March 2025

149,276

46,478

225,844

DEPRECIATION

At 1 April 2024

149,275

32,574

46,613

Charge for year

-

8,856

34,236

At 31 March 2025

149,275

41,430

80,849

NET BOOK VALUE

At 31 March 2025

1

5,048

144,995

At 31 March 2024

1

13,904

22,802

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

24,532

2,816

292,517

Additions

-

3,618

160,047

At 31 March 2025

24,532

6,434

452,564

DEPRECIATION

At 1 April 2024

19,755

1,868

250,085

Charge for year

2,252

865

46,209

At 31 March 2025

22,007

2,733

296,294

NET BOOK VALUE

At 31 March 2025

2,525

3,701

156,270

At 31 March 2024

4,777

948

42,432

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

344,826

362,007

VAT

88,104

109,299

Prepayments

27,382

27,321

460,312

498,627

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 10)

10,000

10,000

Trade creditors

166,861

464,623

Tax

(14,050

)

22,265

Social security and other taxes

4,091

15,132

Pensions

-

1,633

Other creditors

1,216

1,216

Accruals

358,591

997

526,709

515,866

Included within other creditors is the following amount:-

Nimesh Dhokia £1,216 (2024: £1,216), which is unsecured and is repayable on demand.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 10)

1,670

11,667

10.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

10,000

10,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

1,670

10,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

1,667

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

29,971

7,354

Deferred

tax

£

Balance at 1 April 2024

7,354

Provided during year

22,617

Balance at 31 March 2025

29,971

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

450

Ordinary

1

450

450

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sherad Dewedi (Senior Statutory Auditor)

for and on behalf of Shenward LLP

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Warwick Healthcare Limited by virtue of the shareholding.

Nimesh Harish Dhokia and Kavaljeet Singh Hundle are directors of Warwick Healthcare Limited.