V & J Pharmacy Limited - Filleted accounts

Registered number

08260757

V & J Pharmacy Limited

Filleted Accounts

31 March 2025

V & J Pharmacy Limited
Registered number:		08260757
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		227,901			256,688
Tangible assets	4		520,193			438,526
			748,094			695,214

Current assets
Stocks		39,870			40,275
Debtors	5	102,613			94,059
Cash at bank and in hand		65,329			130,961
		207,812			265,295

Creditors: amounts falling due within one year	6	(180,341)			(220,856)

Net current assets			27,471			44,439

Total assets less current liabilities			775,565			739,653

Creditors: amounts falling due after more than one year	7		(214,011)			(247,411)

Net assets			561,554			492,242

Capital and reserves
Called up share capital			100			100
Profit and loss account			561,454			492,142

Shareholders' funds			561,554			492,242

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Mr Vikash Rajesh Patel
Director
Approved by the board on 8 December 2025

V & J Pharmacy Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Plant and machinery			15% on reducing balance
	Fixtures, fittings, tools and equipment			20% on reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					7		7


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							575,750
	At 31 March 2025							575,750

	Amortisation
	At 1 April 2024							319,062
	Provided during the year							28,787
	At 31 March 2025							347,849

	Net book value
	At 31 March 2025							227,901
	At 31 March 2024							256,688

	Goodwill is being written off in equal annual instalments over its estimated economic life.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	433,384		149,108		-		582,492
	Additions	-		3,546		89,888		93,434
	At 31 March 2025	433,384		152,654		89,888		675,926

	Depreciation
	At 1 April 2024	29,238		114,728		-		143,966
	Charge for the year	3,468		5,689		2,610		11,767
	At 31 March 2025	32,706		120,417		2,610		155,733

	Net book value
	At 31 March 2025	400,678		32,237		87,278		520,193
	At 31 March 2024	404,146		34,380		-		438,526
	The freehold land and building are included in the accounts at a cost of £433,384. This includes land which is valued at £260,030 by the director. No depreciation has been provided on this.


5	Debtors					2025		2024
£							£

	Trade debtors					75,167		75,364
	Other debtors					16,000		9,000
	Value added tax recoverable					11,446		9,695
						102,613		94,059


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					33,400		33,400
	Trade creditors					96,386		123,637
	Taxation and social security costs					23,960		58,985
	Other creditors					11,014		2,650
	Director's loan account					15,581		2,184
						180,341		220,856


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					213,400		246,800
	Other creditors					611		611
						214,011		247,411


8	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					246,800		280,200

	Bank loans are secured by a charge on freehold property of the company and by a debenture on the company assets.


9	Other information

	V & J Pharmacy Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Village Pharmacy
	62 High Street, Stanstead Abbotts
	Ware
	Hertfordshire
	SG12 8AQ