Personal_Homecare_Pharmacy_Ltd_31_Mar_2025_companies_house_set_of

Personal Homecare Pharmacy Ltd

Statement of Financial Position

31 March 2025

		31 Mar 2025		29 Feb 2024
	Note	£		£
Fixed assets
Tangible assets	5	2,846,133		386,833
Current assets
Stocks		1,579,324		1,078,502
Debtors	6	5,484,248		3,070,706
Cash at bank and in hand		1,587,305		1,034,054
		8,650,877		5,183,262
Creditors: amounts falling due within one year	7	(7,642,143	)	(3,624,274	)
Net current assets		1,008,734		1,558,988
Total assets less current liabilities		3,854,867		1,945,821
Creditors: amounts falling due after more than one year	8	(1,782,774	)	(236,264	)
Net assets		2,072,093		1,709,557
Capital and reserves
Called up share capital		100		100
Profit and loss account		2,071,993		1,709,457
Shareholders funds		2,072,093		1,709,557

For the period ending

31 March 2025

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

30 December 2025

, and are signed on behalf of the board by:

M Y Sheikh

Director

Company registration number:

07158940

Personal Homecare Pharmacy Ltd

Notes to the Financial Statements

Period ended

31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

11 Highview Close

Leicester

LE4 9LJ

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Land and buildings	2% Straight line basis
Plant and machinery	25% reducing balance basis
Fixtures, fittings and equipment	25% reducing balance basis

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4 Average number of employees

The average number of persons employed by the company during the period was

(2024:

5 Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 1 March 2024	306,123		154,580		460,703
Additions	2,814,282		55,556		2,869,838
Disposals	(306,123	)	(25,000	)	(331,123	)
At 31 March 2025	2,814,282		185,136		2,999,418
Depreciation
At 1 March 2024	-		73,870		73,870
Charge	-		29,379		29,379
Disposals	56,286		(6,250	)	50,036
At 31 March 2025	56,286		96,999		153,285
Carrying amount
At 31 March 2025	2,757,996		88,137		2,846,133
At 29 February 2024	306,123		80,710		386,833

6 Debtors

	31 Mar 2025	29 Feb 2024
	£	£
Trade debtors	4,255,617	2,673,806
Other debtors	1,228,631	396,900
	5,484,248	3,070,706

7 Creditors: amounts falling due within one year

	31 Mar 2025	29 Feb 2024
	£	£
Bank loans and overdrafts	68,460	35,124
Trade creditors	7,518,825	3,312,467
Taxation and social security	36,054	260,256
Other creditors	18,804	16,427
	7,642,143	3,624,274

The bank loans are secured over the assets concerned.

8 Creditors: amounts falling due after more than one year

	31 Mar 2025	29 Feb 2024
	£	£
Bank loans and overdrafts	1,776,155	212,828
Other creditors	6,619	23,436
	1,782,774	236,264