Company No: 03196790 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	5	1,446,951		1,277,642
Investments	6	1,267		1,267
		1,448,218		1,278,909
Current assets
Stocks		89,159		85,713
Debtors	7	485,635		481,449
Cash at bank and in hand		270,634		495,926
		845,428		1,063,088
Creditors: amounts falling due within one year	8	( 648,156)		( 639,063)
Net current assets		197,272		424,025
Total assets less current liabilities		1,645,490		1,702,934
Provision for liabilities		( 52,614)		( 53,645)
Net assets		1,592,876		1,649,289
Capital and reserves
Called-up share capital		114,500		114,500
Profit and loss account		1,478,376		1,534,789
Total shareholders' funds		1,592,876		1,649,289

For the financial year ending 31 July 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Devkipharm Limited (registered number: 03196790) were approved and authorised for issue by the Board of Directors on 15 May 2026. They were signed on its behalf by:

R Patel Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Devkipharm Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Hales Drive, Canterbury, Kent, CT2 7AB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

Current tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Fixtures and fittings	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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 profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors:	18		22

4. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 August 2024	11,955		11,955
At 31 July 2025	11,955		11,955
Accumulated amortisation
At 01 August 2024	11,955		11,955
At 31 July 2025	11,955		11,955
Net book value
At 31 July 2025	0		0
At 31 July 2024	0		0

5. Tangible assets

	Land and buildings		Fixtures and fittings		Total
	£		£		£
Cost
At 01 August 2024	1,409,167		593,142		2,002,309
Additions	201,828		29,024		230,852
At 31 July 2025	1,610,995		622,166		2,233,161
Accumulated depreciation
At 01 August 2024	350,052		374,615		724,667
Charge for the financial year	27,683		33,860		61,543
At 31 July 2025	377,735		408,475		786,210
Net book value
At 31 July 2025	1,233,260		213,691		1,446,951
At 31 July 2024	1,059,115		218,527		1,277,642

6. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 August 2024	8
At 31 July 2025	8
Carrying value at 31 July 2025	8
Carrying value at 31 July 2024	8

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 August 2024	1,259		1,259
At 31 July 2025	1,259		1,259
Carrying value at 31 July 2025	1,259		1,259
Carrying value at 31 July 2024	1,259		1,259

7. Debtors

	2025		2024
	£		£
Trade debtors	0		7,824
Amounts owed by connected persons	225,389		225,389
Other debtors	260,246		248,236
	485,635		481,449

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	231,941		262,599
Amounts owed to Group undertakings	19,691		4,806
Amounts owed to connected companies	236,968		236,968
Taxation and social security	55,294		40,476
Other creditors	104,262		94,214
	648,156		639,063

9. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
Amounts owed to a group company:	225,389		225,389
Amounts owed to a group company:	19,683		4,798
Amounts owed to a company related by common control:	236,968		236,968
Amounts owed to a group company:	8		8

Transactions with the entity's directors

	2025		2024
	£		£
Amounts owed to a director:	8,736		7,783