REGISTERED NUMBER: 05421325 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Horbury Road Pharmacy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Mackie

Mrs G J Mackie

SECRETARY:

R Mackie

REGISTERED OFFICE:

186 Horbury Road

Wakefield

WF2 8BQ

REGISTERED NUMBER:

05421325 (England and Wales)

ACCOUNTANTS:

Clements

Chartered Accountants

39 St Vincent Place

Glasgow

G1 2ER

FIXED ASSETS

Intangible assets

4

-

20,000

Tangible assets

5

8,990

659

8,990

20,659

CURRENT ASSETS

Stocks

79,148

62,429

Debtors

6

216,370

201,512

Cash at bank and in hand

214,012

202,739

509,530

466,680

CREDITORS

Amounts falling due within one year

7

274,779

271,393

NET CURRENT ASSETS

234,751

195,287

TOTAL ASSETS LESS CURRENT LIABILITIES

243,741

215,946

PROVISIONS FOR LIABILITIES

1,851

-

NET ASSETS

241,890

215,946

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

240,890

214,946

SHAREHOLDERS' FUNDS

241,890

215,946

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 20 May 2026 and were signed on its behalf by:

R Mackie - Director

1.	STATUTORY INFORMATION

Horbury Road 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the consideration received or receivable for the provision of goods and services by a dispensing chemist in the normal course of business and is shown exclusive of Value Added Tax, trade discounts and volume rebates.

Revenue is recognised when the company has the right to receive it.

Goodwill

Goodwill, being the amount paid in connection with the aquisition of the business in 2005, was amortised over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and selling price less costs to complete and sell.

Financial instruments

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax.

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 all 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. 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.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. £10,000 (2024 - £10,000).

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

800,000

AMORTISATION

At 1 September 2024

780,000

Charge for year

20,000

At 31 August 2025

800,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

20,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

12,961

Additions

9,995

At 31 August 2025

22,956

DEPRECIATION

At 1 September 2024

12,302

Charge for year

1,664

At 31 August 2025

13,966

NET BOOK VALUE

At 31 August 2025

8,990

At 31 August 2024

659

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

192,746

157,295

Other debtors

23,624

44,217

216,370

201,512

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

225,970

254,052

Taxation and social security

29,658

12,145

Other creditors

19,151

5,196

274,779

271,393

Included in other creditors are the directors' current accounts which are unsecured, interest free and repayable on demand.

8.	RELATED PARTY DISCLOSURES

The company occupies and trades from a property owned by the directors' SIPP at annual rent of £10,000 (2024 £10,000).

Dividends paid to the directors and their family amounted to £30,000 (2024 £15,287).

Management income was received by the company from Parkchem Ltd, £2,600 (2024 £Nil), and East Boldon Village Pharmacy Ltd, £2,600 (2024 £Nil). Mr & Mrs Mackie are shareholders in East Boldon Village Pharmacy Ltd and are shareholders in the parent company of Parkchem Ltd, Apothicare Pharma Ltd.

Slamannan Village Pharmacy Ltd

Management charges were payable by the company to Slamannan Village Pharmacy Ltd, a company in which Mr & Mrs Mackie were shareholders, as follows: £11,200 (2024 £18,000).