HERBERT AND HERBERT PHARMACY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST AUGUST 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DIRECTORS:

S S Toor

Mrs I K Toor

Mrs T D K Reehal

R G S Toor

SECRETARY:

S S Toor

REGISTERED OFFICE:

88 High Street

Clapham

Bedford

Bedfordshire

MK41 6BW

REGISTERED NUMBER:

11081513 (England and Wales)

ACCOUNTANTS:

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

FIXED ASSETS

Intangible assets

4

108,429

116,770

Tangible assets

5

277,139

287,303

385,568

404,073

CURRENT ASSETS

Stocks

77,000

84,000

Debtors

6

131,730

122,793

Cash at bank and in hand

76,401

76,076

285,131

282,869

CREDITORS

Amounts falling due within one year

7

477,173

451,987

NET CURRENT LIABILITIES

(192,042

)

(169,118

)

TOTAL ASSETS LESS CURRENT LIABILITIES

193,526

234,955

CREDITORS

Amounts falling due after more than one year

8

(139,757

)

(204,574

)

PROVISIONS FOR LIABILITIES

(1,986

)

(2,776

)

NET ASSETS

51,783

27,605

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

51,683

27,505

SHAREHOLDERS' FUNDS

51,783

27,605

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st May 2026 and were signed on its behalf by:

S S Toor - Director

1.	STATUTORY INFORMATION

Herbert And Herbert 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.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 2019, is being amortised evenly over its estimated useful life of twenty 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.

Freehold property

-

2% on cost

Fixtures and fittings

-

5% on cost

Stocks

Stocks are stated 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 stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st September 2024

and 31st August 2025

166,814

AMORTISATION

At 1st September 2024

50,044

Amortisation for year

8,341

At 31st August 2025

58,385

NET BOOK VALUE

At 31st August 2025

108,429

At 31st August 2024

116,770

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1st September 2024

308,600

1,886

63,986

374,472

Additions

-

-

1,400

1,400

At 31st August 2025

308,600

1,886

65,386

375,872

DEPRECIATION

At 1st September 2024

37,032

660

49,477

87,169

Charge for year

6,172

377

5,015

11,564

At 31st August 2025

43,204

1,037

54,492

98,733

NET BOOK VALUE

At 31st August 2025

265,396

849

10,894

277,139

At 31st August 2024

271,568

1,226

14,509

287,303

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

£

Trade debtors

98,096

88,279

VAT

30,638

32,325

Prepayments

2,996

2,189

131,730

122,793

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

£

Bank loans and overdrafts

27,518

30,000

Trade creditors

215,314

215,383

Amounts owed to group undertakings

130,436

129,551

Corporation tax

39,820

11,871

Social security and other taxes

858

763

Net wages outstanding

8,479

10,871

Directors' current accounts

50,000

50,000

Accrued expenses

4,748

3,548

477,173

451,987

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/8/25

31/8/24

£

£

Bank loans - 2-5 years

-

27,538

Directors' loan accounts

139,757

177,036

139,757

204,574

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/25

31/8/24

value:

£

£

26

ORDINARY A

£1

26

26

26

ORDINARY B

£1

26

26

24

ORDINARY C

£1

24

24

24

ORDINARY D

£1

24

24

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Herbert And Herbert Pharmacy Limited for the year ended 31st August 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Herbert And Herbert Pharmacy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Herbert And Herbert Pharmacy Limited and state those matters that we have agreed to state to the Board of Directors of Herbert And Herbert Pharmacy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Herbert And Herbert Pharmacy Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Herbert And Herbert Pharmacy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Herbert And Herbert Pharmacy Limited. You consider that Herbert And Herbert Pharmacy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Herbert And Herbert Pharmacy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

21st May 2026