Company Registration No. 06765827 (England and Wales)
Canons Pharmacy Limited
Unaudited accounts
for the year ended 31 May 2025
Canons Pharmacy Limited
Statement of financial position
as at 31 May 2025
Intangible assets
65,757
82,196
Tangible assets
8,917
10,036
Cash at bank and in hand
158,488
115,089
Creditors: amounts falling due within one year
(189,591)
(179,537)
Net current assets
241,777
158,444
Total assets less current liabilities
316,451
250,676
Creditors: amounts falling due after more than one year
(348,664)
(363,654)
Net liabilities
(32,213)
(112,978)
Called up share capital
100
100
Profit and loss account
(32,313)
(113,078)
Shareholders' funds
(32,213)
(112,978)
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 May 2026 and were signed on its behalf by
Mohammed Misba Uddin Ahmed Ali
Director
Company Registration No. 06765827
Canons Pharmacy Limited
Notes to the Accounts
for the year ended 31 May 2025
Canons Pharmacy Limited is a private company, limited by shares, registered in England and Wales, registration number 06765827. The registered office is 768 Lea Bridge Road, London, E17 9DN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 May 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Canons Pharmacy Limited
Notes to the Accounts
for the year ended 31 May 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill
Charge for the year
16,439
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2024
1,000
32,037
33,037
At 31 May 2025
1,000
32,986
33,986
At 1 June 2024
750
22,251
23,001
Charge for the year
50
2,018
2,068
At 31 May 2025
800
24,269
25,069
At 31 May 2025
200
8,717
8,917
At 31 May 2024
250
9,786
10,036
Amounts falling due within one year
Trade debtors
69,129
77,790
Amounts due from group undertakings etc.
28,000
-
Deferred tax asset
69,098
69,098
Accrued income and prepayments
2,500
2,500
Canons Pharmacy Limited
Notes to the Accounts
for the year ended 31 May 2025
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
155,425
142,842
Taxes and social security
29,270
-
8
Creditors: amounts falling due after more than one year
2025
2024
Amounts owed to group undertakings and other participating interests
348,664
363,654
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 4 (2024: 6).