| PHARMACEE SERVICES LTD |
| Notes to the Accounts |
| for the year ended 31 May 2025 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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|
Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
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Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
9 |
|
8 |
|
|
|
|
|
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|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 June 2024 |
601,000 |
|
At 31 May 2025 |
601,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 June 2024 |
340,567 |
|
Provided during the year |
30,050 |
|
At 31 May 2025 |
370,617 |
|
|
|
|
|
|
|
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|
|
Net book value |
|
At 31 May 2025 |
230,383 |
|
At 31 May 2024 |
260,433 |
|
|
|
|
|
|
|
|
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Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years. |
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|
| 4 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 June 2024 |
27,086 |
|
51,980 |
|
79,066 |
|
Additions |
5,761 |
|
- |
|
5,761 |
|
At 31 May 2025 |
32,847 |
|
51,980 |
|
84,827 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2024 |
20,048 |
|
10,396 |
|
30,444 |
|
Charge for the year |
2,560 |
|
8,317 |
|
10,877 |
|
At 31 May 2025 |
22,608 |
|
18,713 |
|
41,321 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2025 |
10,239 |
|
33,267 |
|
43,506 |
|
At 31 May 2024 |
7,038 |
|
41,584 |
|
48,622 |
|
|
| 5 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 June 2024 |
20,000 |
|
Additions |
5,000 |
|
Disposals |
(10,500) |
|
|
At 31 May 2025 |
14,500 |
|
|
| 6 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
72,390 |
|
87,920 |
|
Amounts owed by associated undertakings |
|
225,000 |
|
225,000 |
|
Other debtors |
27,120 |
|
20,747 |
|
|
|
|
|
|
324,510 |
|
333,667 |
|
|
|
|
|
|
|
|
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|
| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
71,142 |
|
54,303 |
|
Corporation tax |
84,896 |
|
65,728 |
|
Other taxes and social security costs |
3,749 |
|
1,417 |
|
Other creditors |
250,524 |
|
250,295 |
|
|
|
|
|
|
410,311 |
|
371,743 |
|
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| 8 |
Other information |
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|
PHARMACEE SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
249 Ongar Road |
|
Brentwood |
|
Essex |
|
CM15 9DZ |