BrightAccountsProduction v1.0.0 v1.0.0 2024-11-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of retail pharmacy. 30 January 2026 18 18 NI032720 2025-09-30 NI032720 2024-10-31 NI032720 2023-10-31 NI032720 2024-11-01 2025-09-30 NI032720 2023-11-01 2024-10-31 NI032720 uk-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-09-30 NI032720 uk-curr:PoundSterling 2024-11-01 2025-09-30 NI032720 uk-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-09-30 NI032720 uk-bus:FullAccounts 2024-11-01 2025-09-30 NI032720 uk-bus:CompanySecretaryDirector1 2024-11-01 2025-09-30 NI032720 uk-bus:Director2 2024-11-01 2025-09-30 NI032720 uk-bus:CompanySecretary1 2024-11-01 2025-09-30 NI032720 uk-bus:RegisteredOffice 2024-11-01 2025-09-30 NI032720 uk-bus:Agent1 2024-11-01 2025-09-30 NI032720 uk-core:ShareCapital 2025-09-30 NI032720 uk-core:ShareCapital 2024-10-31 NI032720 uk-core:RetainedEarningsAccumulatedLosses 2025-09-30 NI032720 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 NI032720 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-09-30 NI032720 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-10-31 NI032720 uk-bus:FRS102 2024-11-01 2025-09-30 NI032720 uk-core:Goodwill 2024-11-01 2025-09-30 NI032720 uk-core:FurnitureFittingsToolsEquipment 2024-11-01 2025-09-30 NI032720 uk-core:Goodwill 2024-10-31 NI032720 uk-core:Goodwill 2025-09-30 NI032720 uk-core:CurrentFinancialInstruments 2025-09-30 NI032720 uk-core:CurrentFinancialInstruments 2024-10-31 NI032720 uk-core:WithinOneYear 2025-09-30 NI032720 uk-core:WithinOneYear 2024-10-31 NI032720 uk-core:OtherMiscellaneousReserve 2024-10-31 NI032720 uk-core:OtherMiscellaneousReserve 2024-11-01 2025-09-30 NI032720 uk-core:AcceleratedTaxDepreciationDeferredTax 2025-09-30 NI032720 uk-core:TaxLossesCarry-forwardsDeferredTax 2025-09-30 NI032720 uk-core:OtherDeferredTax 2025-09-30 NI032720 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2025-09-30 NI032720 uk-core:OtherMiscellaneousReserve 2025-09-30 NI032720 2024-11-01 2025-09-30 NI032720 uk-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-09-30 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: NI032720

B & D Associates Limited

Unaudited Financial Statements

for the financial period ended 30 September 2025

B & D Associates Limited

DIRECTORS AND OTHER INFORMATION

Directors | Mr. Damien McGrath
| Mrs. Kathryn McGrath
Company Secretary | Mr. Damien McGrath
Company Registration Number | NI032720
Registered Office | 182 Anderstown Road
| Belfast
| BT11 9BZ
Business Address | 91/93 Glen Road
| Belfast
| BT11 8BD
Accountants | Muldoon
| 16 Mount Charles
| Belfast
| BT7 1NZ

B & D Associates Limited

Company Registration Number: NI032720

BALANCE SHEET

as at 30 September 2025

|  |  | Sep 25 |  | Oct 24
|  | Notes | £ |  | £
Fixed Assets

Intangible assets |  | 5 | 7,954 |  | 95,434
Tangible assets |  | 6 | 4,477 |  | 8,623
Investments |  |  | - |  | 1
|  |  | ───────── |  | ─────────
Fixed Assets |  |  | 12,431 |  | 104,058
|  |  | ───────── |  | ─────────
Current Assets

Stocks |  | 7 | 121,131 |  | 99,933
Debtors |  | 8 | 620,580 |  | 665,735
Cash and cash equivalents |  |  | 94,348 |  | 52,287
|  |  | ───────── |  | ─────────
|  |  | 836,059 |  | 817,955
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 10 | (139,041) |  | (144,134)
|  |  | ───────── |  | ─────────
Net Current Assets |  |  | 697,018 |  | 673,821
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 709,449 |  | 777,879
Provisions for liabilities |  | 12 | - |  | (2,157)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 709,449 |  | 775,722
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 2 |  | 2
Retained earnings |  |  | 709,447 |  | 775,720
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | 709,449 |  | 775,722
|  |  | ═════════ |  | ═════════
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.

For the financial period ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.

Approved by the Board and authorised for issue on 30 January 2026 and signed on its behalf by

________________________________ |  |  |  |  |
Mr. Damien McGrath |  |  |  |  |
Director |  |  |  |  |

B & D Associates Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial period ended 30 September 2025

1. | General Information
| B & D Associates Limited is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 182 Anderstown Road, Belfast, BT11 9BZ which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the year ended 30 September 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
| Goodwill
| Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Fixtures, fittings and equipment | - | 15% Reducing Balance
| Investments
| Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the year in which it is receivable.
| Current asset investments are stated at the lower of cost and net realisable value.
| Stocks
| Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Provisions
| Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Employee benefits
| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Period of financial statements
| The financial statements are for the 11 month period ended 30 September 2025.

4. | Employees
| The average monthly number of employees, including directors, during the financial period was:
|  | Sep 25 | Oct 24
|  | Number | Number
| Employees | 18 | 18
|  | ═════════ | ═════════

5. | Intangible assets
|  | Goodwill | Total
|  | £ | £
| Cost
| At 1 November 2024 | 1,394,706 | 1,394,706
|  | ───────── | ─────────
| At 30 September 2025 | 1,394,706 | 1,394,706
|  | ───────── | ─────────
| Amortisation
| At 1 November 2024 | 1,299,272 | 1,299,272
| Charge for financial period | 87,480 | 87,480
|  | ───────── | ─────────
| At 30 September 2025 | 1,386,752 | 1,386,752
|  | ───────── | ─────────
| Net book value
| At 30 September 2025 | 7,954 | 7,954
|  | ═════════ | ═════════
| At 31 October 2024 | 95,434 | 95,434
|  | ═════════ | ═════════

6. | Tangible assets
|  | Fixtures, | Total
|  | fittings and |
|  | equipment |
|  | £ | £
| Cost
| At 1 November 2024 | 75,671 | 75,671
| Disposals | (15,581) | (15,581)
|  | ───────── | ─────────
| At 30 September 2025 | 60,090 | 60,090
|  | ───────── | ─────────
| Depreciation
| At 1 November 2024 | 67,048 | 67,048
| Charge for the financial period | 714 | 714
| On disposals | (12,149) | (12,149)
|  | ───────── | ─────────
| At 30 September 2025 | 55,613 | 55,613
|  | ───────── | ─────────
| Net book value
| At 30 September 2025 | 4,477 | 4,477
|  | ═════════ | ═════════
| At 31 October 2024 | 8,623 | 8,623
|  | ═════════ | ═════════

7. | Stocks | Sep 25 | Oct 24
|  | £ | £
| Finished goods and goods for resale | 121,131 | 99,933
|  | ═════════ | ═════════
| The replacement cost of stock did not differ significantly from the figures shown.

8. | Debtors | Sep 25 | Oct 24
|  | £ | £
| Trade debtors | 139,233 | 151,194
| Directors' current accounts | 404,263 | 459,906
| Taxation (Note 11) | 71,904 | 49,455
| Prepayments and accrued income | 5,180 | 5,180
|  | ───────── | ─────────
|  | 620,580 | 665,735
|  | ═════════ | ═════════

9. | Investments | Sep 25 | Oct 24
|  | £ | £
| Other unlisted investments | - | 595
|  | ═════════ | ═════════

10. | Creditors | Sep 25 | Oct 24
| Amounts falling due within one year | £ | £
| Trade creditors | 116,755 | 124,572
| Taxation (Note 11) | 6,315 | 9,211
| Other creditors | 6,001 | 1
| Accruals:
| Pension accrual | 4,854 | 3,734
| Other accruals | 5,116 | 6,616
|  | ───────── | ─────────
|  | 139,041 | 144,134
|  | ═════════ | ═════════

11. | Taxation | Sep 25 | Oct 24
|  | £ | £
| Debtors:
| VAT | 17,898 | -
| Corporation tax | 54,006 | 49,455
|  | ───────── | ─────────
|  | 71,904 | 49,455
|  | ═════════ | ═════════
| Creditors:
| VAT | - | 5,322
| PAYE / NI | 6,315 | 3,889
|  | ───────── | ─────────
|  | 6,315 | 9,211
|  | ═════════ | ═════════

12. | Provisions for liabilities
| The amounts provided for deferred taxation are analysed below:
|  | Capital | Total | Total
|  | allowances |  |
|  |  | Sep 25 | Oct 24
|  | £ | £ | £
| At financial period start | 2,157 | 2,157 | 2,537
| Charged to profit and loss | (2,157) | (2,157) | (380)
|  | ───────── | ───────── | ─────────
| At financial period end | - | - | 2,157
|  | ═════════ | ═════════ | ═════════

13. | Related party transactions
| During the year the directors paid off net loans of £55,643 (2024: received £111,122) of which £404,263 (2024: £459,906) remained outstanding at the balance sheet date. The loan is charged at 2.5% interest and repayable on demand.

14. | Post-Balance Sheet Events
| After the year end, the entire share capital of the company was sold. As this transaction occurred after the reporting date, it is classified as a non adjusting event. Accordingly, no adjustments have been made to the figures presented in these financial statements.