REGISTERED NUMBER: 15478414 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

Countdown Discount Drugstores Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Byrne

L E Byrne

REGISTERED OFFICE:

44 Yarborough Crescent

Lincoln

LN1 3LU

REGISTERED NUMBER:

15478414 (England and Wales)

ACCOUNTANTS:

ABC Accounting Services

1 Willoughton Place

Wharton Close

Gainsborough

Lincolnshire

DN21 1EB

FIXED ASSETS

Intangible assets

4

4,118

4,632

Tangible assets

5

27,892

32,810

32,010

37,442

CURRENT ASSETS

Stocks

69,755

66,145

Cash at bank and in hand

12,888

6,056

82,643

72,201

CREDITORS

Amounts falling due within one year

6

53,251

47,402

NET CURRENT ASSETS

29,392

24,799

TOTAL ASSETS LESS CURRENT LIABILITIES

61,402

62,241

CREDITORS

Amounts falling due after more than one year

7

(44,107

)

(56,535

)

PROVISIONS FOR LIABILITIES

(5,299

)

-

NET ASSETS

11,996

5,706

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

11,994

5,704

11,996

5,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 2 July 2026 and were signed on its behalf by:

M J Byrne - Director

1.	STATUTORY INFORMATION

Countdown Discount Drugstores 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 accounts show net liabilities at the balance sheet date. The directors have reviewed the financial state of the company and are willing to continue to support it financially. The accounts are therefore prepared on a going concern basis.

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 2024, is being amortised evenly over its estimated useful life of ten 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.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2025

and 28 February 2026

5,147

AMORTISATION

At 1 March 2025

515

Amortisation for year

514

At 28 February 2026

1,029

NET BOOK VALUE

At 28 February 2026

4,118

At 28 February 2025

4,632

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2025

40,589

509

41,098

Additions

1,283

1,079

2,362

At 28 February 2026

41,872

1,588

43,460

DEPRECIATION

At 1 March 2025

8,118

170

8,288

Charge for year

6,751

529

7,280

At 28 February 2026

14,869

699

15,568

NET BOOK VALUE

At 28 February 2026

27,003

889

27,892

At 28 February 2025

32,471

339

32,810

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans and overdrafts

12,206

9,884

Other loans

10,077

11,243

Trade creditors

23,250

20,542

Tax

4,476

-

Social security and other taxes

686

688

VAT

1,951

549

Directors' current accounts

5

3,896

Accrued expenses

600

600

53,251

47,402

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans - 1-2 years

14,649

12,022

Bank loans - 2-5 years

29,458

44,513

44,107

56,535

8.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.26

28.2.25

£

£

Bank loans

56,313

66,419

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £28,650 were paid to the directors .