Acorah Software Products - Accounts Production 19.2.450 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 SC293868 Neil Robinson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC293868 2025-03-31 SC293868 2026-03-31 SC293868 2025-04-01 2026-03-31 SC293868 frs-core:CurrentFinancialInstruments 2026-03-31 SC293868 frs-core:ComputerEquipment 2026-03-31 SC293868 frs-core:ComputerEquipment 2025-04-01 2026-03-31 SC293868 frs-core:ComputerEquipment 2025-03-31 SC293868 frs-core:FurnitureFittings 2025-04-01 2026-03-31 SC293868 frs-core:PlantMachinery 2026-03-31 SC293868 frs-core:PlantMachinery 2025-04-01 2026-03-31 SC293868 frs-core:PlantMachinery 2025-03-31 SC293868 frs-core:ShareCapital 2026-03-31 SC293868 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 SC293868 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 SC293868 frs-bus:SmallEntities 2025-04-01 2026-03-31 SC293868 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 SC293868 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 SC293868 1 2025-04-01 2026-03-31 SC293868 frs-bus:Director1 2025-04-01 2026-03-31 SC293868 frs-countries:Scotland 2025-04-01 2026-03-31 SC293868 2024-03-31 SC293868 2025-03-31 SC293868 2024-04-01 2025-03-31 SC293868 frs-core:CurrentFinancialInstruments 2025-03-31 SC293868 frs-core:ShareCapital 2025-03-31
Registered number: SC293868
Connel Pharmacy Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC293868
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,270 26,588
21,270 26,588
CURRENT ASSETS
Stocks 5 18,883 19,381
Debtors 6 99,940 78,107
Cash at bank and in hand 69,544 98,933
188,367 196,421
Creditors: Amounts Falling Due Within One Year 7 (204,513 ) (217,732 )
NET CURRENT ASSETS (LIABILITIES) (16,146 ) (21,311 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,124 5,277
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,125 ) (4,278 )
NET ASSETS 999 999
CAPITAL AND RESERVES
Called up share capital 8 999 999
SHAREHOLDERS' FUNDS 999 999
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Neil Robinson
Director
01/07/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Connel Pharmacy Limited is a private company, limited by shares, incorporated in Scotland, registered number SC293868 . The registered office is Ash Hill Lochandhu Road, Taynuilt, Oban, Argyll, PA37 1JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The presentation currency is £ Sterling.
The level of rounding is to the nearest £
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.6. Pensions
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2.7. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
2.8. Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
2.9. Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an   unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2025: 7)
7 7
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2025 37,081 7,978 45,059
As at 31 March 2026 37,081 7,978 45,059
Depreciation
As at 1 April 2025 15,272 3,199 18,471
Provided during the period 4,362 956 5,318
As at 31 March 2026 19,634 4,155 23,789
Net Book Value
As at 31 March 2026 17,447 3,823 21,270
As at 1 April 2025 21,809 4,779 26,588
5. Stocks
2026 2025
£ £
Stock 18,883 19,381
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6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 933 720
Other debtors 99,007 77,387
99,940 78,107
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 95,473 110,169
Amounts owed to group undertakings 76,067 80,403
Other creditors 5,892 5,384
Taxation and social security 27,081 21,776
204,513 217,732
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 999 999
9. Related Party Transactions
The company has availed of the exemption under FRS102 in relation to the disclosure of transactions with group undertakings.
10. Ultimate Controlling Party
The company is controlled by its parent company, Arranfern Limited, which owns 100% of the ordinary shares in the company
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