REGISTERED NUMBER: SC310515 (Scotland)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2025 TO 31 DECEMBER 2025

FOR

Lg Pharmacy Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Ali

A Ramzan

REGISTERED OFFICE:

476 St. Vincent Street

Glasgow

G3 8XU

REGISTERED NUMBER:

SC310515 (Scotland)

ACCOUNTANTS:

Burgoyne Carey

Chartered Accountants

Pavilion 2

3 Dava Street

Broomloan Road

Glasgow

G51 2JA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

239,295

81,815

239,295

81,815

CURRENT ASSETS

Stocks

65,000

68,925

Debtors

6

197,388

213,564

Cash at bank and in hand

443,687

176,120

706,075

458,609

CREDITORS

Amounts falling due within one year

7

(472,080

)

(234,488

)

NET CURRENT ASSETS

233,995

224,121

TOTAL ASSETS LESS CURRENT LIABILITIES

473,290

305,936

PROVISIONS FOR LIABILITIES

(23,074

)

(15,545

)

NET ASSETS

450,216

290,391

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

449,216

289,391

450,216

290,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2025 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 16 July 2026 and were signed on its behalf by:

G Ali - Director

1.	STATUTORY INFORMATION

Lg Pharmacy Ltd. is a private company, limited by shares , registered in Scotland. 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.

TURNOVER

Turnover represents amounts invoiced during the year net, exclusive of Value Added Tax.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

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 period 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 period 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company offers a defined contribution pension scheme to employees. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2025 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2025

and 31 December 2025

453,680

AMORTISATION

At 1 March 2025

and 31 December 2025

453,680

NET BOOK VALUE

At 31 December 2025

-

At 28 February 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2025

-

434,872

434,872

Additions

150,000

30,886

180,886

Disposals

-

(100,000

)

(100,000

)

At 31 December 2025

150,000

365,758

515,758

DEPRECIATION

At 1 March 2025

-

353,057

353,057

Charge for period

3,000

20,406

23,406

Eliminated on disposal

-

(100,000

)

(100,000

)

At 31 December 2025

3,000

273,463

276,463

NET BOOK VALUE

At 31 December 2025

147,000

92,295

239,295

At 28 February 2025

-

81,815

81,815

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2025

£

£

Trade debtors

175,702

174,297

Other debtors

21,686

39,267

197,388

213,564

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2025

£

£

Trade creditors

178,054

181,171

Amounts owed to associates

234,343

-

Taxation and social security

59,683

49,797

Other creditors

-

3,520

472,080

234,488

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is BNC Healthcare Limited.