PILLHUB LTD - Filleted accounts

Registered number

12236433

PILLHUB LTD

Filleted Accounts

31 October 2025

PILLHUB LTD
Registered number:		12236433
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		667,313			741,170
Tangible assets	4		451,102			456,839
Investments	5		498,468			427,691
			1,616,883			1,625,700

Current assets
Stocks		79,337			77,837
Debtors	6	410,516			452,283
Cash at bank and in hand		555,433			380,302
		1,045,286			910,422

Creditors: amounts falling due within one year	7	(856,498)			(674,852)

Net current assets			188,788			235,570

Total assets less current liabilities			1,805,671			1,861,270

Creditors: amounts falling due after more than one year	8		(1,172,441)			(1,255,285)

Provisions for liabilities			(2,922)			(3,902)


Net assets			630,308			602,083

Capital and reserves
Called up share capital			100			100
Profit and loss account			630,208			601,983

Shareholders' funds			630,308			602,083

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dr A Al Nagar
Director
Approved by the board on 17 July 2026

PILLHUB LTD
Notes to the Accounts
for the year ended 31 October 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).

	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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	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:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	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.

	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.

	Debtors
	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.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	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			30		15


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 November 2024					926,000
	Additions					20,825
	At 31 October 2025					946,825

	Amortisation
	At 1 November 2024					184,830
	Provided during the year					94,682
	At 31 October 2025					279,512

	Net book value
	At 31 October 2025					667,313
	At 31 October 2024					741,170

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 November 2024	450,000		25,985		475,985
	Additions	-		6,574		6,574
	At 31 October 2025	450,000		32,559		482,559

	Depreciation
	At 1 November 2024	4,500		14,646		19,146
	Charge for the year	4,500		7,811		12,311
	At 31 October 2025	9,000		22,457		31,457

	Net book value
	At 31 October 2025	441,000		10,102		451,102
	At 31 October 2024	445,500		11,339		456,839


5	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 November 2024					427,691
	Additions					70,777

	At 31 October 2025					498,468


6	Debtors			2025		2024
£					£

	Trade debtors			319,225		307,225
	Other debtors			91,291		145,058
				410,516		452,283


7	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			592,072		505,054
	Taxation and social security costs			109,221		63,660
	Other creditors			155,205		106,138
				856,498		674,852


8	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			1,172,441		1,255,285


9	Other information

	PILLHUB LTD is a private company limited by shares and incorporated in England. Its registered office is:
	186-188 Uxbridge Road
	Feltham
	TW13 5DY