Southcote Pharmacy Limited - Filleted accounts

Registered number

05209797

Southcote Pharmacy Limited

Unaudited Filleted Accounts

28 February 2026

Southcote Pharmacy Limited
Registered number:		05209797
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		151,919			147,290

Current assets
Stocks		68,801			77,615
Debtors	5	137,106			118,886
Cash at bank and in hand		104,207			79,276
		310,114			275,777

Creditors: amounts falling due within one year	6	(318,104)			(261,395)

Net current (liabilities)/assets			(7,990)			14,382

Total assets less current liabilities			143,929			161,672

Creditors: amounts falling due after more than one year	7		-			(10,000)

Provisions for liabilities			(37,980)			(36,823)


Net assets			105,949			114,849

Capital and reserves
Called up share capital			100			100
Profit and loss account			105,849			114,749

Shareholders' funds			105,949			114,849

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.




Mrs R. Patel
Director
Approved by the board on 1 October 2026

Southcote Pharmacy Limited
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	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:

	Leasehold land and buildings	10% reducing balance
	Plant and machinery	25% reducing balance
	Fixtures, fittings, tools and equipment	25% reducing balance

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			8		8


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 March 2025					1,000,000
	At 28 February 2026					1,000,000

	Amortisation
	At 1 March 2025					1,000,000
	At 28 February 2026					1,000,000

	Net book value
	At 28 February 2026					-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.


4	Tangible fixed assets
		Leasehold improv.		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 March 2025	188,552		90,575		279,127
	Additions	13,512		11,972		25,484
	At 28 February 2026	202,064		102,547		304,611

	Depreciation
	At 1 March 2025	53,140		78,697		131,837
	Charge for the year	14,892		5,963		20,855
	At 28 February 2026	68,032		84,660		152,692

	Net book value
	At 28 February 2026	134,032		17,887		151,919
	At 28 February 2025	135,412		11,878		147,290


5	Debtors			2026		2025
£					£

	Trade debtors			103,007		89,804
	Other debtors			34,099		29,082
				137,106		118,886


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			11,128		10,000
	Trade creditors			160,445		155,562
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			126,575		87,157
	Taxation and social security costs			4,909		10,668
	Other creditors			15,047		(1,992)
				318,104		261,395


7	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			-		10,000


8	Controlling party

	The parent company of Southcote Pharmacy Ltd is NAAR Pharma Ltd and its registered office is 36 Coronation Square, Reading, RG30 3QN.


9	Other information

	Southcote Pharmacy Limited is a private company limited by shares and incorporated in England. Its registered office is:
	36 Coronation Square
	Reading
	RG30 3QN