Gibson Pharmacy Limited - Filleted accounts

Registered number

07457952

Gibson Pharmacy Limited

Filleted Accounts

31 January 2026

Gibson Pharmacy Limited
Registered number:		07457952
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		38,384			153,540
Tangible assets	4		85,302			98,723
Investments	5		1,296,092			1,296,092
			1,419,778			1,548,355

Current assets
Stocks		109,313			119,811
Debtors	6	196,216			218,181
Cash at bank and in hand		102,589			113,689
		408,118			451,681

Creditors: amounts falling due within one year	7	(1,186,777)			(1,126,163)

Net current liabilities			(778,659)			(674,482)

Total assets less current liabilities			641,119			873,873

Creditors: amounts falling due after more than one year	8		(1,250,000)			(1,400,000)

Net liabilities			(608,881)			(526,127)

Capital and reserves
Called up share capital			2			2
Profit and loss account			(608,883)			(526,129)

Shareholders' funds			(608,881)			(526,127)

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.




SE Bargh
Director
Approved by the board on 15 October 2026

Gibson Pharmacy Limited
Notes to the Accounts
for the year ended 31 January 2026


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:

	Leasehold land and buildings			over the lease term
	Plant and machinery			25% on cost
	Fixtures, fittings, tools and equipment			15% on cost
	Motor vehicles			25% on cost

	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.

	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.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					19		19


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 February 2025							2,518,268
	At 31 January 2026							2,518,268

	Amortisation
	At 1 February 2025							2,364,728
	Provided during the year							115,156
	At 31 January 2026							2,479,884

	Net book value
	At 31 January 2026							38,384
	At 31 January 2025							153,540

	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		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2025	297,507		174,281		11,999		483,787
	Additions	-		2,250		-		2,250
	At 31 January 2026	297,507		176,531		11,999		486,037

	Depreciation
	At 1 February 2025	202,760		173,303		9,001		385,064
	Charge for the year	11,901		772		2,998		15,671
	At 31 January 2026	214,661		174,075		11,999		400,735

	Net book value
	At 31 January 2026	82,846		2,456		-		85,302
	At 31 January 2025	94,747		978		2,998		98,723


5	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 February 2025							1,296,092

	At 31 January 2026							1,296,092


6	Debtors					2026		2025
£							£

	Trade debtors					145,319		161,319
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					16,065		16,065
	Other debtors					34,832		40,797
						196,216		218,181


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

	Trade creditors					228,783		264,430
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					376,999		252,214
	Taxation and social security costs					18,897		21,226
	Other creditors					562,098		588,293
						1,186,777		1,126,163


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

	Other creditors					1,250,000		1,400,000


9	Loans					2026		2025
£							£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years					500,000		500,000


10	Controlling party

	The company's ultimate controlling party are the directors.


11	Other information

	Gibson Pharmacy Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Undercliffe Health Care Centre
	Lowther Street
	Bradford
	BD2 4RA