TAFFS PHARMACY LTD


Director	HAQUE, Taffazzal


Registered Address	70 Wright Street
	Hull
	HU2 8JD


Registered Number	11430272 (England and Wales)

Notes to the Financial Statements
for the year ended 30 June 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	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.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	20
	Fixtures and fittings	20
	Vehicles	20

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	11		13

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 July 25	185,000	185,000
At 30 June 26	185,000	185,000
Amortisation and impairment
At 01 July 25	92,500	92,500
Charge for year	18,500	18,500
At 30 June 26	111,000	111,000
Net book value
At 30 June 26	74,000	74,000
At 30 June 25	92,500	92,500

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 July 25	475,937	242,858	3,450	27,960	750,205
Additions	-	34,798	-	17,488	52,286
At 30 June 26	475,937	277,656	3,450	45,448	802,491
Depreciation and impairment
At 01 July 25	9,198	50,078	-	9,250	68,526
Charge for year	-	-	690	8,787	9,477
At 30 June 26	9,198	50,078	690	18,037	78,003
Net book value
At 30 June 26	466,739	227,578	2,760	27,411	724,488
At 30 June 25	466,739	192,780	3,450	18,710	681,679

5.	Stocks

	2026	2025
	£	£
Finished goods	41,000	40,000
Total	41,000	40,000

6.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	11,355	16,034
Other debtors	196,616	71,249
Prepayments and accrued income	139	-
Total	208,110	87,283

7.	Debtors: amounts due after one year

	2026	2025
	£	£
Other debtors	12,640	-
Total	12,640	-


	Included within other debtors is an amount receivable from the director of £12,614 (2025: £608 in bank borrowings and overdrafts)

8.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	256,763	157,092
Taxation and social security	20,667	31,537
Other creditors	10	-
Accrued liabilities and deferred income	60,000	-
Total	337,440	188,629

9.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	564,485	602,102
Total	564,485	602,102

10.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
HAQUE, Taffazzal	0	64,265	51,651	12,614
Directors Loan Account
	0	64,265	51,651	12,614

11.	Share capital
	1 ordinary share

12.	Related party transactions
	During the year, the Company entered into transactions with related parties, being entities under common control, including Taff's Pharmacy Brigg and The Nova Healthcare Clinic Ltd . At the year end, amounts due from the related parties comprised £105,592 (2025: £2,280) 2026 £105,378 from Taff's Pharmacy Brigg and £214 (2025:£Nil) from The Nova Healthcare Clinic Ltd. These balances are unsecured, interest-free and repayable on demand.

12.

Related party transactions

During the year, the Company entered into transactions with related parties, being entities under common control, including Taff's Pharmacy Brigg and The Nova Healthcare Clinic Ltd .

At the year end, amounts due from the related parties comprised £105,592 (2025: £2,280) 2026 £105,378 from Taff's Pharmacy Brigg and £214 (2025:£Nil) from The Nova Healthcare Clinic Ltd.

These balances are unsecured, interest-free and repayable on demand.

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		74,000		92,500
Tangible assets	4		724,488		681,679
			798,488		774,179
Current assets
Stocks	5	41,000		40,000
Debtors	6,7	220,750		87,283
Cash at bank and on hand		172,945		169,120
		434,695		296,403
Creditors amounts falling due within one year	8	(337,440)		(188,629)
Net current assets (liabilities)			97,255		107,774
Total assets less current liabilities			895,743		881,953
Creditors amounts falling due after one year	9		(564,485)		(602,102)
Net assets			331,258		279,851
Capital and reserves
Called up share capital			1		1
Profit and loss account			331,257		279,850
Shareholders' funds			331,258		279,851