REGISTERED NUMBER: 08195405 (England and Wales)

Financial Statements for the Year Ended 31 January 2026

for

Pharmcare Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D S Brash

Mrs K K Mudhar

REGISTERED OFFICE:

Mitchell's Chemist

88 New Road Side

Horsforth

Leeds

West Yorkshire

LS18 4QB

REGISTERED NUMBER:

08195405 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Intangible assets

4

90,085

135,126

Tangible assets

5

7,287

4,658

97,372

139,784

CURRENT ASSETS

Stocks

130,461

131,984

Debtors

6

217,785

192,060

Cash at bank and in hand

104,948

108,787

453,194

432,831

CREDITORS

Amounts falling due within one year

7

262,391

315,604

NET CURRENT ASSETS

190,803

117,227

TOTAL ASSETS LESS CURRENT LIABILITIES

288,175

257,011

PROVISIONS FOR LIABILITIES

1,467

748

NET ASSETS

286,708

256,263

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

286,608

256,163

SHAREHOLDERS' FUNDS

286,708

256,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2026 and were signed on its behalf by:

D S Brash - Director

Mrs K K Mudhar - Director

1.	STATUTORY INFORMATION

Pharmcare Limited is a private company, limited by shares , registered in England and Wales. 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 comprises the value of sales (excluding VAT, similar taxes and trade discounts) of goods and services provided in the normal course of business. Counter sales and prescriptions are recognised when the goods are dispensed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013 and the directors have estimated the useful life to be fifteen years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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 operates a defined contribution pension scheme. Contributions payable to the company's 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 year was 16 (2025 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

675,603

AMORTISATION

At 1 February 2025

540,477

Charge for year

45,041

At 31 January 2026

585,518

NET BOOK VALUE

At 31 January 2026

90,085

At 31 January 2025

135,126

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2025

14,610

3,346

17,956

Additions

3,600

400

4,000

At 31 January 2026

18,210

3,746

21,956

DEPRECIATION

At 1 February 2025

9,952

3,346

13,298

Charge for year

1,239

132

1,371

At 31 January 2026

11,191

3,478

14,669

NET BOOK VALUE

At 31 January 2026

7,019

268

7,287

At 31 January 2025

4,658

-

4,658

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

162,971

126,290

Other debtors

54,814

65,770

217,785

192,060

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

4,167

14,167

Trade creditors

173,901

209,218

Taxation and social security

62,985

59,872

Other creditors

21,338

32,347

262,391

315,604

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.1.26

31.1.25

£

£

Within one year

26,324

23,924

Between one and five years

32,300

49,300

58,624

73,224

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank loans

4,167

14,167

The loans are secured via a debenture from Santander UK PLC over all the company's assets and undertakings. Santander UK PLC hold a first legal mortgage over the leasehold property and a subordination/priority deed over all other lenders to the company.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

£

D S Brash

Balance outstanding at start of year

-

7,782

Amounts advanced

9,856

56,074

Amounts repaid

(9,856

)

(63,856

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mrs K K Mudhar

Balance outstanding at start of year

1,681

9,596

Amounts advanced

10,000

56,085

Amounts repaid

(11,681

)

(64,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,681

The directors have given a personal guarantee to the bank limited to £200,000.