PILL_EXPRESS_LIMITED_28_Feb_2026_companies_house_set_of

		2026	2025
Fixed assets
Intangible assets	5	368,752		395,733
Tangible assets	6	19,360		24,812
		388,112		420,545
Current assets
Stocks		39,432		37,870
Debtors	7	83,970		73,028
Cash at bank and in hand		97,542		66,858
		220,944		177,756
Creditors: amounts falling due within one year	8	(104,596	)	(92,666	)
Net current assets		116,348		85,090
Total assets less current liabilities		504,460		505,635
Creditors: amounts falling due after more than one year	9	(440,000	)	(510,000	)
Net assets/(liabilities)		64,460		(4,365	)
Capital and reserves
Called up share capital		2		2
Profit and loss account		64,458		(4,367	)
Shareholders funds/(deficit)		64,460		(4,365	)

PILL EXPRESS LIMITED

Notes to the Financial Statements

Year ended

28 February 2026

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

65 Gloucester Road

Barnet

EN5 1LZ

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.

Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill

6% Staight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment	25% reducing balance
Fixtures, fittings and equipment	25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received.

Government grants are recognised using the accrual model and the performance model.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was

(2025:

8.00

5 Intangible assets

	Goodwill
	£
Cost
At 1 March 2025 and 28 February 2026	449,697
Amortisation
At 1 March 2025	53,964
Charge	26,981
At 28 February 2026	80,945
Carrying amount
At 28 February 2026	368,752
At 28 February 2025	395,733

6 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 March 2025	43,500
Additions	1,000
At 28 February 2026	44,500
Depreciation
At 1 March 2025	18,688
Charge	5,667
Disposals	785
At 28 February 2026	25,140
Carrying amount
At 28 February 2026	19,360
At 28 February 2025	24,812

7 Debtors

	2026	2025
	£	£
Trade debtors	62,125	51,183
Other debtors	21,845	21,845
	83,970	73,028

The debtors above include the following amounts falling due after more than one year:

	2026	2025
	£	£
Trade debtors	62,125	51,183
Other debtors	21,845	21,845
	83,970	73,028

8 Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	71,234	80,102
Taxation and social security	16,858	(3,650	)
Other creditors	16,504	16,214
	104,596	92,666

9 Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Other creditors	440,000		510,000



Mr Vijay Mistry	Mr Jitesh Popat
Director	Director

		2026		2025
	Note	£		£
Fixed assets
Intangible assets	5	368,752		395,733
Tangible assets	6	19,360		24,812
		388,112		420,545
Current assets
Stocks		39,432		37,870
Debtors	7	83,970		73,028
Cash at bank and in hand		97,542		66,858
		220,944		177,756
Creditors: amounts falling due within one year	8	(104,596	)	(92,666	)
Net current assets		116,348		85,090
Total assets less current liabilities		504,460		505,635
Creditors: amounts falling due after more than one year	9	(440,000	)	(510,000	)
Net assets/(liabilities)		64,460		(4,365	)
Capital and reserves
Called up share capital		2		2
Profit and loss account		64,458		(4,367	)
Shareholders funds/(deficit)		64,460		(4,365	)