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Company Registration No. NI669202 (Northern Ireland)
D BUTLER HEALTHCARE LTD
Financial Statements
for the Period from 01 February 2025 to 31 January 2026

D BUTLER HEALTHCARE LTD

Financial Statements for the period ending 31 January 2026

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
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D BUTLER HEALTHCARE LTD

Financial Statements for the period ending 31 January 2026

Company Information

Company Details
Company Number NI669202
Registered Office 63 PREHEN PARK
WATERSIDE
LONDONDERRY
BT47 2PA
Directors
Directors who held office during the period were:
Lisa Claire JOYNSON   
Mark JOYNSON   
Harriet Lois MOSEY   
Mark James MOSEY   
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D BUTLER HEALTHCARE LTD

Financial Statements for the period ending 31 January 2026

Statement of Financial Position

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Notes 2026 2025
£ £
Fixed Assets
Intangible assets 5 514,468 380,781
Tangible assets 6 139,972 3,428
Current Assets
Stocks 125,171 44,736
Debtors due 7 318,732 329,198
Cash at bank and in hand - 99,842
443,903 473,776
Creditors
Amount falling due within one year 8 (725,381) (506,274)
Net Current Assets (281,478) (32,498)
Total Assets less current liabilities 372,962 351,711
Provision for liabilities (27,063) -
Net Assets 345,899 351,711
Capital and Reserves
Called up Share Capital 2 2
Retained earnings at end of year 345,897 351,709
Shareholder funds 345,899 351,711
For the year ending 31/01/2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 25 October 2026
Mark Joynson
Company Registration No. NI669202
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D BUTLER HEALTHCARE LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

1. Statutory Information
D BUTLER HEALTHCARE LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI669202.
2. Accounting Policies
Basis of preparing the Financial Statements
D Butler Healthcare Ltd is a private company limited by shares, incorporated and registered in Northern Ireland (registered number NI669202).The accounts have been prepared in accordance with FRS 102 Section 1A Small Entities and the Companies Act 2006, under the historical cost convention. The accounts are presented in pounds sterling, rounded to the nearest pound.The company's immediate and ultimate parent undertaking is Mosey Joynson Group Ltd, a company registered in England and Wales, which has taken advantage of the small groups exemption from preparing consolidated accounts.Going concernThe directors have reviewed forecasts covering at least twelve months from the date of approval of these accounts. The company generates positive operating cash flows and has access to bank facilities, and the directors have a reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. The accounts have therefore been prepared on the going concern basis.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover represents amounts receivable for goods and services provided, excluding value added tax. NHS income, comprising reimbursement of drug costs, dispensing fees and service payments, is recognised in the period in which prescriptions are dispensed or services are provided, and amounts not yet received at the year end are included in trade debtors. Retail sales are recognised at the point of sale. Private services income is recognised when the service is performed.
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D BUTLER HEALTHCARE LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

Current Tax
Tax is recognised in profit or loss, except to the extent that it relates to items recognised directly in equity. Current tax is calculated using the tax rates and laws enacted or substantively enacted at the balance sheet date.The tax charge for the year comprises UK corporation tax on taxable profits, a payment to the parent undertaking for group relief surrendered, an adjustment in respect of the prior year, and a deferred tax charge.
Tangible Fixed Asset Policy
Tangible fixed assets are measured at cost less accumulated depreciation and impairment. Depreciation is provided on a straight-line basis to write off the cost of each asset, less its estimated residual value, over its useful economic life as follows:- Leasehold improvements – 10 years- Plant and machinery – 5 years, or the asset's remaining useful life where acquired second-hand- Fixtures and fittings – 10 years- Computer equipment – 5 yearsLeasehold improvements comprise the refit of one of the company's pharmacy premises.
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D BUTLER HEALTHCARE LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

Intangible Asset Policy
Goodwill arising on the acquisition of pharmacy businesses represents the excess of the cost of acquisition over the fair value of the net assets acquired. It is measured at cost less accumulated amortisation and impairment, and is amortised on a straight-line basis over its estimated useful life of 10 years. Goodwill is reviewed for impairment where there is an indication that its carrying amount may not be recoverable.Additions in the year relate to the acquisition of a pharmacy business, including directly attributable acquisition costs.
Stock
Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow-moving items. Cost is based on the most recent purchase price, which approximates to cost. Stock at the year end was determined by physical stock counts at each branch.
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, measured using the tax rates expected to apply when the timing differences reverse. Deferred tax assets are recognised only to the extent that it is probable they will be recovered.The deferred tax provision arises from capital allowances in excess of depreciation on tangible fixed assets.
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D BUTLER HEALTHCARE LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2026 24
2025 12
4. Principal Activity
The principal activity of the company is the operation of community pharmacies, trading as MoJo Pharmacy. The company is a wholly owned subsidiary of Mosey Joynson Group Ltd.
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D BUTLER HEALTHCARE LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

5. Intangible Assets
Goodwill Other Total
Cost £ £ £
At 01/02/2025 525,000 - 525,000
Additions 198,129 - 198,129
Disposals - - -
Revaluations - - -
At 31/01/2026 723,129 - 723,129
Amortisation
At 01/02/2025 144,219 - 144,219
Charge for the Year 64,442 - 64,442
On Disposals - - -
Other increases/(decreases) - - -
At end of period 208,661 - 208,661
Net book value
At 31/01/2026 514,468 - 514,468
At 31/01/2025 380,781 - 380,781
6. Fixed Assets
Land and buildings Plant and Machinery Fixtures and Fittings Computer Equipment Total
Cost or valuation £ £ £ £ £
At 01/02/2025 - - 3,740 - 3,740
Additions 94,200 45,022 11,344 2,842 153,408
At 31/01/2026 94,200 45,022 15,084 2,842 157,148
Depreciation
At 01/02/2025 - - 312 - 312
Charge for the year 8,623 5,878 1,958 405 16,864
At 31/01/2026 8,623 5,878 2,270 405 17,176
Net Book Value
At 31/01/2026 85,577 39,144 12,814 2,437 139,972
At 31/01/2025 - - 3,428 - 3,428
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D BUTLER HEALTHCARE LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

7. Debtors
2026 2025
£ £
Trade debtors 279,292 175,931
Other debtors 36,940 153,267
Prepayment and accrued income 2,500 -
318,732 329,198
Debtors Notes
Trade and other debtors are basic financial instruments and are measured at the undiscounted amount receivable, less any provision for impairment. Trade debtors consist mainly of amounts due from the NHS Business Services Authority for prescriptions dispensed, which are settled in arrears.
8. Creditors: amount falling due within one year
2026 2025
£ £
Bank Loans and other overdrafts 198,565 202,981
Trade Creditors 261,452 182,117
Corporation Tax 49,487 73,030
Other tax and social security 8,340 8,235
Other Creditors 175,037 7,072
Accruals and deferred income 32,500 32,839
725,381 506,274
Creditors Due within one year
Bank loans and overdrafts include a secured overdraft of £130,127. The overdraft is secured by a debenture containing fixed and floating charges over all of the property and undertaking of the company, and by a legal charge over a leasehold property occupied by the company.Other creditors include amounts owed to the parent undertaking, which are unsecured and repayable on demand.
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D BUTLER HEALTHCARE LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

12. Creditors: amount falling due after one year
2026 2025
£ £
- -
Provision for liabilities 27,063 -
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D BUTLER HEALTHCARE LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

9. Guarantees and Financial Commitments
The company has given a cross guarantee in favour of its bankers in respect of the bank borrowings of its parent undertaking under a term loan facility of £1,140,000. The guarantee is supported by the debenture and legal charge over the company's assets described in the creditors note. The directors do not expect any loss to arise under this guarantee. Total commitments under non-cancellable operating leases, principally in respect of pharmacy premises, amounted to £592,000 (2025: £120,000).
10. Post Balance Sheet Events
After the year end the company acquired the trade and assets of a further pharmacy business. The acquisition was funded through an intercompany loan from the parent undertaking, which drew down an additional secured bank facility.The company also entered into a secured term loan to fund the purchase of replacement dispensing equipment, and its cross guarantee in favour of its bankers extends to the parent undertaking's additional facility.None of these events is reflected in these accounts.
11. Additional Notes
Related party transactionsThe company has taken advantage of the exemption in FRS 102 Section 33 not to disclose transactions with other wholly owned members of the group. Amounts owed to the parent undertaking at the year end are included in other creditors.Controlling partyThe company's immediate and ultimate parent undertaking is Mosey Joynson Group Ltd, a company registered in England and Wales.
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