Company No: 05709411 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Robert Michael Pitt

REGISTERED OFFICE	Neville Pharmacy
	6 Neville Parade
	Newton Aycliffe Durham
	DL5 5DH
	United Kingdom

COMPANY NUMBER

05709411 (England and Wales)

ACCOUNTANT	S&W Partners Newcastle Limited
	17 Queens Lane
	Newcastle
	NE1 1RN

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	18,082		49,082
Tangible assets	4	73,187		79,364
Investments	5	50		50
		91,319		128,496
Current assets
Stocks		96,067		92,743
Debtors	6	1,108,680		1,126,093
Cash at bank and in hand		72,200		49,694
		1,276,947		1,268,530
Creditors: amounts falling due within one year	7	( 741,274)		( 677,255)
Net current assets		535,673		591,275
Total assets less current liabilities		626,992		719,771
Creditors: amounts falling due after more than one year	8	( 622,921)		( 719,437)
Provision for liabilities		( 18,296)		( 10,577)
Net liabilities		( 14,225)		( 10,243)
Capital and reserves
Called-up share capital		1		1
Profit and loss account		( 14,226 )		( 10,244 )
Total shareholders' deficit		( 14,225)		( 10,243)

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Robert and Roberts Limited (registered number: 05709411) were approved and authorised for issue by the Director on 15 October 2026. They were signed on its behalf by:

Robert Michael Pitt Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Robert and Roberts Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Neville Pharmacy, 6 Neville Parade, Newton Aycliffe Durham, DL5 5DH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Robert and Roberts Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue arising from the provision of services is recognised by reference to the stage of completion as follows:
When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

20 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	10 years straight line
Vehicles	25 % reducing balance
Fixtures and fittings	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	24		25

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 February 2025	619,998		619,998
At 31 January 2026	619,998		619,998
Accumulated amortisation
At 01 February 2025	570,916		570,916
Charge for the financial year	31,000		31,000
At 31 January 2026	601,916		601,916
Net book value
At 31 January 2026	18,082		18,082
At 31 January 2025	49,082		49,082

4. Tangible assets

	Leasehold improve- ments		Vehicles		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 February 2025	6,036		91,750		210,868		308,654
Additions	0		0		9,987		9,987
Disposals	0		0		( 703)		( 703)
At 31 January 2026	6,036		91,750		220,152		317,938
Accumulated depreciation
At 01 February 2025	6,034		62,294		160,962		229,290
Charge for the financial year	0		7,365		8,202		15,567
Disposals	0		0		( 106)		( 106)
At 31 January 2026	6,034		69,659		169,058		244,751
Net book value
At 31 January 2026	2		22,091		51,094		73,187
At 31 January 2025	2		29,456		49,906		79,364

5. Fixed asset investments

Investments in subsidiaries

	2026
	£
Cost
At 01 February 2025	50
At 31 January 2026	50
Carrying value at 31 January 2026	50
Carrying value at 31 January 2025	50

6. Debtors

	2026		2025
	£		£
Trade debtors	305,147		322,802
Amounts owed by connected companies	366,752		376,327
Corporation tax	128,103		135,532
Other debtors	308,678		291,432
	1,108,680		1,126,093

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	83,467		89,300
Trade creditors	524,460		426,989
Amounts owed to connected companies	4,209		29,209
Taxation and social security	99,639		105,380
Obligations under finance leases and hire purchase contracts	11,020		13,408
Other creditors	18,479		12,969
	741,274		677,255

8. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans (secured)	622,921		710,506
Obligations under finance leases and hire purchase contracts (secured)	0		8,931
	622,921		719,437

The finance lease creditor is secured against the assets to which they relate and have a carrying value of £17,478 (2025 - £23,304).

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2026		2025
	£		£
Within one year	9,957		9,957
Between one and five years	0		9,957
	9,957		19,914

10. Related party transactions

Other related party transactions

	2026		2025
	£		£
Balance outstanding at start of year	231,439		194,294
Amounts advanced	92,817		77,145
Amounts repaid	(79,031)		(40,000)
Balance outstanding at end of year	245,225		231,439

This loan attracts interest at 2.25% and is repayable on demand and unsecured