1.
General Information
AIM RX Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
10085603
. The registered office is Appleton Village Pharmacy, Appleton Village, Widnes, Cheshire, WA8 6EQ.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2.
Significant judgements and estimations
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future period.
2.3.
Turnover
2.3.
Turnover - continued
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Turnover represents amounts receivable from the dispensing of NHS and private prescriptions, the sale of pharmaceutical and retail products, and the provision of pharmacy and healthcare services, net of value added tax, discounts and rebates.
Revenue is recognised when control of the goods or services passes to the customer or when the Company becomes entitled to consideration for services provided. Revenue is measured at the fair value of consideration receivable.
Sale of goods
Revenue from the sale of pharmaceutical, healthcare and retail products is recognised at the point of sale when control of the goods passes to the customer.
Revenue from NHS prescription dispensing is recognised when prescriptions are dispensed. Amounts receivable from the NHS Business Services Authority in respect of prescriptions dispensed prior to the year end but not yet reimbursed are included within accrued income where recovery is considered probable and can be measured reliably.
Revenue from private prescriptions is recognised when the prescription is dispensed and supplied to the customer.
...CONTINUED
AIM RX Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
Rendering of services
Revenue from providing other pharmacy and clinical services is recognized in the period, the service is prepared and the clinical consultation is complete.
2.4.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
|
| Leasehold |
|
| Motor Vehicles |
|
| Fixtures & Fittings |
|
2.6.
Investments
Interests in associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the and loss account.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the Company holds a long-term interest and where the Company has significant influence.
2.7.
Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.8.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
Cost is determined using the weighted average purchase price.
AIM RX Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
2.9.
Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.10.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3.
Turnover
Analysis of turnover by class of business is as follows:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
|
|
|
|
|
|
|
|
|
|
| 16,971,255 | 16,521,659 | ||
AIM RX Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
4.
Other Operating Income
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Other operating income |
|
|
|
| 13,838 | 10,665 | ||
5.
Operating Profit
The operating profit is stated after charging:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Bad debts | - | 553 | |
| Depreciation of tangible fixed assets |
|
|
|
| Amortisation of intangible fixed assets | - |
|
|
6.
Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
|
|
|
7.
Staff Costs
Staff costs, including directors' remuneration, were as follows:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries |
|
|
|
| Social security costs |
|
|
|
| Other pension costs |
|
|
|
|
|
|
||
8.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2026 | 2025 | ||
|---|---|---|---|
| Office and administration |
|
|
|
| Sales, marketing and distribution |
|
|
|
|
|
|
||
AIM RX Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
9.
Directors' remuneration
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
|
|
|
10.
Interest Receivable and Similar Income
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Dividends from investment in associates |
|
|
|
| Other interest receivable | 4 | - | |
| 10,004 | - | ||
11.
Interest Payable and Similar Charges
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Finance charges payable under finance leases and hire purchase contracts | 2,230 | 558 | |
| Other finance charges |
|
|
|
| 2,282 | 2,710 | ||
12.
Tax on Profit
The tax charge on the profit for the year was as follows:
| Tax Rate | 2026 | 2025 | |||
|---|---|---|---|---|---|
| 2026 | 2025 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 25.0% |
|
|
|
| Deferred Tax | |||||
| Deferred taxation |
|
( |
|||
| Total tax charge for the period |
|
|
|||
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
| 2026 | 2025 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Profit before tax | 875,806 | 528,620 | |||
| Tax on profit at 25% (UK standard rate) |
|
|
|||
...CONTINUED
AIM RX Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
| Goodwill/depreciation not allowed for tax |
|
|
|||
| Expenses not deductible for tax purposes |
|
|
|||
| Capital allowances |
( |
( |
|||
| Short term timing differences |
|
( |
|||
| Dividends from companies |
( |
|
|||
| Unrelieved loss on disposal of operations |
|
|
|||
| Total tax charge for the period | 246,003 | 141,266 | |||
13.
Prior Period Adjustment
During the year, management identified a classification error in the disclosure previously reported within fixed asset investments.
14.
Intangible Assets
| Goodwill | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at 1 February 2025 |
|
||
| Disposals |
( |
||
| As at 31 January 2026 |
|
||
| Amortisation | |||
| As at 1 February 2025 |
|
||
| Disposals |
( |
||
| As at 31 January 2026 |
|
||
| Net Book Value | |||
| As at 31 January 2026 |
|
||
| As at 1 February 2025 |
|
||
15.
Tangible Assets
| Land & Property | |||||
|---|---|---|---|---|---|
| Freehold | Leasehold | Motor Vehicles | Fixtures & Fittings | Total | |
| £ | £ | £ | £ | £ | |
| Cost or Valuation | |||||
| As at 1 February 2025 |
|
|
|
|
|
| Additions |
|
|
|
|
|
| Disposals |
( |
( |
( |
( |
( |
| Revaluation |
|
|
|
|
|
| As at 31 January 2026 |
|
|
|
|
|
...CONTINUED
AIM RX Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
| Depreciation | |||||
| As at 1 February 2025 |
|
|
|
|
|
| Provided during the period |
|
|
|
|
|
| Disposals |
|
( |
( |
( |
( |
| As at 31 January 2026 |
|
|
|
|
|
| Net Book Value | |||||
| As at 31 January 2026 |
|
|
|
|
|
| As at 1 February 2025 |
|
|
|
|
|
The net carrying value of tangible fixed assets includes motor vehicles of £44,995 (2025; £59,993) held under finance leases or hire purchase contracts.
16.
Investments
| Associates | |
|---|---|
| £ | |
| Cost or Valuation | |
| As at 1 February 2025 |
|
| As at 31 January 2026 |
|
| Provision | |
| As at 1 February 2025 |
|
| As at 31 January 2026 |
|
| Net Book Value | |
| As at 31 January 2026 |
|
| As at 1 February 2025 |
|
The company has a 50% shareholding in Click Trading Limited.
Profit and loss reserves of the company at 31st December 2025 was £250,898 (2024; £227,119).
17.
Stocks
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Finished goods |
|
|
|
AIM RX Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
18.
Debtors
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Other debtors | 1,008,165 | 482,244 | |
|
|
|
||
19.
Creditors: Amounts Falling Due Within One Year
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Net obligations under finance lease and hire purchase contracts |
|
|
|
| Trade creditors |
|
|
|
| Other creditors | 33,503 | 278,359 | |
| Corporation tax |
|
|
|
| Taxation and social security | 25,672 | 42,100 | |
| Accruals and deferred income | 171,876 | 136,000 | |
|
|
|
||
20.
Creditors: Amounts Falling Due After More Than One Year
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Net obligations under finance lease and hire purchase contracts |
|
|
|
21.
Obligations Under Finance Leases and Hire Purchase
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| The future minimum finance lease payments are as follows: | |||
| Not later than one year |
|
|
|
| Later than one year and not later than five years |
|
|
|
|
|
|
||
|
|
|
||
AIM RX Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
22.
Deferred Taxation
The provision for deferred tax is made up as follows:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 16,169 | 13,236 | |
23.
Provisions for Liabilities
| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at 1 February 2025 |
|
13,236 |
| Additions |
|
2,933 |
| Balance at 31 January 2026 |
|
16,169 |
25.
Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Not later than one year |
|
|
|
| Later than one year and not later than five years |
|
|
|
| Later than five years |
|
|
|
|
|
|
||
|
2026
|
2025
|
||
|
£
|
£
|
||
|
Property Leases
|
584,818
|
772,106
|
|
|
Vehicle Leases
|
48,608
|
81,649
|
|
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
|
||
|
Operating Leases
|
633,426
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
853,755
|
AIM RX Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
26.
Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to the profit and loss account in respect of defined contribution schemes was £45,372 (2025: £40,735).
At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.
27.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at 1 February 2025 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 January 2026 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Paul Doherty |
|
|
|
- |
|
The above loan is unsecured, interest free and repayable on demand.
28.
Dividends
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
|
|
|
29.
Related Party Disclosures
During the year the following related party transactions occurred:
Dividends paid of £150,737 (2025: £773,411) to BBE Developments Ltd, the parent company.
Dividends received of £10,000 (2025: £nil) from Click Trading Ltd an associate company.
During the year, payroll costs of £208,000 (2025: £nil) were charged by Aerternum Health Ltd a connected company.
During the year, rent payable to BBE Developments Limited for Appleton Vilage Pharmacy is £34,355 (2025 £120,000).
Included in debtors are balance owed from related parties:
Apex Padel Clubs Ltd, a connected Company owes £280,041 (2025: £102,448).
Novomex Ltd, a connected Company owes £373,371 (2025: Credit £200,000).
Included in creditors are balances owed to related parties:
Aeternum Health Ltd, a connected company is owed £19,917 (2025: £nil).
No further transactions with related parties were undertaken such as are required to be disclosed under the provisions of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
AIM RX Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
30.
Controlling Parties
The company's immediate parent undertaking is
BBE Developments Limited
.
The ultimate parent undertaking is
BBE Developments Limited
incorporated in England, the Company number 06011245. Its registered office is
Soloman House Belgrave Court, Fulwood, Preston, England, PR2 9PL
.