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Registered number: 04714818
Morrell's Pharmacy Limited
Unaudited Financial Statements
For the Period 1 October 2024 to 31 October 2025
Hutchings Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04714818
31 October 2025 30 September 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 90,600 51,269
Tangible Assets 5 37,219 32,938
127,819 84,207
CURRENT ASSETS
Stocks 6 42,603 42,257
Debtors 7 1,111,245 1,152,297
Cash at bank and in hand 136,202 209,800
1,290,050 1,404,354
Creditors: Amounts Falling Due Within One Year 8 (131,390 ) (191,399 )
NET CURRENT ASSETS (LIABILITIES) 1,158,660 1,212,955
TOTAL ASSETS LESS CURRENT LIABILITIES 1,286,479 1,297,162
NET ASSETS 1,286,479 1,297,162
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 1,286,379 1,297,062
SHAREHOLDERS' FUNDS 1,286,479 1,297,162
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Page 2
For the period ending 31 October 2025 the company was entitled to exemption from audit 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ragesh Morjaria
Director
29/10/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Morrell's Pharmacy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04714818 . The registered office is 114 Belgrave Road, Stoke-On-Trent, ST3 4LR.
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 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
The Lease Premium is being amortised over the term of the lease which is 25 years less 3 days.
The annual charge is £5,302.72.
2.4. 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:
Leasehold 2.5% Reducing balance
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
2.5. 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 includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 12 (2024: 12)
12 12
4. Intangible Assets
Other
£
Cost
As at 1 October 2024 132,568
Additions 45,076
As at 31 October 2025 177,644
Amortisation
As at 1 October 2024 81,299
Provided during the period 5,745
As at 31 October 2025 87,044
Net Book Value
As at 31 October 2025 90,600
As at 1 October 2024 51,269
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 October 2024 35,795 4,536 7,995 71,538 119,864
Additions - - 7,083 - 7,083
Disposals - - (7,995 ) - (7,995 )
As at 31 October 2025 35,795 4,536 7,083 71,538 118,952
Depreciation
As at 1 October 2024 10,368 4,027 6,928 65,603 86,926
Provided during the period 689 82 (6,928 ) 964 (5,193 )
As at 31 October 2025 11,057 4,109 - 66,567 81,733
Net Book Value
As at 31 October 2025 24,738 427 7,083 4,971 37,219
As at 1 October 2024 25,427 509 1,067 5,935 32,938
6. Stocks
31 October 2025 30 September 2024
£ £
Stock 42,603 42,257
7. Debtors
31 October 2025 30 September 2024
£ £
Due within one year
Trade debtors 112,692 111,443
Amounts owed by participating interests 866,533 864,938
Other debtors 132,020 175,916
1,111,245 1,152,297
8. Creditors: Amounts Falling Due Within One Year
31 October 2025 30 September 2024
£ £
Trade creditors 107,891 135,171
Other creditors 1,096 26,485
Taxation and social security 22,403 29,743
131,390 191,399
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9. Share Capital
31 October 2025 30 September 2024
£ £
Allotted, Called up and fully paid 100 100
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