Southcote Pharmacy Limited - Filleted accounts

Registered number

05209797

Southcote Pharmacy Limited

Unaudited Filleted Accounts

28 February 2025

Southcote Pharmacy Limited
Registered number:		05209797
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		-			8,333
Tangible assets	4		147,290			109,579
			147,290			117,912

Current assets
Stocks		77,615			43,274
Debtors	5	118,886			139,129
Cash at bank and in hand		79,276			89,806
		275,777			272,209

Creditors: amounts falling due within one year	6	(261,395)			(235,556)

Net current assets			14,382			36,653

Total assets less current liabilities			161,672			154,565

Creditors: amounts falling due after more than one year	7		(10,000)			(15,000)

Provisions for liabilities			(36,823)			(27,395)


Net assets			114,849			112,170

Capital and reserves
Called up share capital			100			100
Profit and loss account			114,749			112,070

Shareholders' funds			114,849			112,170

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs R. Patel
Director
Approved by the board on 13 November 2025

Southcote Pharmacy Limited
Notes to the Accounts
for the period from 1 September 2024 to 28 February 2025


1	Accounting policies

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings	10% reducing balance
	Plant and machinery	25% reducing balance
	Fixtures, fittings, tools and equipment	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			8		9


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 September 2024					1,000,000
	At 28 February 2025					1,000,000

	Amortisation
	At 1 September 2024					991,667
	Provided during the period					8,333
	At 28 February 2025					1,000,000

	Net book value
	At 28 February 2025					-
	At 31 August 2024					8,333

	Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.


4	Tangible fixed assets
		Leasehold improv.		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 September 2024	142,017		90,575		232,592
	Additions	46,535		-		46,535
	At 28 February 2025	188,552		90,575		279,127

	Depreciation
	At 1 September 2024	46,013		77,000		123,013
	Charge for the period	7,127		1,697		8,824
	At 28 February 2025	53,140		78,697		131,837

	Net book value
	At 28 February 2025	135,412		11,878		147,290
	At 31 August 2024	96,004		13,575		109,579


5	Debtors			2025		2024
£					£

	Trade debtors			89,804		104,125
	Other debtors			29,082		35,004
				118,886		139,129


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			10,000		10,000
	Trade creditors			155,562		176,947
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			87,157		46,536
	Taxation and social security costs			10,668		3,757
	Other creditors			(1,992)		(1,684)
				261,395		235,556


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			10,000		15,000


8	Controlling party

	The parent company of Southcote Pharmacy Ltd is NAAR Pharma Ltd and its registered office is 36 Coronation Square, Reading, RG30 3QN.


9	Other information

	Southcote Pharmacy Limited is a private company limited by shares and incorporated in England. Its registered office is:
	81 Howletts Lane
	Ruislip
	Middlesex
	HA4 7YD