MOTTS PHARMACY LIMITED


Directors	KULAR, Gurpreet
	KULAR, Rupan


Registered Address	Market Place
	Reepham
	Norwich
	NR10 4JJ


Registered Number	05241106 (England and Wales)

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		97,980		51,200
			97,980		51,200
Current assets
Stocks	4	25,400		23,925
Debtors	5	163,892		157,573
Cash at bank and on hand		176,571		180,698
		365,863		362,196
Creditors amounts falling due within one year	6	(270,211)		(255,749)
Net current assets (liabilities)			95,652		106,447
Total assets less current liabilities			193,632		157,647
Creditors amounts falling due after one year	7		(34,500)		(25,907)
Net assets			159,132		131,740
Capital and reserves
Called up share capital			100		100
Profit and loss account			159,032		131,640
Shareholders' funds			159,132		131,740

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 17 November 2025, and are signed on its behalf by:

KULAR, Gurpreet
Director
Registered Company No. 05241106

MOTTS PHARMACY LIMITED

Notes to the Financial Statements
for the year ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	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.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

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

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Fixtures and fittings	15
	Vehicles	15
	Office Equipment	15

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	8		8

3.	Tangible fixed assets

	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 March 24	13,489	77,234	27,373	118,096
Additions	43,999	8,084	3,752	55,835
At 28 February 25	57,488	85,318	31,125	173,931
Depreciation and impairment
At 01 March 24	5,619	48,971	12,306	66,896
Charge for year	1,730	5,018	2,307	9,055
At 28 February 25	7,349	53,989	14,613	75,951
Net book value
At 28 February 25	50,139	31,329	16,512	97,980
At 29 February 24	7,870	28,263	15,067	51,200

4.	Stocks

	2025	2024
	£	£
Finished goods	25,400	23,925
Total	25,400	23,925

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	124,454	122,868
Other debtors	38,168	34,364
Prepayments and accrued income	1,270	341
Total	163,892	157,573

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	101,651	116,457
Bank borrowings and overdrafts	821	693
Amounts owed to related parties	40,509	41,345
Taxation and social security	14,627	10,158
Payments received on account	66,867	64,822
Finance lease and HP contracts	6,049	-
Other creditors	39,687	20,552
Accrued liabilities and deferred income	-	1,722
Total	270,211	255,749


	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.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	16,549	25,907
Other creditors	17,951	-
Total	34,500	25,907

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	23,999		-

9.	Related party transactions
	At the year-end, the company owed £40,509 (2024: £41,345) to G S Kular Ltd, a company in which Mr G. Kular is also a director and a majority shareholder.