Accounts


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  HARBURY PHARMACY LIMITED
         
         
  ABBREVIATED UNAUDITED ACCOUNTS
         
         
  FOR THE YEAR ENDED 31 JULY 2014
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
  INDEX TO THE ACCOUNTS
         
 
         
  Pages
         
  1 Abbreviated Balance Sheet    
         
  2-4 Notes to the Abbreviated Accounts    
         
 
         
         
         
         
         
         
         
         
  HARBURY PHARMACY LIMITED
  Company registered number: 08130314
  ABBREVIATED BALANCE SHEET
  AT 31 July 2014
           
    Note 2014 2013
      £ £ £
  FIXED ASSETS
  Intangible assets 2 291,667 326,667
  Tangible Assets 3 3,462 3,137
      295,129 329,804
         
  CURRENT ASSETS
  Stock 1d 23,400 25,022
  Debtors falling due within one year   44,748 42,921
  Cash at bank and in hand   123,062 76,901
      191,210 144,844
  CREDITORS: Amounts falling due within one year   147,150 93,244
  NET CURRENT ASSETS   44,060 51,600
  TOTAL ASSETS LESS CURRENT LIABILITIES   339,189 381,404
           
  CREDITORS: Amounts falling due after more than one year (275,874) (354,708)
  NET ASSETS   £63,315 £26,696
       
  CAPITAL AND RESERVES
  Called up share capital 5 100 100
  Profit and loss account   63,215 26,596
  SHAREHOLDERS' FUNDS   £63,315 £26,696
       
         
  In approving these financial statements as directors of the company we hereby confirm the following:
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
         
  Directors' responsibilities:
  1) The members have not required the company to obtain an audit for its accounts for the year in question in accordance with section 476,
  2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
         
  The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
         
  These abbreviated accounts were approved by the board of directors on 16 April 2015
 
 
         
  Suresh Patel, Director
   
  The notes on pages 2 to 4 form part of these accounts
  page 1
  NOTES TO THE ABBREVIATED ACCOUNTS
  FOR THE YEAR ENDED 31 JULY 2014
       
 
1. ACCOUNTING POLICIES
     
     
1a. Basis of accounting
     
  The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
       
       
1b. Intangible fixed assets: goodwill
       
  Purchased goodwill is amortised over the estimated useful economic life of 10 years. In the opinion of the directors, this 10 year economic life is reason period considering the nature anf location of the business and life expectancy of the local population. Large part of the income is derived from NHS Prescriptions.
         
         
1c. Tangible fixed assets
         
  Fixed assets are shown at historical cost.
         
  Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
         
         
  Equipment Reducing balance 25%    
       
       
1d. Stocks
       
  Stocks are stated at the lower of cost and net realisable value.
       
       
1e. Taxation
       
  Corporation tax payable is provided on taxable profits at the current rate.
       
       
       
1f. Turnover
       
  Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business, all within UK.
  page 2
  HARBURY PHARMACY LIMITED
  NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 JULY 2014
       
       
2. INTANGIBLE FIXED ASSETS 2014 2013
    £ £
  Cost
       
  At 1 August 2013 350,000 -
  Additions - 350,000
  At 31 July 2014 350,000 350,000
  Depreciation
       
  At 1 August 2013 23,333 -
  For the year 35,000 23,333
  At 31 July 2014 58,333 23,333
   
  Net Book Amounts
       
  At 31 July 2014 £291,667 £326,667
   
       
       
3. TANGIBLE FIXED ASSETS 2014 2013
    £ £
  Cost
       
  At 1 August 2013 3,764 -
  Additions 1,021 3,764
  At 31 July 2014 4,785 3,764
   
  Depreciation
       
  At 1 August 2013 627 -
  For the year 696 627
  At 31 July 2014 1,323 627
   
  Net Book Amounts
       
  At 31 July 2014 £3,462 £3,137
   
  page 3
  HARBURY PHARMACY LIMITED
  NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 JULY 2014
       
       
4. CREDITORS
    2014 2013
    £ £
  Creditors include the following amounts of liabilities:
       
  Due after more than one year 275,874 354,708
   
       
       
5. SHARE CAPITAL 2014 2013
    £ £
  Allotted, issued and fully paid:
       
  50Ordinary "Class A" shares of £1 each £50 £50
  50Ordinary "Class B" shares of £1 each 50 50
    100 100
   
  page 4