Merlin Pharmacy (Littlehampton) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01605961 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2016

FOR

MERLIN PHARMACY (LITTLEHAMPTON) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D H Raja

SECRETARY:

E R Stone

REGISTERED OFFICE:

75 Corringway

Ealing

London

W5 3HB

REGISTERED NUMBER:

01605961 (England and Wales)

ACCOUNTANTS:

Jay Patel & Co

Chartered Accountants

278 Northfield Avenue

Ealing

London

W5 4UB

FIXED ASSETS

Tangible assets

2

432,539

432,794

CURRENT ASSETS

Debtors

-

6,701

Cash at bank

66,754

25,766

66,754

32,467

CREDITORS

Amounts falling due within one year

65,934

51,666

NET CURRENT ASSETS/(LIABILITIES)

820

(19,199

)

TOTAL ASSETS LESS CURRENT LIABILITIES

433,359

413,595

CREDITORS

Amounts falling due after more than one year

7,543

30,515

NET ASSETS

425,816

383,080

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

425,716

382,980

SHAREHOLDERS' FUNDS

425,816

383,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 8th December 2016 and were signed by:

D H Raja - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Turnover represents the value of services provided under contracts, to the extent that there is a right to consideration, and is

recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service

provided to date, based on a proportion of the total expected consideration at completion.

Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred

Income and included as part of Creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful

life, as follows:

Land and buildings - Straight line over years

Leasehold properties- Straight line over the life of the lease

Fixtures, fittings and equipment- 15% reducing balance basis

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Going concern

The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which

the Directors consider appropriate giving regard to the circumstances.

Investment properties

The company's investment properties are stated at cost in these accounts.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

451,257

DEPRECIATION

At 1st April 2015

18,463

Charge for year

255

At 31st March 2016

18,718

NET BOOK VALUE

At 31st March 2016

432,539

At 31st March 2015

432,794

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

100

Ordinary Shares

£1

100

100

4.	ULTIMATE CONTROLLING PARTY

The controlling party is D H Raja.