Accounts


	HARBURY PHARMACY LIMITED


	ABBREVIATED UNAUDITED ACCOUNTS


	FOR THE YEAR ENDED 31 JULY 2015
























	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 2015

	Note		2015	2014
		£	£	£
FIXED ASSETS
Intangible assets	2		256,667	291,667
Tangible Assets	3		2,883	3,462
			259,550	295,129

CURRENT ASSETS
Stock	1d	21,746		23,400
Debtors falling due within one year		46,508		44,748
Cash at bank and in hand		104,265		123,062
		172,519		191,210
CREDITORS: Amounts falling due within one year		110,964		147,150
NET CURRENT ASSETS			61,555	44,060
TOTAL ASSETS LESS CURRENT LIABILITIES			321,105	339,189

CREDITORS: Amounts falling due after more than one year			(235,974)	(275,874)

Provisions for Liabilities			(131)	-
NET ASSETS			£85,000	£63,315

CAPITAL AND RESERVES
Called up share capital	5		100	100
Profit and loss account			84,900	63,215
SHAREHOLDERS' FUNDS			£85,000	£63,315


	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 12 February 2016



	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 2015



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 and 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. The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.



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 2015



4.	CREDITORS
		2015	2014
		£	£
	Creditors include the following amounts of liabilities:

	Due after more than one year	235,974	275,874

	page 3

	HARBURY PHARMACY LIMITED
	NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 JULY 2015



5.	SHARE CAPITAL	2015	2014
		£	£
	Allotted, issued and fully paid:

	50 Ordinary "Class A" shares of £1 each	£50	£50
	50 Ordinary "Class B" shares of £1 each	50	50
		100	100

page 4