Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Lifestyle Pharmacy Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5 ) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Lifestyle Pharmacy Limited
for the Year Ended 31 October 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lifestyle Pharmacy Limited for the year ended 31 October 2016 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/ .
This report is made solely to the Board of Directors of Lifestyle Pharmacy Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Lifestyle Pharmacy Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lifestyle Pharmacy Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Lifestyle Pharmacy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Lifestyle Pharmacy Limited. You consider that Lifestyle Pharmacy Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Lifestyle Pharmacy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Easterbrook Eaton Limited
Chartered Accountants
8 Jesu Street
Ottery St Mary
Devon
EX11 1EU
21 July 2017
Lifestyle Pharmacy Limited
(Registration number: 03369742)
Abbreviated Balance Sheet at 31 October 2016
Note |
2016
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2015
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
- |
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Investments |
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Current assets |
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Stocks |
- |
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Debtors |
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Cash at bank and in hand |
- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current (liabilities)/assets |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium account |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
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Mr John Geoffrey Key
Director
2
Lifestyle Pharmacy Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Goodwill is the difference between the fair value of consideration paid for an acquired entity and the aggregate of the fair value of that entity's identifiable assets and liabilities.
Positive Goodwill is capitalised, classified as an asset on the balnace sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Freehold property |
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Leasehold property |
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Fixtures, fittings and equipment |
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Computer equipment |
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Motor vehicles |
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Investment properties
Lifestyle Pharmacy Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued
Fixed asset investments
Stock
Foreign currency
Hire purchase and leasing
Financial instruments
Lifestyle Pharmacy Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Investments
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Total
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Cost |
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At 1 November 2015 |
257,612 |
63,239 |
393,648 |
714,499 |
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Disposals |
- |
(63,239) |
- |
(63,239) |
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At 31 October 2016 |
257,612 |
- |
393,648 |
651,260 |
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Depreciation |
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At 31 October 2016 |
- |
- |
- |
- |
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Net book value |
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At 31 October 2016 |
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- |
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At 31 October 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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