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St Margaret's Pharmacy Limited
05316955
2015-02-28
308510
1629023
309510
1630023
1000
1000
309510
1630023
949
978
310459
1631001
302974
1623289
299084
239820
602058
1863109
190082
1509145
71086
43431
340890
310533
7485
7712
7485
7712
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).
Turnover
Turnover represents the value of retail sales of pharmaceutical and ancillary products and reimbursements from the NHS for prescription dispensing services provided, excluding appropriate Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-over 10 years
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
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 tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Fixtures & Fittings
15% per annum on a reducing balance
0.0000
250000
250000
250000
250000
31584
31584
24099
23872
227
281584
281584
274099
273872
227
Ordinary A
600
1
600
600
Ordinary B
250
1
250
250
Ordinary C
150
1
150
150
Ordinary A
1
600
600
600
Ordinary B
1
250
250
250
Ordinary C
1
150
150
150
2016-02-26
Miss H. Patel
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
St Margaret's Pharmacy Limited
2015-01-01
2015-02-28
St Margaret's Pharmacy Limited
2014-01-01
2014-12-31
St Margaret's Pharmacy Limited
2013-12-31
St Margaret's Pharmacy Limited
2014-12-31
St Margaret's Pharmacy Limited
2014-12-31
St Margaret's Pharmacy Limited
2015-02-28
2016-02-27