Company Registration No. 05676817 (England and Wales)
NEWDAYS PHARMACY LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
NEWDAYS PHARMACY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
NEWDAYS PHARMACY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
57,278
122,518
Tangible assets
2
63,167
4,182
Investments
2
89,112
-
209,557
126,700
Current assets
Stocks
141,008
109,719
Debtors
3
204,480
197,555
Cash at bank and in hand
453,203
552,117
798,691
859,391
Creditors: amounts falling due within one year
(428,335)
(307,550)
Net current assets
370,356
551,841
Total assets less current liabilities
579,913
678,541
Creditors: amounts falling due after more than one year
(22,282)
(66,443)
557,631
612,098
Capital and reserves
Called up share capital
4
120
2
Profit and loss account
557,511
612,096
Shareholders' funds
557,631
612,098
NEWDAYS PHARMACY LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2016
30 June 2016
- 2 -
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 4 November 2016
Mr O Picard
Director
Company Registration No. 05676817
NEWDAYS PHARMACY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life. The director believes 10 years to be a reasonable approximation of its life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
20% straight line
1.6
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.7
Stock
Stock is valued at the lower of cost and net realisable value.
NEWDAYS PHARMACY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Investments
Total
£
£
£
£
Cost
At 1 July 2015
652,400
12,445
-
664,845
Additions
-
75,038
212,469
287,507
At 30 June 2016
652,400
87,483
212,469
952,352
Depreciation
At 1 July 2015
529,882
8,263
-
538,145
Charge for the year
65,240
16,053
123,357
204,650
At 30 June 2016
595,122
24,316
123,357
742,795
Net book value
At 30 June 2016
57,278
63,167
89,112
209,557
At 30 June 2015
122,518
4,182
-
126,700
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Alpic Limited
England and Wales
Ordinary A, B & C
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
Alpic Limited
Pharmacy
2
3,501
During the year Newdays Pharmacy Limited acquired 100% of the issued ordinary share capital of Alpic Limited.
3
Debtors
Debtors include an amount of £9,275 (2015 - £7,000) which is due after more than one year.
NEWDAYS PHARMACY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 5 -
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
62 A Ordinary shares of £1 each
62
1
58 B Ordinary shares of £1 each
58
1
120
2
During the year
there was a bonus issue of 1 B Ordinary share of £0.01 each for every 99 B Ordinary shares in issue. The A Ordinary shares of £0.01 each and B Ordinary shares of £0.01 each were then re-designated as A Ordinary shares of £1.00 each and B Ordinary shares of £1.00 each at a ratio of 1 to 100. Subsequently there was a bonus issue of 30 A Ordinary shares of £1.00 each for every 1 A Ordinary share in issue and there was a bonus issue of 28 B Ordinary shares of £1.00 each for every 1 B Ordinary share in issue.
5
Transactions with directors
The following directors had interest free loans during the year. The movement on these loans are as follows:
Amount outstanding
Maximum
2016
2015
in year
£
£
£
O Picard current account
-
-
861
During the year dividends of £78,900 (2015: £54,250) were paid to Mr O Picard, company director
Included in other creditors is the balance of £40 (2015: £93) on the current account of Mr O Picard, company director.