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REGISTERED NUMBER: SC385364 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2017

for

Aberlour Pharmacy Limited

Aberlour Pharmacy Limited (Registered number: SC385364)






Contents of the Financial Statements
for the Year Ended 31 October 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Aberlour Pharmacy Limited

Company Information
for the Year Ended 31 October 2017







DIRECTOR: Miss K Braithwaite





REGISTERED OFFICE: 55-57 West High Street
INVERURIE
AB51 3QQ





BUSINESS ADDRESS: 112 High Street
ABERLOUR
AB38 9NX





REGISTERED NUMBER: SC385364 (Scotland)





ACCOUNTANTS: Atholl Scott
55-57 West High Street
INVERURIE
AB51 3QQ

Aberlour Pharmacy Limited (Registered number: SC385364)

Balance Sheet
31 October 2017

31.10.17 31.10.16
Notes £    £   
FIXED ASSETS
Intangible assets 4 390,000 420,000
Tangible assets 5 22,986 25,005
412,986 445,005

CURRENT ASSETS
Stocks 6 56,164 54,412
Debtors 7 68,365 67,138
Cash at bank and in hand 59,622 73,620
184,151 195,170
CREDITORS
Amounts falling due within one
year

8

(494,901

)

(530,585

)
NET CURRENT LIABILITIES (310,750 ) (335,415 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,236

109,590

CREDITORS
Amounts falling due after more
than one year

9

(8,550

)

(12,825

)

PROVISIONS FOR LIABILITIES 10 (1,656 ) (1,475 )
NET ASSETS 92,030 95,290

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 91,930 95,190
SHAREHOLDERS' FUNDS 92,030 95,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Aberlour Pharmacy Limited (Registered number: SC385364)

Balance Sheet - continued
31 October 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 April 2018 and were
signed by:





Miss K Braithwaite - Director


Aberlour Pharmacy Limited (Registered number: SC385364)

Notes to the Financial Statements
for the Year Ended 31 October 2017

1. STATUTORY INFORMATION

Aberlour Pharmacy Limited is a private company, limited by shares ,
registered in Scotland. The company's registered number and registered
office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for goods sold and services rendered
during the year, exclusive of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial
recognition, intangible assets are measured at cost less any accumulated
amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after
making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised
in the Income Statement, except to the extent that it relates to items
recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates
and laws that have been enacted or substantively enacted by the balance
sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax
assessments in periods different from those in which they are recognised in
financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that
are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to
the extent that it is probable that they will be recovered against the
reversal of deferred tax liabilities or other future taxable profits.

Aberlour Pharmacy Limited (Registered number: SC385364)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2017

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are
capitalised in the balance sheet. Those held under hire purchase contracts
are depreciated over their estimated useful lives. Those held under
finance leases are depreciated over their estimated useful lives or the
lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over
the relevant period. The capital element of the future payments is treated
as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions
payable to the company's pension scheme are charged to profit or loss in
the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2016
and 31 October 2017 600,000
AMORTISATION
At 1 November 2016 180,000
Amortisation for year 30,000
At 31 October 2017 210,000
NET BOOK VALUE
At 31 October 2017 390,000
At 31 October 2016 420,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2016 4,513 21,500 18,734 44,747
Additions - - 6,543 6,543
At 31 October 2017 4,513 21,500 25,277 51,290
DEPRECIATION
At 1 November 2016 1,415 5,375 12,952 19,742
Charge for year 465 4,031 4,066 8,562
At 31 October 2017 1,880 9,406 17,018 28,304
NET BOOK VALUE
At 31 October 2017 2,633 12,094 8,259 22,986
At 31 October 2016 3,098 16,125 5,782 25,005

Aberlour Pharmacy Limited (Registered number: SC385364)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2017

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase
contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2016
and 31 October 2017 21,500
DEPRECIATION
At 1 November 2016 5,375
Charge for year 4,031
At 31 October 2017 9,406
NET BOOK VALUE
At 31 October 2017 12,094
At 31 October 2016 16,125

6. STOCKS
31.10.17 31.10.16
£    £   
Stocks 56,164 54,412

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.17 31.10.16
£    £   
Trade debtors 59,729 58,963
VAT 6,525 7,123
Prepayments 2,111 1,052
68,365 67,138

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.17 31.10.16
£    £   
Hire purchase contracts 4,275 4,275
Trade creditors 105,360 83,272
Tax 4,795 6,499
PAYE 2,074 716
Other creditors 1,096 24,996
Director's loan accs less 1yr 373,720 407,285
Accrued expenses 3,581 3,542
494,901 530,585

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.17 31.10.16
£    £   
Hire purchase contracts 8,550 12,825

10. PROVISIONS FOR LIABILITIES
31.10.17 31.10.16
£    £   
Deferred tax 1,656 1,475

Aberlour Pharmacy Limited (Registered number: SC385364)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2017

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2016 1,475
Provided during year 181
Balance at 31 October 2017 1,656

11. RELATED PARTY DISCLOSURES

During the year K Braithwaite (Director) decreased the loan to the company
by £33,565 leaving a balance of £373,720 (2016 £407285). This loan is
unsecured, interest free and repayable on demand.

Dividends paid during the year to the director were as follows:

Miss K Braithwaite £24,000





12. ULTIMATE CONTROLLING PARTY

Miss K Braithwaite is the ultimate controlling party by virtue of her 100% shareholding in the company.

Aberlour Pharmacy Limited

Report of the Accountants to the Director of
Aberlour Pharmacy Limited

The following reproduces the text of the report prepared for the director in
respect of the company's annual unaudited financial statements. In accordance
with the Companies Act 2006, the company is only required to file a Balance
Sheet. Readers are cautioned that the Income Statement and certain other primary
statements and the Report of the Director are not required to be filed with the
Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2017 set out on pages three to fourteen and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

This report is made solely to the Board of Directors of the company, as a body,
in accordance with the terms of our engagement. Our work has been undertaken
solely to prepare for your approval the financial statements of the company and
state those matters that we have agreed to state to the Board of Directors of
the company, as a body, in this report in accordance with the requirements of
the Institute of Financial Accountants. To the fullest extent permitted by law,
we do not accept or assume responsibility to anyone other than the company and
its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records
and to prepare statutory accounts that give a true and fair view of the assets,
liabilities and financial position of the company. You consider that the company
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 financial
statements of the company. 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
financial statements.






Atholl Scott
55-57 West High Street
INVERURIE
AB51 3QQ


30 April 2018