REGISTERED NUMBER: 03698954 (England and Wales)

A & M PHARMACIES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr A L Hindocha

Mrs M A Hindocha

SECRETARY:

Mrs M A Hindocha

REGISTERED OFFICE:

126 Sutherland Avenue

Coventry

West Midlands

CV5 7NJ

REGISTERED NUMBER:

03698954 (England and Wales)

ACCOUNTANTS:

Shah & Co (Accountants) Ltd

Chartered Certified Accountants

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

FIXED ASSETS

Tangible assets

2

278,974

320,926

CURRENT ASSETS

Stocks

103,223

82,758

Debtors

537,245

422,912

Cash at bank and in hand

467,273

491,549

1,107,741

997,219

CREDITORS

Amounts falling due within one year

420,730

405,566

NET CURRENT ASSETS

687,011

591,653

TOTAL ASSETS LESS CURRENT LIABILITIES

965,985

912,579

PROVISIONS FOR LIABILITIES

17,252

18,263

NET ASSETS

948,733

894,316

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

948,633

894,216

SHAREHOLDERS' FUNDS

948,733

894,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26 July 2017 and were signed on its behalf by:

Mr A L Hindocha - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% 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.

Deferred tax

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to

pay more tax or a right to pay less tax at a future date, at rates expected to apply when they crystallise based on

current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in

taxation computations in periods different from those in which they are included in financial statements.

Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be

recovered. Deferred tax assets and liabilities are not discounted.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

897,436

Additions

7,624

At 31 October 2016

905,060

DEPRECIATION

At 1 November 2015

576,510

Charge for year

49,576

At 31 October 2016

626,086

NET BOOK VALUE

At 31 October 2016

278,974

At 31 October 2015

320,926

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year rent was paid to the directors Mr. & Mrs. A Hindocha on normal commercial terms. The rent

was for the premises at Mount Nod in Coventry, the amounts paid were £15,000 (2015- £22,500). At the year

end the company owed the directors £1,496 (2015 - £1,872).