REGISTERED NUMBER: SC385364 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

Aberlour Pharmacy Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTOR:

Miss K Braithwaite

REGISTERED OFFICE:

55-57 West High Street

INVERURIE

AB51 3QQ

REGISTERED NUMBER:

SC385364 (Scotland)

ACCOUNTANTS:

Atholl Scott

55-57 West High Street

INVERURIE

AB51 3QQ

FIXED ASSETS

Intangible assets

2

420,000

450,000

Tangible assets

3

25,005

7,620

445,005

457,620

CURRENT ASSETS

Stocks

54,412

54,564

Debtors

67,138

78,169

Cash at bank and in hand

73,620

50,856

195,170

183,589

CREDITORS

Amounts falling due within one year

(530,585

)

(538,846

)

NET CURRENT LIABILITIES

(335,415

)

(355,257

)

TOTAL ASSETS LESS CURRENT LIABILITIES

109,590

102,363

CREDITORS

Amounts falling due after more than one year

(12,825

)

-

PROVISIONS FOR LIABILITIES

(1,475

)

(1,524

)

NET ASSETS

95,290

100,839

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

95,190

100,739

SHAREHOLDERS' FUNDS

95,290

100,839

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 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.

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 director on 31 July 2017 and were signed by:

Miss K Braithwaite - 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 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.

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.

Deferred tax

The payment of taxation is deferred or accelerated because of timing

differences between the treatment of certain items for accounting and

taxation purposes. Deferred tax assets are recognised only to the extent

that they will be recovered against the reversal of deferred tax

liabilities or other future taxable profits. Full provision for deferred

taxation is made under the liability method, without discounting, on all

timing differences that have arisen, but not reversed by the balance sheet

date, unless such provision is not permitted by accounting standards.

In accordance with such standards deferred tax is not provided for:

a) revaluation gains on land and buildings, unless there is a binding

agreement to sell them at the balance sheet date; and

b) gains on the sale of non-monetary assets, if the taxable gain will

probably be rolled over.

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 the profit and loss

account 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 the profit and loss

account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

600,000

AMORTISATION

At 1 November 2015

150,000

Amortisation for year

30,000

At 31 October 2016

180,000

NET BOOK VALUE

At 31 October 2016

420,000

At 31 October 2015

450,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

18,595

Additions

26,152

At 31 October 2016

44,747

DEPRECIATION

At 1 November 2015

10,975

Charge for year

8,767

At 31 October 2016

19,742

NET BOOK VALUE

At 31 October 2016

25,005

At 31 October 2015

7,620

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the director in

respect of the company's annual unaudited financial statements, from which the

unaudited abbreviated accounts (set out on pages two to five) have been

prepared.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2016 set out on pages three to ten 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

31 July 2017