Kapoor Chemists Limited - Limited company - abbreviated - 11.9

Kapoor Chemists Limited - Limited company - abbreviated - 11.9

KAPOOR CHEMISTS LIMITED - Company Information

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REGISTERED NUMBER: 05136534 (England and Wales)










ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28TH FEBRUARY 2015

FOR

KAPOOR CHEMISTS LIMITED

KAPOOR CHEMISTS LIMITED (REGISTERED NUMBER: 05136534)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28TH FEBRUARY 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

KAPOOR CHEMISTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2015







DIRECTOR: M Kapoor





SECRETARY: Ms S Kapoor





REGISTERED OFFICE: 6 Highbury Road
Whalley Range
Manchester
M16 8PT





REGISTERED NUMBER: 05136534 (England and Wales)





ACCOUNTANTS: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY
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KAPOOR CHEMISTS LIMITED (REGISTERED NUMBER: 05136534)

ABBREVIATED BALANCE SHEET
28TH FEBRUARY 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 200,830 232,540
Tangible assets 3 3,458 5,887
204,288 238,427

CURRENT ASSETS
Stocks 50,650 54,207
Debtors 110,772 108,494
Cash at bank and in hand 68,440 74,698
229,862 237,399
CREDITORS
Amounts falling due within one year 131,551 177,642
NET CURRENT ASSETS 98,311 59,757
TOTAL ASSETS LESS CURRENT
LIABILITIES
302,599
298,184

CREDITORS
Amounts falling due after more than one
year
4
31,000
42,669
NET ASSETS 271,599 255,515

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 271,499 255,415
SHAREHOLDERS' FUNDS 271,599 255,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

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KAPOOR CHEMISTS LIMITED (REGISTERED NUMBER: 05136534)

ABBREVIATED BALANCE SHEET - continued
28TH FEBRUARY 2015


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 5th November 2015 and were signed by:





M Kapoor - Director


The notes form part of these abbreviated accounts

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KAPOOR CHEMISTS LIMITED (REGISTERED NUMBER: 05136534)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28TH FEBRUARY 2015


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 April 2008).

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

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

Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost

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

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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1st March 2014
and 28th February 2015 634,200
AMORTISATION
At 1st March 2014 401,660
Amortisation for year 31,710
At 28th February 2015 433,370
NET BOOK VALUE

At 28th February 2015 200,830
At 28th February 2014 232,540

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KAPOOR CHEMISTS LIMITED (REGISTERED NUMBER: 05136534)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st March 2014
and 28th February 2015 19,899
DEPRECIATION
At 1st March 2014 14,012
Charge for year 2,429
At 28th February 2015 16,441
NET BOOK VALUE
At 28th February 2015 3,458
At 28th February 2014 5,887

4. CREDITORS

Creditors include the following debts falling due in more than five years:

2015 2014
£    £   
Repayable otherwise than by instalments 31,000 -
Repayable by instalments - 42,669
31,000 42,669

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

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