Company Registration No. 01901636 (England and Wales)
N & B CHEMISTS LIMITED
Unaudited accounts
for the year ended 31 March 2023
N & B CHEMISTS LIMITED
Unaudited accounts
Contents
N & B CHEMISTS LIMITED
Company Information
for the year ended 31 March 2023
Directors
Dr P K K Mohamed
Mr Ayaz Akram
Mrs Saima Akram
Mrs Sharmena Mohamed
Mrs Jaseem Mohamed
Noorjahan Mohamed
Company Number
01901636 (England and Wales)
Registered Office
1 LIDDELL TERRACE
BENSHAM
GATESHEAD
TYNE AND WEAR
NE8 1YN
Accountants
Caldwell House Consulting
44 Caldwell Road
Birmingham
West Midlands
B9 5TQ
N & B CHEMISTS LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
22,542
25,170
Cash at bank and in hand
151,089
178,889
Creditors: amounts falling due within one year
(117,207)
(199,750)
Net current assets
149,707
193,656
Total assets less current liabilities
172,251
218,828
Provisions for liabilities
Deferred tax
(5,087)
(4,782)
Net assets
167,164
214,046
Called up share capital
100
100
Profit and loss account
167,064
213,946
Shareholders' funds
167,164
214,046
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2023 and were signed on its behalf by
Mr Ayaz Akram
Director
Company Registration No. 01901636
N & B CHEMISTS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
N & B CHEMISTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01901636. The registered office is 1 LIDDELL TERRACE, BENSHAM, GATESHEAD, TYNE AND WEAR, NE8 1YN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents total invoiced including payments received from NHS for prescriptions.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
18% at reducing balance basis
Fixtures & fittings
20% at reducing balance basis
Computer equipment
18% at reducing balance basis
4
Intangible fixed assets
Goodwill
N & B CHEMISTS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
14,583
97,214
2,131
113,928
At 31 March 2023
14,583
99,892
2,131
116,606
At 1 April 2022
2,625
85,196
937
88,758
Charge for the year
2,152
2,939
215
5,306
At 31 March 2023
4,777
88,135
1,152
94,064
At 31 March 2023
9,806
11,757
979
22,542
At 31 March 2022
11,958
12,018
1,194
25,170
Amounts falling due within one year
Trade debtors
10,050
102,838
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
91,343
140,726
Taxes and social security
20,078
59,024
Loans from directors
5,786
-
8
Deferred taxation
2023
2022
Accelerated capital allowances
5,087
4,782
Provision at start of year
4,782
3,255
Charged to the profit and loss account
305
1,527
Provision at end of year
5,087
4,782
N & B CHEMISTS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
Allotted, called up and fully paid:
80 Ordinary shares of £1 each
80
80
20 Ordinary shares - B of £1 each
20
20
10
Average number of employees
During the year the average number of employees was 16 (2022: 15).
