Company Registration No. 01901636 (England and Wales)
N & B CHEMISTS LIMITED
Unaudited accounts
for the year ended 31 March 2017
N & B CHEMISTS LIMITED
Unaudited accounts
Contents
N & B CHEMISTS LIMITED
Company Information
for the year ended 31 March 2017
Directors
Dr P K K Mohamed
Mr A Akram
Mrs S Akram
Mrs S Mohamed
Mrs J Mohamed
Nooji Mohamed
Company Number
01901636 (England and Wales)
Registered Office
1 LIDDELL TERRACE
BENSHAM
GATESHEAD
TYNE AND WEAR
NE8 1YN
Accountants
Caldwell House Consulting
Fairgate House
205 Kings Road
Birmingham
West Midlands
B11 2AA
N & B CHEMISTS LIMITED
Statement of financial position
as at 31 March 2017
Tangible assets
40,134
46,562
Cash at bank and in hand
52,006
64,868
Creditors: amounts falling due within one year
(174,486)
(191,330)
Net current assets
108,341
124,684
Total assets less current liabilities
148,477
171,248
Provisions for liabilities
Deferred tax
(7,831)
(8,895)
Net assets
140,646
162,353
Called up share capital
100
100
Profit and loss account
140,546
162,253
Shareholders' funds
140,646
162,353
For the year ending 31 March 2017 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.
Approved by the Board on 8 September 2017.
Dr P K K Mohamed
Director
Company Registration No. 01901636
N & B CHEMISTS LIMITED
Notes to the Accounts
for the year ended 31 March 2017
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.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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
25% at reducing balance basis
Fixtures & fittings
20% at reducing balance basis
4
Intangible fixed assets
Goodwill
N & B CHEMISTS LIMITED
Notes to the Accounts
for the year ended 31 March 2017
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2016
5,095
97,214
102,309
At 31 March 2017
8,988
97,214
106,202
At 1 April 2016
4,379
51,368
55,747
Charge for the year
1,152
9,169
10,321
At 31 March 2017
5,531
60,537
66,068
At 31 March 2017
3,457
36,677
40,134
At 31 March 2016
716
45,846
46,562
Finished goods
64,183
69,610
Trade debtors
138,644
151,576
Other debtors
27,994
29,960
8
Creditors: amounts falling due within one year
2017
2016
Trade creditors
134,802
152,033
Taxes and social security
36,688
35,676
Loans from directors
2,996
3,196
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 11 (2016: 11).
