C.H. SMITH DISPENSING CHEMISTS LIMITED - Accounts to registrar (filleted) - small 17.3

C.H. SMITH DISPENSING CHEMISTS LIMITED - Accounts to registrar (filleted) - small 17.3

C.H. SMITH DISPENSING CHEMISTS LIMITED - Company Information

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REGISTERED NUMBER: 00326102 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

C.H. SMITH DISPENSING CHEMISTS LIMITED
G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT








C.H. SMITH DISPENSING CHEMISTS LIMITED (REGISTERED NUMBER: 00326102)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


C.H. SMITH DISPENSING CHEMISTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 December 2017







DIRECTORS: C Driver
Mrs P Driver





SECRETARY: Mrs P Driver





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 00326102 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT
Page 1
C.H. SMITH DISPENSING CHEMISTS LIMITED (REGISTERED NUMBER: 00326102)

BALANCE SHEET
31 December 2017

31.12.17 31.12.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 395 526
Investment property 5 500,603 500,603
500,998 501,129

CURRENT ASSETS
Debtors 6 1,105 2,000
Cash at bank 20,092 17,795
21,197 19,795
CREDITORS
Amounts falling due within one year 7 237,720 227,443
NET CURRENT LIABILITIES (216,523 ) (207,648 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
284,475
293,481

CAPITAL AND RESERVES
Called up share capital 500 500
Fair value reserve 8 54,699 54,699
Retained earnings 229,276 238,282
SHAREHOLDERS' FUNDS 284,475 293,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 March 2018 and were signed on its behalf by:




C Driver - Director


The notes form part of these financial statements

Page 2
C.H. SMITH DISPENSING CHEMISTS LIMITED (REGISTERED NUMBER: 00326102)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2017

1. STATUTORY INFORMATION

C.H. SMITH DISPENSING CHEMISTS LIMITED is a private company, limited by shares , registered in
England and Wales. The company's registered number and registered office address can be found on the
Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rent receivable, 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.
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss. Deferred taxation is provided on such surplus or deficit at the rate
expected to apply when the property is sold.

The fair value profits on investment property is not a realised profit available for distribution. In order to
differentiate the non-distributable proftits with the distributable profits of the company, any fair value
movements on investment property less the deferred tax on such movements is transferred from retained earnings
to fair value reserves, which is a non-distributable reserve.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

Page 3 continued...
C.H. SMITH DISPENSING CHEMISTS LIMITED (REGISTERED NUMBER: 00326102)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2017

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2017
and 31 December 2017 1,303
DEPRECIATION
At 1 January 2017 777
Charge for year 131
At 31 December 2017 908
NET BOOK VALUE
At 31 December 2017 395
At 31 December 2016 526

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2017
and 31 December 2017 500,603
NET BOOK VALUE
At 31 December 2017 500,603
At 31 December 2016 500,603

Included in fair value of investment property is freehold land of £ 266,164 (2016 - £ 266,164 ) which is not
depreciated.

Fair value at 31 December 2017 is represented by:

£   
Valuation in 1996 33,598
Valuation in 2016 20,000
Cost 447,005
500,603

If investment property had not been revalued it would have been included at the following historical cost:

31.12.17 31.12.16
£    £   
Cost 447,005 447,005

Investment property was valued on an open market basis on 31 December 2017 by directors .

Page 4 continued...
C.H. SMITH DISPENSING CHEMISTS LIMITED (REGISTERED NUMBER: 00326102)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2017

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Trade debtors - 2,000
Other debtors 1,105 -
1,105 2,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Trade creditors 4,566 4,566
Taxation and social security - 41
Other creditors 233,154 222,836
237,720 227,443

8. RESERVES
Fair
value
reserve
£   
At 1 January 2017
and 31 December 2017 54,699

Page 5