Company Registration No. 3143012 (England and Wales)
Chemist Consultancy Limited
Unaudited accounts
for the year ended 31 March 2018
Chemist Consultancy Limited
Unaudited accounts
Contents
Chemist Consultancy Limited
Company Information
for the year ended 31 March 2018
Company Number
3143012 (England and Wales)
Registered Office
27/28 GELLIWASTAD ROAD
PONTYPRIDD
MID GLAMORGAN
CF37 2BW
Accountants
R H Jeffs & Rowe Ltd
27-28 Gelliwastad Road
Pontypridd
CF37 2BW
Chemist Consultancy Limited
Statement of financial position
as at 31 March 2018
Tangible assets
5,684
7,578
Investment property
1,159,056
1,159,056
Cash at bank and in hand
7,887
17,217
Creditors: amounts falling due within one year
(3,522)
(11,358)
Net current assets
44,696
56,370
Total assets less current liabilities
1,209,436
1,223,004
Creditors: amounts falling due after more than one year
(130,587)
(140,678)
Net assets
1,078,849
1,082,326
Called up share capital
100
100
Profit and loss account
1,078,749
1,082,226
Shareholders' funds
1,078,849
1,082,326
For the year ending 31 March 2018 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 director acknowledges his 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 18 December 2018.
P Courie
Director
Company Registration No. 3143012
Chemist Consultancy Limited
Notes to the Accounts
for the year ended 31 March 2018
Chemist Consultancy Limited is a private company, limited by shares, registered in England and Wales, registration number 3143012. The registered office is 27/28 GELLIWASTAD ROAD, PONTYPRIDD, MID GLAMORGAN, CF37 2BW.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Chemist Consultancy Limited
Notes to the Accounts
for the year ended 31 March 2018
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2017
28,062
10,246
38,308
At 31 March 2018
28,062
10,246
38,308
At 1 April 2017
21,145
9,585
30,730
Charge for the year
1,729
165
1,894
At 31 March 2018
22,874
9,750
32,624
At 31 March 2018
5,188
496
5,684
At 31 March 2017
6,917
661
7,578
Fair value at 1 April 2017
1,159,056
At 31 March 2018
1,159,056
Accrued income and prepayments
98
98
Other debtors
40,233
50,413
7
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
2,322
9,107
Loans from directors
-
131
8
Creditors: amounts falling due after more than one year
2018
2017
Bank loans
130,587
140,678
9
Average number of employees
During the year the average number of employees was 1 (2017: 0).
