Company Registration No. 01901636 (England and Wales)
N & B CHEMISTS LIMITED
Unaudited accounts
for the year ended 31 March 2018
N & B CHEMISTS LIMITED
Unaudited accounts
Contents
N & B CHEMISTS LIMITED
Company Information
for the year ended 31 March 2018
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
44 Caldwell Road
Birmingham
West Midlands
B9 5TQ
N & B CHEMISTS LIMITED
Statement of financial position
as at 31 March 2018
Tangible assets
31,935
40,134
Cash at bank and in hand
83,664
52,006
Creditors: amounts falling due within one year
(135,223)
(174,486)
Net current assets
153,786
108,341
Total assets less current liabilities
185,723
148,477
Provisions for liabilities
Deferred tax
(5,916)
(7,831)
Net assets
179,807
140,646
Called up share capital
100
100
Profit and loss account
179,707
140,546
Shareholders' funds
179,807
140,646
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 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 19 September 2018.
Dr P K K Mohamed
Director
Company Registration No. 01901636
N & B CHEMISTS LIMITED
Notes to the Accounts
for the year ended 31 March 2018
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
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 2018
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2017
8,988
97,214
106,202
At 31 March 2018
8,988
97,214
106,202
At 1 April 2017
5,531
60,537
66,068
Charge for the year
864
7,335
8,199
At 31 March 2018
6,395
67,872
74,267
At 31 March 2018
2,593
29,342
31,935
At 31 March 2017
3,457
36,677
40,134
Finished goods
62,196
64,183
Trade debtors
112,803
138,644
Other debtors
30,346
27,994
8
Creditors: amounts falling due within one year
2018
2017
Trade creditors
101,859
134,802
Taxes and social security
31,868
36,688
Loans from directors
1,496
2,996
9
Deferred taxation
2018
2017
Accelerated capital allowances
5,916
7,831
Provision at start of year
7,831
8,895
Credited to the profit and loss account
(1,915)
(1,064)
Provision at end of year
5,916
7,831
N & B CHEMISTS LIMITED
Notes to the Accounts
for the year ended 31 March 2018
Allotted, called up and fully paid:
80 Ordinary shares of £1 each
80
80
20 Ordinary shares - B of £1 each
20
20
11
Average number of employees
During the year the average number of employees was 12 (2017: 11).
