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REGISTERED NUMBER: 07451561 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

NIGHTCHEM LIMITED

NIGHTCHEM LIMITED (REGISTERED NUMBER: 07451561)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NIGHTCHEM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: J S Rahania
R Rahania
R K Saroy



REGISTERED OFFICE: 20 Coningsby Drive
Wolverhampton
West Midlands
WV2 2RN



REGISTERED NUMBER: 07451561 (England and Wales)



ACCOUNTANTS: Ashcrofts Accountants Limited
2 Cedargrove
Hagley
Stourbridge
West Midlands
DY9 0DR



BANKERS: Lloyds Bank plc
3 Queen Square
Wolverhampton
West Midlands
WV1 1RF

NIGHTCHEM LIMITED (REGISTERED NUMBER: 07451561)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 44 55
Investments 5 173,500 173,500
173,544 173,555

CURRENT ASSETS
Debtors 6 186,733 251,006
Cash at bank 9,003 102,846
195,736 353,852
CREDITORS
Amounts falling due within one year 7 (138,168 ) (128,007 )
NET CURRENT ASSETS 57,568 225,845
TOTAL ASSETS LESS CURRENT
LIABILITIES

231,112

399,400

PROVISIONS FOR LIABILITIES 8 (8 ) (10 )
NET ASSETS 231,104 399,390

CAPITAL AND RESERVES
Called up share capital 9 150 150
Retained earnings 10 230,954 399,240
SHAREHOLDERS' FUNDS 231,104 399,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

NIGHTCHEM LIMITED (REGISTERED NUMBER: 07451561)

BALANCE SHEET - continued
28 FEBRUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 6 November 2023 and were signed on its behalf by:




R Rahania - Director



R K Saroy - Director


NIGHTCHEM LIMITED (REGISTERED NUMBER: 07451561)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Nightchem 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 NIL (2022 - NIL).

NIGHTCHEM LIMITED (REGISTERED NUMBER: 07451561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equipment
£   
COST
At 1 March 2022
and 28 February 2023 500
DEPRECIATION
At 1 March 2022 445
Charge for year 11
At 28 February 2023 456
NET BOOK VALUE
At 28 February 2023 44
At 28 February 2022 55

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 173,500
NET BOOK VALUE
At 28 February 2023 173,500
At 28 February 2022 173,500

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Wellington Pharmacy Limited
Registered office: 20 Coningsby Drive, Wolverhampton, West Midlands, WV2 2RN
Nature of business: Retail pharmacy
%
Class of shares: holding
Ordinary 100.00
28.2.23 28.2.22
£    £   
Aggregate capital and reserves 781,258 686,436
Profit for the year 130,822 549,211

NIGHTCHEM LIMITED (REGISTERED NUMBER: 07451561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 56,849 137,631
Amounts owed by group undertakings - 794
Prepayments and accrued income 129,884 112,581
186,733 251,006

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 134,260 -
Corporation tax 2,750 56,421
Directors' loan accounts - 70,299
Accruals and deferred income 1,158 1,287
138,168 128,007

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 8 10

Deferred
tax
£   
Balance at 1 March 2022 10
Credited during the year (2 )
Balance at 28 February 2023 8

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
150 Ordinary £1 150 150

10. RESERVES
Retained
earnings
£   

At 1 March 2022 399,240
Profit for the year 11,714
Dividends (180,000 )
At 28 February 2023 230,954

NIGHTCHEM LIMITED (REGISTERED NUMBER: 07451561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 28 February 2023, there was a loan from Mr J Rahania of £Nil (2022: £70,299). This unsecured loan is interest free and repayable on demand.

12. RELATED PARTY DISCLOSURES

The Company holds 100% of the issued share capital of Wellington Pharmacy Limited, a company incorporated in England and Wales.

At 28 February 2023, there was a loan to Wellington Pharmacy Limited of £Nil (2022: £794). This unsecured loan is interest free and repayable on demand.

At 28 February 2023, there was a loan from Wellington Pharmacy Limited of £134,260 (2022: £Nil). This unsecured loan is interest free and repayable on demand.

A management service fee has been received during the year from Daychem Ltd of £17,304 (2022: £112,581), a company in which Mr J S Rahania, Mr R Rahania and Mr R K Saroy are directors. At 28 February 2023, there was a loan to Daychem Ltd of £Nil (2022: £87,681).

At 28 February 2023, there was a loan to Church Street Healthcare Limited of £20,499 (2022: £33,599). This unsecured loan is interest free and repayable on demand.

At 28 February 2023, there was a loan to RJR Chem Ltd of £36,350 (2022: £16,351). This unsecured loan is interest free and repayable on demand.