Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-3192022-02-01falsecommunity pharmacy8falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00699014 2022-02-01 2023-07-31 00699014 2021-02-01 2022-01-31 00699014 2023-07-31 00699014 2022-01-31 00699014 c:Director1 2022-02-01 2023-07-31 00699014 d:Buildings d:ShortLeaseholdAssets 2022-02-01 2023-07-31 00699014 d:Buildings d:ShortLeaseholdAssets 2023-07-31 00699014 d:Buildings d:ShortLeaseholdAssets 2022-01-31 00699014 d:PlantMachinery 2022-02-01 2023-07-31 00699014 d:PlantMachinery 2023-07-31 00699014 d:PlantMachinery 2022-01-31 00699014 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-02-01 2023-07-31 00699014 d:FurnitureFittings 2022-02-01 2023-07-31 00699014 d:FurnitureFittings 2023-07-31 00699014 d:FurnitureFittings 2022-01-31 00699014 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-07-31 00699014 d:OwnedOrFreeholdAssets 2022-02-01 2023-07-31 00699014 d:Goodwill 2023-07-31 00699014 d:Goodwill 2022-01-31 00699014 d:CurrentFinancialInstruments 2023-07-31 00699014 d:CurrentFinancialInstruments 2022-01-31 00699014 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 00699014 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 00699014 d:ShareCapital 2023-07-31 00699014 d:ShareCapital 2022-01-31 00699014 d:RetainedEarningsAccumulatedLosses 2023-07-31 00699014 d:RetainedEarningsAccumulatedLosses 2022-01-31 00699014 c:FRS102 2022-02-01 2023-07-31 00699014 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-07-31 00699014 c:FullAccounts 2022-02-01 2023-07-31 00699014 c:PrivateLimitedCompanyLtd 2022-02-01 2023-07-31 00699014 2 2022-02-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 00699014










B. A. WILLIAMS (CHEMISTS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2023

 
B. A. WILLIAMS (CHEMISTS) LIMITED
REGISTERED NUMBER: 00699014

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

31 July
31 January
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
21,220
27,950

Investments
 6 
50,803
49,391

  
72,023
77,341

Current assets
  

Stocks
  
42,302
77,127

Debtors: amounts falling due within one year
 7 
68,984
68,558

Cash at bank and in hand
  
373,271
445,281

  
484,557
590,966

Creditors: amounts falling due within one year
 8 
(98,700)
(204,114)

Net current assets
  
 
 
385,857
 
 
386,852

Total assets less current liabilities
  
457,880
464,193

Provisions for liabilities
  

Deferred tax
  
(4,103)
(5,308)

  
 
 
(4,103)
 
 
(5,308)

Net assets
  
453,777
458,885


Capital and reserves
  

Called up share capital 
  
20,500
20,500

Profit and loss account
  
433,277
438,385

  
453,777
458,885


Page 1

 
B. A. WILLIAMS (CHEMISTS) LIMITED
REGISTERED NUMBER: 00699014
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr R T Savani
Director
Date: 25 November 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
B. A. WILLIAMS (CHEMISTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

1.


General information

B. A. Williams (Chemists) Limited is a private company, limited by share capital, incorporated in England and Wales under registration number 00699014. The address of the registered office is 37 Warren Street, London, W1T 6AD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
B. A. WILLIAMS (CHEMISTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
B. A. WILLIAMS (CHEMISTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
10%
Reducing balance
Plant and machinery
-
25%
Reducing balance
Fixtures and fittings
-
15%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 9 (2022 - 8).

Page 5

 
B. A. WILLIAMS (CHEMISTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

4.


Intangible assets






Goodwill

£



Cost


At 1 February 2022
12,561



At 31 July 2023

12,561



Amortisation


At 1 February 2022
12,561



At 31 July 2023

12,561



Net book value



At 31 July 2023
-



At 31 January 2022
-



Page 6

 
B. A. WILLIAMS (CHEMISTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

5.


Tangible fixed assets







Short-term leasehold property
Plant and machinery
Fixtures, fittings and equipments
Total

£
£
£
£



Cost or valuation


At 1 February 2022
11,302
8,710
144,346
164,358



At 31 July 2023

11,302
8,710
144,346
164,358



Depreciation


At 1 February 2022
11,302
5,783
119,325
136,410


Charge for the period on owned assets
-
1,098
5,630
6,728



At 31 July 2023

11,302
6,881
124,955
143,138



Net book value



At 31 July 2023
-
1,829
19,391
21,220



At 31 January 2022
-
2,928
25,021
27,949


6.


Fixed asset investments








Listed investments

£



Cost or valuation


At 1 February 2022
49,391


Additions
1,412



At 31 July 2023
50,803




Page 7

 
B. A. WILLIAMS (CHEMISTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

7.


Debtors

31 July
31 January
2023
2022
£
£


Trade debtors
59,479
46,823

VAT repayable
7,216
14,765

Prepayments and accrued income
2,289
6,970

68,984
68,558



8.


Creditors: Amounts falling due within one year

31 July
31 January
2023
2022
£
£

Trade creditors
78,828
89,802

Amounts owed to associated company
1,565
3,263

Corporation tax
15,294
29,415

Other taxation and social security
2,138
2,332

Pension payable
848
432

Directors' loan account
27
78,870

98,700
204,114



9.


Controlling party

At the balance sheet date, the company was a 100% subsidiary company of B.A. Williams Holdings Limited, a company incorporated and trading in United Kingdom.
The company was under the control of Mr R T Savani and Mrs P R Savani, by virtue of the fact that between them they own 100% of the issued share capital of the parent company, B.A. Williams Holdings Limited.

 
Page 8