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REGISTERED NUMBER: 04944299 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ALAN CHALMERS (CHEMISTS) LTD

ALAN CHALMERS (CHEMISTS) LTD (REGISTERED NUMBER: 04944299)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALAN CHALMERS (CHEMISTS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: A Chalmers





SECRETARY: M Hayward





REGISTERED OFFICE: The Martin Pharmacy
6 Baylis Parade
Oatlands Drive
Slough
Berkshire
SL1 3LF





REGISTERED NUMBER: 04944299 (England and Wales)





ACCOUNTANTS: MW & Co LLP
Chartered Accountants
2 The Spinney
Ripley Road
Send
Surrey
GU23 7LH

ALAN CHALMERS (CHEMISTS) LTD (REGISTERED NUMBER: 04944299)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,318 36,784

CURRENT ASSETS
Stocks 134,389 99,323
Debtors 5 418,506 171,271
Cash at bank and in hand 283,921 541,083
836,816 811,677
CREDITORS
Amounts falling due within one year 6 305,009 324,462
NET CURRENT ASSETS 531,807 487,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

560,125

523,999

PROVISIONS FOR LIABILITIES 7,044 6,955
NET ASSETS 553,081 517,044

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 553,080 517,043
SHAREHOLDERS' FUNDS 553,081 517,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 April 2024 and were signed by:





A Chalmers - Director


ALAN CHALMERS (CHEMISTS) LTD (REGISTERED NUMBER: 04944299)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Alan Chalmers (Chemists) Ltd 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 represents net invoiced sales of goods and services derived from ordinary activities, and is stated after trade discounts and net of VAT .

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

ALAN CHALMERS (CHEMISTS) LTD (REGISTERED NUMBER: 04944299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 6,589 7,921 57,390 5,139 77,039
Additions - 975 - - 975
At 31 December 2023 6,589 8,896 57,390 5,139 78,014
DEPRECIATION
At 1 January 2023 5,573 7,433 25,108 2,141 40,255
Charge for year 254 366 8,071 750 9,441
At 31 December 2023 5,827 7,799 33,179 2,891 49,696
NET BOOK VALUE
At 31 December 2023 762 1,097 24,211 2,248 28,318
At 31 December 2022 1,016 488 32,282 2,998 36,784

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Director's current account 239,850 -
VAT 22,320 20,342
Prepayments and accrued income 156,336 150,929
418,506 171,271

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 247,889 266,004
Tax 50,982 53,357
Social security and other taxes 3,103 2,998
Pensions 350 423
Director's current account - 150
Accrued expenses 2,685 1,530
305,009 324,462

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
A Chalmers
Balance outstanding at start of year - 250,000
Amounts advanced 239,850 -
Amounts repaid - (250,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 239,850 -

The loan is unsecured, repayable on demand and incurs interest at the official rate of 2%.

ALAN CHALMERS (CHEMISTS) LTD (REGISTERED NUMBER: 04944299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Chalmers.