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REGISTERED NUMBER: 11151120 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

REXALL CHEMIST LIMITED

REXALL CHEMIST LIMITED (REGISTERED NUMBER: 11151120)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REXALL CHEMIST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: R Baden
R Baden





REGISTERED OFFICE: 204 Penn Road
Wolverhampton
WV4 4AA





REGISTERED NUMBER: 11151120 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

REXALL CHEMIST LIMITED (REGISTERED NUMBER: 11151120)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,778 19,073

CURRENT ASSETS
Stocks 29,563 25,952
Debtors 5 267,803 209,672
Cash at bank and in hand 261,403 261,679
558,769 497,303
CREDITORS
Amounts falling due within one year 6 272,645 242,411
NET CURRENT ASSETS 286,124 254,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,902

273,965

CREDITORS
Amounts falling due after more than
one year

7

20,833

30,833
NET ASSETS 287,069 243,132

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 115,165 115,165
Retained earnings 171,704 127,767
287,069 243,132

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

REXALL CHEMIST LIMITED (REGISTERED NUMBER: 11151120)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





R Baden - Director


REXALL CHEMIST LIMITED (REGISTERED NUMBER: 11151120)

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


1. STATUTORY INFORMATION

Rexall Chemist 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 and fittings - 15 - 25% straight line
Office equipment - 33% 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 Statement of Income and Retained Earnings, 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.

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 8 (2022 - 6 ) .

REXALL CHEMIST LIMITED (REGISTERED NUMBER: 11151120)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 22,278 13,820 36,098
Additions 8,493 373 8,866
At 31 July 2023 30,771 14,193 44,964
DEPRECIATION
At 1 August 2022 9,559 7,466 17,025
Charge for year 3,929 2,232 6,161
At 31 July 2023 13,488 9,698 23,186
NET BOOK VALUE
At 31 July 2023 17,283 4,495 21,778
At 31 July 2022 12,719 6,354 19,073

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 212,850 168,456
Other debtors 54,953 41,216
267,803 209,672

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 186,533 155,906
Amounts owed to group undertakings 17,100 11,140
Taxation and social security 23,321 20,496
Other creditors 35,691 44,869
272,645 242,411

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 20,833 30,833

REXALL CHEMIST LIMITED (REGISTERED NUMBER: 11151120)

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


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 11,574 10,860
Between one and five years 3,855 24,683
In more than five years 364 -
15,793 35,543

9. ULTIMATE CONTROLLING PARTY

The controlling party is Rexall Holdings Limited. The ultimate controlling party being the shareholders.