REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
1 September 2022 to 29 February 2024 |
for |
Coopers Chemist Marske Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
1 September 2022 to 29 February 2024 |
for |
Coopers Chemist Marske Limited |
Coopers Chemist Marske Limited (Registered number: 01346342) |
Contents of the Financial Statements |
for the Period 1 September 2022 to 29 February 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Coopers Chemist Marske Limited |
Company Information |
for the Period 1 September 2022 to 29 February 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
3 Kingfisher Court |
Bowesfield Park |
Stockton on Tees |
TS18 3EX |
Coopers Chemist Marske Limited (Registered number: 01346342) |
Balance Sheet |
29 February 2024 |
2024 | 2022 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
Coopers Chemist Marske Limited (Registered number: 01346342) |
Balance Sheet - continued |
29 February 2024 |
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 |
Coopers Chemist Marske Limited (Registered number: 01346342) |
Notes to the Financial Statements |
for the Period 1 September 2022 to 29 February 2024 |
1. | STATUTORY INFORMATION |
Coopers Chemist Marske Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Coopers Chemist Marske Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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 |
Long leasehold | - |
Fixtures and fittings | - |
Motor vehicles | - |
Investments in subsidiaries |
Investments in subsidiaries and associates are measured at cost less impairment. |
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 period 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 period 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. |
Coopers Chemist Marske Limited (Registered number: 01346342) |
Notes to the Financial Statements - continued |
for the Period 1 September 2022 to 29 February 2024 |
2. | ACCOUNTING POLICIES - continued |
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. |
Impairment |
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease, |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Long | and | Motor |
leasehold | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 September 2022 |
Additions |
At 29 February 2024 |
DEPRECIATION |
At 1 September 2022 |
Charge for period |
Impairments |
At 29 February 2024 |
NET BOOK VALUE |
At 29 February 2024 |
At 31 August 2022 |
Coopers Chemist Marske Limited (Registered number: 01346342) |
Notes to the Financial Statements - continued |
for the Period 1 September 2022 to 29 February 2024 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
COST |
At 1 September 2022 | 3,299,245 |
Impairments | ( |
) | ( |
) | (1,609,085 | ) |
At 29 February 2024 | 1,690,160 |
NET BOOK VALUE |
At 29 February 2024 | 1,690,160 |
At 31 August 2022 | 3,299,245 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: 112 High Street, Marske by The Sea, Redcar, TS11 7BA |
Nature of business: |
% |
Class of shares: | holding |
Registered office: 112 High Street, Marske by The Sea, Redcar, TS11 7BA |
Nature of business: |
% |
Class of shares: | holding |
Registered office: 10 Park Avenue, Redcar, TS10 3JZ |
Nature of business: |
% |
Class of shares: | holding |
The directors have carried out an impairment review of its investments in subsidiary companies, having taken professional advice over the valuation of pharmacy businesses under current market conditions, resulting in the above impairment provision. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
as restated |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Coopers Chemist Marske Limited (Registered number: 01346342) |
Notes to the Financial Statements - continued |
for the Period 1 September 2022 to 29 February 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
as restated |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2022 |
as restated |
£ | £ |
Preference shares |
9. | OTHER FINANCIAL COMMITMENTS |
The total amount of financial commitments not included in the accounts is £106,336 (2022 - £149,042) |