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REGISTERED NUMBER: 01944715 (England and Wales)













Unaudited Financial Statements

for the Period

1 September 2022 to 29 February 2024

for

Coopers Chemist Redcar Limited

Coopers Chemist Redcar Limited (Registered number: 01944715)






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 Redcar Limited

Company Information
for the Period 1 September 2022 to 29 February 2024







DIRECTORS: Mrs L Cooper
J Cooper
Dr D W Cooper
J V Evans





SECRETARY: J Cooper





REGISTERED OFFICE: 112 High Street
Marske By The Sea
Redcar
Cleveland
TS11 7BA





REGISTERED NUMBER: 01944715 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Coopers Chemist Redcar Limited (Registered number: 01944715)

Balance Sheet
29 February 2024

2024 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 145,394 169,846
Investments 5 147,089 142,364
Investment property 6 130,000 120,000
422,483 432,210

CURRENT ASSETS
Stocks 75,241 71,406
Debtors 7 377,421 393,467
Cash at bank and in hand 95,451 139,157
548,113 604,030
CREDITORS
Amounts falling due within one year 8 269,989 258,934
NET CURRENT ASSETS 278,124 345,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

700,607

777,306

PROVISIONS FOR LIABILITIES 4,036 1,256
NET ASSETS 696,571 776,050

CAPITAL AND RESERVES
Called up share capital 15,052 15,052
Share premium 231,190 231,190
Retained earnings 450,329 529,808
696,571 776,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 2024 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.

Coopers Chemist Redcar Limited (Registered number: 01944715)

Balance Sheet - continued
29 February 2024


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 30 August 2024 and were signed on its behalf by:





J Cooper - Director


Coopers Chemist Redcar Limited (Registered number: 01944715)

Notes to the Financial Statements
for the Period 1 September 2022 to 29 February 2024

1. STATUTORY INFORMATION

Coopers Chemist Redcar 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Investments in associates
Investments in associates are measured at cost less impairment.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Redcar Limited (Registered number: 01944715)

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 11 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 257,136 98,478 25,433 8,890 389,937
Additions - 1,416 - - 1,416
Disposals - (2,245 ) - - (2,245 )
At 29 February 2024 257,136 97,649 25,433 8,890 389,108
DEPRECIATION
At 1 September 2022 111,920 79,260 22,941 5,970 220,091
Charge for period 15,747 4,490 2,492 2,920 25,649
Eliminated on disposal - (2,026 ) - - (2,026 )
At 29 February 2024 127,667 81,724 25,433 8,890 243,714
NET BOOK VALUE
At 29 February 2024 129,469 15,925 - - 145,394
At 31 August 2022 145,216 19,218 2,492 2,920 169,846

Coopers Chemist Redcar Limited (Registered number: 01944715)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 29 February 2024

5. FIXED ASSET INVESTMENTS
Interest
in
associate
undertaking
£   
COST
At 1 September 2022 142,364
Additions 4,725
At 29 February 2024 147,089
NET BOOK VALUE
At 29 February 2024 147,089
At 31 August 2022 142,364

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

Associated company

Clevechem Limited
Registered office: Redcar Primary Care Hospital, West Dyke Road, Redcar, Cleveland, TS10 4NW
Nature of business:
%
Class of shares: holding
Ordinary 48.78

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 120,000
Revaluations 10,000
At 29 February 2024 130,000
NET BOOK VALUE
At 29 February 2024 130,000
At 31 August 2022 120,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2015 (50,609 )
Valuation in 2022 (30,000 )
Valuation in 2023 10,000
Cost 200,609
130,000

The property was valued on an open market basis by the directors.

Coopers Chemist Redcar Limited (Registered number: 01944715)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 29 February 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
as restated
£    £   
Trade debtors 111,892 103,579
Amounts owed by group undertakings 250,977 271,299
Other debtors 14,552 18,589
377,421 393,467

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
as restated
£    £   
Trade creditors 167,256 156,160
Amounts owed to group undertakings 94,620 92,548
Taxation and social security 4,758 7,494
Other creditors 3,355 2,732
269,989 258,934

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the statement of financial position is £430,650 (2022 - £380,176). This relates to operating lease commitments.

10. PARENT UNDERTAKING

The company's parent company is Coopers Chemist Marske Limited, who's registered office is 112 High Street, Marske By The Sea, Redcar, Cleveland, TS11 7BA.