Company Registration No. 00930557 (England and Wales)
JOHN WILLIS (CHEMISTS) LIMITED
Unaudited accounts
for the year ended 31 May 2024
JOHN WILLIS (CHEMISTS) LIMITED
Unaudited accounts
Contents
JOHN WILLIS (CHEMISTS) LIMITED
Company Information
for the year ended 31 May 2024
Directors
Mr J C Willis
Mrs S Willis
Company Number
00930557 (England and Wales)
Registered Office
4/6 Church Road
Burgess Hill
West Sussex
RH15 9AE
United Kingdom
Accountants
Keymer Haslam & Co
4/6 Church Road
Burgess Hill
West Sussex
RH15 9AE
JOHN WILLIS (CHEMISTS) LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
14,364
3,277
Investment property
1,060,216
1,060,216
Cash at bank and in hand
2,018
4,576
Creditors: amounts falling due within one year
(268,957)
(288,050)
Net current liabilities
(266,537)
(282,859)
Total assets less current liabilities
808,401
780,992
Provisions for liabilities
Deferred tax
(112,647)
(112,647)
Net assets
695,754
668,345
Called up share capital
100
100
Revaluation reserve
480,232
480,232
Profit and loss account
215,422
188,013
Shareholders' funds
695,754
668,345
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by
Mr J C Willis
Director
Company Registration No. 00930557
JOHN WILLIS (CHEMISTS) LIMITED
Notes to the Accounts
for the year ended 31 May 2024
JOHN WILLIS (CHEMISTS) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 00930557. The registered office is 4/6 Church Road, Burgess Hill, West Sussex, RH15 9AE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% WDV
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
JOHN WILLIS (CHEMISTS) LIMITED
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
4,795
5,133
900
10,828
Additions
15,220
-
-
15,220
Disposals
(4,795)
-
-
(4,795)
At 31 May 2024
15,220
5,133
900
21,253
At 1 June 2023
4,795
1,856
900
7,551
Charge for the year
3,805
328
-
4,133
On disposals
(4,795)
-
-
(4,795)
At 31 May 2024
3,805
2,184
900
6,889
At 31 May 2024
11,415
2,949
-
14,364
At 31 May 2023
-
3,277
-
3,277
Fair value at 1 June 2023
1,060,216
6
Investments
Other investments
Valuation at 1 June 2023
358
Valuation at 31 May 2024
358
Amounts falling due within one year
8
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
4,462
450
Other creditors
2,500
2,500
Loans from directors
259,594
282,082
JOHN WILLIS (CHEMISTS) LIMITED
Notes to the Accounts
for the year ended 31 May 2024
9
Transactions with related parties
At 31 May 2024 the company owed its directors £259,594 (2023 £282,082) and this is included in creditors.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).