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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
Page
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JOHN WILLIS (CHEMISTS) LIMITED Company Information for the year ended 31 May 2024
Directors
Mr J C Willis Mrs S Willis
Secretary
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
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JOHN WILLIS (CHEMISTS) LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,364 
3,277 
Investment property
1,060,216 
1,060,216 
Investments
358 
358 
1,074,938 
1,063,851 
Current assets
Debtors
402 
615 
Cash at bank and in hand
2,018 
4,576 
2,420 
5,191 
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 
Capital and reserves
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
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JOHN WILLIS (CHEMISTS) LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 taxation
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
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.
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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 
Depreciation
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 
Net book value
At 31 May 2024
11,415 
2,949 
- 
14,364 
At 31 May 2023
- 
3,277 
- 
3,277 
5
Investment property
2024 
£ 
Fair value at 1 June 2023
1,060,216 
At 31 May 2024
1,060,216 
6
Investments
Other investments 
£ 
Valuation at 1 June 2023
358 
Valuation at 31 May 2024
358 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
402 
615 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
301 
918 
Taxes and social security
4,462 
450 
Other creditors
2,500 
2,500 
Loans from directors
259,594 
282,082 
Accruals
2,100 
2,100 
268,957 
288,050 
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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).
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