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REGISTERED NUMBER: 06184756















Financial Statements for the Year Ended 30th April 2024

for

Elan Chemists Limited

Elan Chemists Limited (Registered number: 06184756)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elan Chemists Limited

Company Information
for the Year Ended 30th April 2024







DIRECTOR: A Bhavsar





SECRETARY: M Dholakia





REGISTERED OFFICE: 2 School Lane
Kettering
Northamptonshire
NN16 0DH





REGISTERED NUMBER: 06184756





ACCOUNTANTS: Spriggs & Co Limited
Chartered Certified Accountants
300 High Road
Whaplode
Spalding
Lincolnshire
PE12 6TG

Elan Chemists Limited (Registered number: 06184756)

Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,601 9,648
Investments 5 125 125
7,726 9,773

CURRENT ASSETS
Stocks 30,548 31,534
Debtors 6 210,905 301,568
Cash at bank and in hand 409,510 247,228
650,963 580,330
CREDITORS
Amounts falling due within one year 7 177,042 122,565
NET CURRENT ASSETS 473,921 457,765
TOTAL ASSETS LESS CURRENT
LIABILITIES

481,647

467,538

PROVISIONS FOR LIABILITIES 1,444 1,833
NET ASSETS 480,203 465,705

CAPITAL AND RESERVES
Called up share capital 101,000 101,000
Retained earnings 379,203 364,705
SHAREHOLDERS' FUNDS 480,203 465,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Elan Chemists Limited (Registered number: 06184756)

Balance Sheet - continued
30th April 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 director and authorised for issue on 23rd August 2024 and were signed by:





A Bhavsar - Director


Elan Chemists Limited (Registered number: 06184756)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Elan Chemists Limited is a private company, limited by shares , registered in Not specified/Other. 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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% 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 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 year 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.

Elan Chemists Limited (Registered number: 06184756)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company has adopted NEST in respect of its qualifying employees. A non-contributory pension scheme has been introduced for the company secretary this year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023
and 30th April 2024 57,620
DEPRECIATION
At 1st May 2023 47,972
Charge for year 2,047
At 30th April 2024 50,019
NET BOOK VALUE
At 30th April 2024 7,601
At 30th April 2023 9,648

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st May 2023
and 30th April 2024 125
NET BOOK VALUE
At 30th April 2024 125
At 30th April 2023 125

Elan Chemists Limited (Registered number: 06184756)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

6. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade debtors 62,600 79,860
Other debtors 23,305 96,708
85,905 176,568

Amounts falling due after more than one year:
Amounts owed by associates 125,000 125,000

Aggregate amounts 210,905 301,568

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 101,561 102,336
Taxation and social security 5,086 12,378
Other creditors 70,395 7,851
177,042 122,565