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REGISTERED NUMBER: 05071202 (England and Wales)


Financial Statements for the Year Ended 31 March 2024

for

R J Lad Chemists Limited

R J Lad Chemists Limited (Registered number: 05071202)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


R J Lad Chemists Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Rajnikant Lad
Mrs Indira Lad
Mr Hiten Lad





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 05071202 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

R J Lad Chemists Limited (Registered number: 05071202)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 13,775 17,219

CURRENT ASSETS
Inventories 58,365 51,959
Debtors 5 167,717 136,227
Cash at bank and in hand 300,574 333,052
526,656 521,238
CREDITORS
Amounts falling due within one year 6 241,087 238,023
NET CURRENT ASSETS 285,569 283,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

299,344

300,434

PROVISIONS FOR LIABILITIES 4,924 4,924
NET ASSETS 294,420 295,510

CAPITAL AND RESERVES
Called up share capital 7 4 4
Retained earnings 294,416 295,506
SHAREHOLDERS' FUNDS 294,420 295,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

R J Lad Chemists Limited (Registered number: 05071202)

Statement of Financial Position - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





Mr Rajnikant Lad - Director


R J Lad Chemists Limited (Registered number: 05071202)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

R J Lad Chemists 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.

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
Revenue 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.
Plant and machinery etc - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 85,164
DEPRECIATION
At 1 April 2023 67,945
Charge for year 3,444
At 31 March 2024 71,389
NET BOOK VALUE
At 31 March 2024 13,775
At 31 March 2023 17,219

R J Lad Chemists Limited (Registered number: 05071202)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 128,712 110,674
Other debtors 39,005 25,553
167,717 136,227

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 204,681 215,454
Taxation and social security 30,289 20,524
Other creditors 6,117 2,045
241,087 238,023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 A Ordinary £1 2 2
1 B Ordinary £1 1 1
1 C Ordinary £1 1 1
4 4

8. RELATED PARTY DISCLOSURES

During the year, the company paid Rent of £12,000 (2023 : £12,000) in respect of "201 Birch Lane, Dukinfield, Cheshire, SK16 5AT" being the business property owned by the Directors.