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REGISTERED NUMBER: 07554043 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

CHURCH STREET HEALTHCARE LIMITED

CHURCH STREET HEALTHCARE LIMITED (REGISTERED NUMBER: 07554043)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHURCH STREET HEALTHCARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: J S Rahania
R Rahania
R K Saroy



REGISTERED OFFICE: 20 Coningsby Drive
Wolverhampton
West Midlands
WV2 2RN



REGISTERED NUMBER: 07554043 (England and Wales)



ACCOUNTANTS: Ashcrofts Accountants Limited
2 Cedargrove
Hagley
Stourbridge
West Midlands
DY9 0DR



BANKERS: Lloyds Bank plc
3 Queen Square
Wolverhampton
West Midlands
WV1 1RF

CHURCH STREET HEALTHCARE LIMITED (REGISTERED NUMBER: 07554043)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 88,000 99,000
Tangible assets 5 29,602 38,276
117,602 137,276

CURRENT ASSETS
Stocks 6 62,511 73,492
Debtors 7 1,685,063 1,105,765
Cash at bank and in hand 90,736 132,759
1,838,310 1,312,016
CREDITORS
Amounts falling due within one year 8 (970,029 ) (583,751 )
NET CURRENT ASSETS 868,281 728,265
TOTAL ASSETS LESS CURRENT
LIABILITIES

985,883

865,541

PROVISIONS FOR LIABILITIES 10 (6,750 ) (6,670 )
NET ASSETS 979,133 858,871

CAPITAL AND RESERVES
Called up share capital 11 560 560
Retained earnings 12 978,573 858,311
SHAREHOLDERS' FUNDS 979,133 858,871

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

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

CHURCH STREET HEALTHCARE LIMITED (REGISTERED NUMBER: 07554043)

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 16 October 2024 and were signed on its behalf by:




J S Rahania - Director



R K Saroy - Director


CHURCH STREET HEALTHCARE LIMITED (REGISTERED NUMBER: 07554043)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Church Street Healthcare 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 20% on reducing balance
Motor vehicles - 25% 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. 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 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.

CHURCH STREET HEALTHCARE LIMITED (REGISTERED NUMBER: 07554043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 220,000
AMORTISATION
At 1 March 2023 121,000
Amortisation for year 11,000
At 29 February 2024 132,000
NET BOOK VALUE
At 29 February 2024 88,000
At 28 February 2023 99,000

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 83,155 20,796 103,951
DEPRECIATION
At 1 March 2023 65,242 433 65,675
Charge for year 3,583 5,091 8,674
At 29 February 2024 68,825 5,524 74,349
NET BOOK VALUE
At 29 February 2024 14,330 15,272 29,602
At 28 February 2023 17,913 20,363 38,276

CHURCH STREET HEALTHCARE LIMITED (REGISTERED NUMBER: 07554043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


6. STOCKS
2024 2023
£    £   
Stocks 62,511 73,492

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 169,276 145,265
Other debtors 17,359 230
Amounts owed by group undertakings 1,455,218 908,722
VAT 36,364 48,639
Prepayments and accrued income 6,846 2,909
1,685,063 1,105,765

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 208,613 304,805
Corporation tax 41,662 10,107
Social security and other taxes 1,929 1,724
Other creditors 654,419 260,547
Directors' loan accounts - 168
Accruals and deferred income 63,406 6,400
970,029 583,751

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
In more than five years 29,000 29,000

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,750 6,670

Deferred
tax
£   
Balance at 1 March 2023 6,670
Charged during the year 80
Balance at 29 February 2024 6,750

CHURCH STREET HEALTHCARE LIMITED (REGISTERED NUMBER: 07554043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
560 Ordinary £1 560 560

12. RESERVES
Retained
earnings
£   

At 1 March 2023 858,311
Profit for the year 120,262
At 29 February 2024 978,573

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 29 February 2024, there was a loan from Mr R K Saroy of £Nil (2023: £168). This unsecured loan is interest free and repayable on demand.

14. RELATED PARTY DISCLOSURES

The company was under the control of Mr J S Rahania, Mr R Rahania and Mr R K Saroy throughout the current year and previous year as directors of the company and RJR Chem Ltd as the sole shareholder and immediate and ultimate holding company.

At 29 February 2024, there was a loan to RJR Chem Ltd of £1,455,218 (2023: £908,722). This unsecured loan is interest free and repayable on demand.

At 29 February 2024, there was a loan from Wellington Pharmacy Limited of £135,562 (2023: £419), a company in which Mr J S Rahania, Mr R Rahania and Mr R K Saroy are directors. This unsecured loan is interest free and repayable on demand.

At 29 February 2024, there was a loan from Nightchem Limited of £20,499 (2023: £20,499), a company in which Mr J S Rahania, Mr R Rahania and Mr R K Saroy are directors. This unsecured loan is interest free and repayable on demand.

At 29 February 2024, there was a loan from Daychem Ltd of £498,187 (2023: £239,303), a company in which Mr J S Rahania, Mr R Rahania and Mr R K Saroy are directors. This unsecured loan is interest free and repayable on demand.

15. ULTIMATE CONTROLLING PARTY

The ultimate parent company is RJR Chem Ltd, a company incorporated in England and Wales.