IRIS Accounts Production v24.3.0.553 00397744 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh003977442023-01-31003977442024-01-31003977442023-02-012024-01-31003977442022-01-31003977442022-02-012023-01-31003977442023-01-3100397744ns15:EnglandWales2023-02-012024-01-3100397744ns14:PoundSterling2023-02-012024-01-3100397744ns10:Director12023-02-012024-01-3100397744ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3100397744ns10:SmallEntities2023-02-012024-01-3100397744ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3100397744ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3100397744ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3100397744ns10:FullAccounts2023-02-012024-01-310039774412023-02-012024-01-3100397744ns10:Director22023-02-012024-01-3100397744ns10:RegisteredOffice2023-02-012024-01-3100397744ns5:CurrentFinancialInstruments2024-01-3100397744ns5:CurrentFinancialInstruments2023-01-3100397744ns5:ShareCapital2024-01-3100397744ns5:ShareCapital2023-01-3100397744ns5:RetainedEarningsAccumulatedLosses2024-01-3100397744ns5:RetainedEarningsAccumulatedLosses2023-01-3100397744ns5:NetGoodwill2023-02-012024-01-3100397744ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3100397744ns5:NetGoodwill2023-01-3100397744ns5:NetGoodwill2024-01-3100397744ns5:NetGoodwill2023-01-3100397744ns5:PlantMachinery2023-01-3100397744ns5:PlantMachinery2023-02-012024-01-3100397744ns5:PlantMachinery2024-01-3100397744ns5:PlantMachinery2023-01-3100397744ns5:CostValuation2023-01-3100397744ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3100397744ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-31
REGISTERED NUMBER: 00397744 (England and Wales)






















Donald G Hayden (Chemists) Limited

Unaudited Financial Statements for the Year Ended 31 January 2024






Donald G Hayden (Chemists) Limited (Registered number: 00397744)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Donald G Hayden (Chemists) Limited

Company Information
for the year ended 31 January 2024







DIRECTORS: K S Dhanoa
M H Patel





REGISTERED OFFICE: Hayden House
Bridge Road
Lowestoft
Suffolk
NR32 3LL





REGISTERED NUMBER: 00397744 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Donald G Hayden (Chemists) Limited (Registered number: 00397744)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 195,217 707,827
Tangible assets 5 103,033 109,617
Investments 6 280,813 280,813
Investment property 7 184,256 -
763,319 1,098,257

CURRENT ASSETS
Stocks 480,832 540,832
Debtors 8 1,899,812 1,732,225
Cash at bank and in hand 539,766 984,588
2,920,410 3,257,645
CREDITORS
Amounts falling due within one year 9 1,197,711 1,727,675
NET CURRENT ASSETS 1,722,699 1,529,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,486,018

2,628,227

PROVISIONS FOR LIABILITIES 19,998 20,487
NET ASSETS 2,466,020 2,607,740

CAPITAL AND RESERVES
Called up share capital 8,900 8,900
Retained earnings 2,457,120 2,598,840
SHAREHOLDERS' FUNDS 2,466,020 2,607,740

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

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

Donald G Hayden (Chemists) Limited (Registered number: 00397744)

Balance Sheet - continued
31 January 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 29 October 2024 and were signed on its behalf by:





K S Dhanoa - Director


Donald G Hayden (Chemists) Limited (Registered number: 00397744)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Donald G Hayden (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
The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value

The significant accounting policies applied in the preparation of these financial statements are set out below.

Preparation of consolidated financial statements
The financial statements contain information about Donald G Hayden (Chemists) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 businesses in 2003, 2012 and 2013, is being amortised evenly over its estimated useful life of 20 years. The amortisation policy reflects the period over which future cash flows are expected to be generated from these pharmacies.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant, machinery and equipment15% on a reducing balance basis
Motor vehicles15% on a reducing balance basis

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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


Donald G Hayden (Chemists) Limited (Registered number: 00397744)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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.

Taxation
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.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Leases
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2023 - 59 ) .

Donald G Hayden (Chemists) Limited (Registered number: 00397744)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023 2,021,586
Disposals (1,551,086 )
At 31 January 2024 470,500
AMORTISATION
At 1 February 2023 1,313,759
Charge for year 54,839
Eliminated on disposal (1,093,315 )
At 31 January 2024 275,283
NET BOOK VALUE
At 31 January 2024 195,217
At 31 January 2023 707,827

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 807,078
Additions 11,430
At 31 January 2024 818,508
DEPRECIATION
At 1 February 2023 697,461
Charge for year 18,014
At 31 January 2024 715,475
NET BOOK VALUE
At 31 January 2024 103,033
At 31 January 2023 109,617

Donald G Hayden (Chemists) Limited (Registered number: 00397744)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 February 2023
and 31 January 2024 280,813
NET BOOK VALUE
At 31 January 2024 280,813
At 31 January 2023 280,813

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 184,256
At 31 January 2024 184,256
NET BOOK VALUE
At 31 January 2024 184,256

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 676,385 770,314
Amounts owed by group undertakings 908,730 708,730
Other debtors 314,697 253,181
1,899,812 1,732,225

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 829,067 1,269,832
Taxation and social security 355,852 145,743
Other creditors 12,792 312,100
1,197,711 1,727,675

10. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £1,513,327 (2023 £1,693,300) of which £134,163 (2023 £140,494) falls due for payment within one year.

11. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £157,755 due from a director. Interest is charged at the HMRC beneficial loan interest rate and the loan is repayable on demand.