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Company Registration No. 01901636 (England and Wales)
N & B CHEMISTS LIMITED Unaudited accounts for the year ended 31 March 2024
N & B CHEMISTS LIMITED Unaudited accounts Contents
Page
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N & B CHEMISTS LIMITED Company Information for the year ended 31 March 2024
Directors
Dr P K K Mohamed Mr Ayaz Akram Mrs Saima Akram Mrs Sharmena Mohamed Mrs Jaseem Mohamed Noorjahan Mohamed
Company Number
01901636 (England and Wales)
Registered Office
1 LIDDELL TERRACE BENSHAM GATESHEAD TYNE AND WEAR NE8 1YN
Accountants
Caldwell House Consulting 44 Caldwell Road Birmingham West Midlands B9 5TQ
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N & B CHEMISTS LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
293,884 
2 
Tangible assets
55,825 
22,542 
349,709 
22,544 
Current assets
Inventories
105,858 
67,370 
Debtors
63,446 
48,455 
Cash at bank and in hand
92,535 
151,089 
261,839 
266,914 
Creditors: amounts falling due within one year
(222,669)
(117,207)
Net current assets
39,170 
149,707 
Total assets less current liabilities
388,879 
172,251 
Creditors: amounts falling due after more than one year
(270,000)
- 
Provisions for liabilities
Deferred tax
(7,987)
(5,087)
Net assets
110,892 
167,164 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
110,792 
167,064 
Shareholders' funds
110,892 
167,164 
For the year ending 31 March 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 13 December 2024 and were signed on its behalf by
Mr Ayaz Akram Director Company Registration No. 01901636
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N & B CHEMISTS LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
N & B CHEMISTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01901636. The registered office is 1 LIDDELL TERRACE, BENSHAM, GATESHEAD, TYNE AND WEAR, NE8 1YN.
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.
Turnover
Turnover represents total invoiced including payments received from NHS for prescriptions.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
18% at reducing balance basis
Fixtures & fittings
20% at reducing balance basis (pro-rata as appropriate)
Computer equipment
18% at reducing balance basis
Intangible fixed assets
Goodwill is amortised over 10 years (pro-rata in the year of acquisition as appropriate).
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
170,850 
Additions
320,599 
At 31 March 2024
491,449 
Amortisation
At 1 April 2023
170,848 
Charge for the year
26,717 
At 31 March 2024
197,565 
Net book value
At 31 March 2024
293,884 
At 31 March 2023
2 
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N & B CHEMISTS LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
14,583 
99,892 
2,131 
116,606 
Additions
17,707 
26,925 
1,262 
45,894 
At 31 March 2024
32,290 
126,817 
3,393 
162,500 
Depreciation
At 1 April 2023
4,777 
88,135 
1,152 
94,064 
Charge for the year
4,952 
7,256 
403 
12,611 
At 31 March 2024
9,729 
95,391 
1,555 
106,675 
Net book value
At 31 March 2024
22,561 
31,426 
1,838 
55,825 
At 31 March 2023
9,806 
11,757 
979 
22,542 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
63,446 
38,405 
Trade debtors
- 
10,050 
63,446 
48,455 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
177,083 
91,343 
Taxes and social security
36,392 
20,078 
Loans from directors
9,194 
5,786 
222,669 
117,207 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
270,000 
- 
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N & B CHEMISTS LIMITED Notes to the Accounts for the year ended 31 March 2024
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
7,987 
5,087 
2024 
2023 
£ 
£ 
Provision at start of year
5,087 
4,782 
Charged to the profit and loss account
2,900 
305 
Provision at end of year
7,987 
5,087 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
80 Ordinary shares of £1 each
80 
80 
20 Ordinary shares - B of £1 each
20 
20 
100 
100 
11
Average number of employees
During the year the average number of employees was 19 (2023: 16).
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