Company Registration No. 06577514 (England and Wales)
DURACHEM LTD
Unaudited accounts
for the year ended 30 April 2024
DURACHEM LTD
Unaudited accounts
Contents
DURACHEM LTD
Company Information
for the year ended 30 April 2024
Directors
Venichand Ranmal Harania
Asvin Vrajpal Shah
Kirit Vrajpar Shah
Company Number
06577514 (England and Wales)
Registered Office
550 UXBRIDGE ROAD
PINNER
MIDDLESEX
HA5 3LX
Accountants
BPACL Accountancy Services Limited
83 Cowley Hill
Borehamwood
Hertfordshire
WD6 5NA
DURACHEM LTD
Statement of financial position
as at 30 April 2024
Intangible assets
311,468
347,938
Tangible assets
51,945
60,914
Cash at bank and in hand
280,166
130,137
Creditors: amounts falling due within one year
(261,433)
(210,011)
Net current assets
247,411
169,404
Total assets less current liabilities
610,824
578,256
Provisions for liabilities
Deferred tax
(9,034)
(11,276)
Net assets
601,790
566,980
Called up share capital
280,000
280,000
Profit and loss account
321,790
286,980
Shareholders' funds
601,790
566,980
For the year ending 30 April 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 10 January 2025 and were signed on its behalf by
Kirit Vrajpar Shah
Director
Company Registration No. 06577514
DURACHEM LTD
Notes to the Accounts
for the year ended 30 April 2024
DURACHEM LTD is a private company, limited by shares, registered in England and Wales, registration number 06577514. The registered office is 550 UXBRIDGE ROAD, PINNER, MIDDLESEX, HA5 3LX.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over period of lease
Motor vehicles
25% Straight Line Method
Fixtures & fittings
25% Straight Line Method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
36,470
Company purchased a new pharmacy as an Asset purchase on 11 January 2023. The new assets are included along with the existing business assets. The goodwill for the new business is £275,000.
Company has decided not to amortise the new Goodwill as it is not tax deductible.
DURACHEM LTD
Notes to the Accounts
for the year ended 30 April 2024
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
21,200
40,490
72,008
133,698
At 30 April 2024
21,200
40,490
77,481
139,171
At 1 May 2023
5,391
8,098
59,295
72,784
Charge for the year
-
8,098
6,344
14,442
At 30 April 2024
5,391
16,196
65,639
87,226
At 30 April 2024
15,809
24,294
11,842
51,945
At 30 April 2023
15,809
32,392
12,713
60,914
Amounts falling due within one year
Trade debtors
136,675
128,801
Accrued income and prepayments
11,619
11,297
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
192,762
201,557
Taxes and social security
67,674
7,621
8
Operating lease commitments
2024
2023
At 30 April 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
11,250
11,250
Later than one year and not later than five years
45,000
45,000
Later than five years
98,438
109,688
9
Average number of employees
During the year the average number of employees was 13 (2023: 13).