1 May 2023 false No description of principal activity Taxfiler 2024.6 06577514business:PrivateLimitedCompanyLtd2023-05-012024-04-30 065775142023-04-30 065775142023-05-012024-04-30 06577514business:AuditExemptWithAccountantsReport2023-05-012024-04-30 06577514business:FilletedAccounts2023-05-012024-04-30 065775142024-04-30 06577514business:Director12023-05-012024-04-30 06577514business:Director22023-05-012024-04-30 06577514business:Director32023-05-012024-04-30 06577514business:RegisteredOffice2023-05-012024-04-30 065775142023-04-30 06577514core:WithinOneYear2024-04-30 06577514core:WithinOneYear2023-04-30 06577514core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 06577514core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 06577514core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 06577514core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 06577514core:PreviouslyStatedAmount2024-04-30 06577514core:PreviouslyStatedAmount2023-04-30 06577514business:SmallEntities2023-05-012024-04-30 06577514countries:EnglandWales2023-05-012024-04-30 06577514core:LandBuildings2023-05-012024-04-30 06577514core:MotorVehicles2023-05-012024-04-30 06577514core:FurnitureFittings2023-05-012024-04-30 06577514core:Goodwill2023-04-30 06577514core:Goodwill2024-04-30 06577514core:Goodwill2023-05-012024-04-30 06577514core:LandBuildings2023-04-30 06577514core:MotorVehicles2023-04-30 06577514core:FurnitureFittings2023-04-30 06577514core:LandBuildings2024-04-30 06577514core:MotorVehicles2024-04-30 06577514core:FurnitureFittings2024-04-30 06577514core:BetweenOneFiveYears2024-04-30 06577514core:BetweenOneFiveYears2023-04-30 06577514core:MoreThanFiveYears2024-04-30 06577514core:MoreThanFiveYears2023-04-30 065775142022-05-012023-04-30 iso4217:GBP xbrli:pure
Company Registration No. 06577514 (England and Wales)
DURACHEM LTD Unaudited accounts for the year ended 30 April 2024
DURACHEM LTD Unaudited accounts Contents
Page
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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
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DURACHEM LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
311,468 
347,938 
Tangible assets
51,945 
60,914 
363,413 
408,852 
Current assets
Inventories
60,194 
72,312 
Debtors
168,484 
176,966 
Cash at bank and in hand
280,166 
130,137 
508,844 
379,415 
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 
Capital and reserves
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
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DURACHEM LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
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.
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
802,273 
At 30 April 2024
802,273 
Amortisation
At 1 May 2023
454,335 
Charge for the year
36,470 
At 30 April 2024
490,805 
Net book value
At 30 April 2024
311,468 
At 30 April 2023
347,938 
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.
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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 
Additions
- 
- 
5,473 
5,473 
At 30 April 2024
21,200 
40,490 
77,481 
139,171 
Depreciation
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 
Net book value
At 30 April 2024
15,809 
24,294 
11,842 
51,945 
At 30 April 2023
15,809 
32,392 
12,713 
60,914 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
16,423 
31,756 
Trade debtors
136,675 
128,801 
Accrued income and prepayments
11,619 
11,297 
Other debtors
3,767 
5,112 
168,484 
176,966 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
192,762 
201,557 
Taxes and social security
67,674 
7,621 
Accruals
997 
833 
261,433 
210,011 
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 
154,688 
165,938 
9
Average number of employees
During the year the average number of employees was 13 (2023: 13).
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