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Company Registration No. 02130741 (England and Wales)
Hogg Chemists Limited Unaudited accounts for the period from 1 September 2023 to 31 March 2024
Hogg Chemists Limited Unaudited accounts Contents
Page
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Hogg Chemists Limited Company Information for the period from 1 September 2023 to 31 March 2024
Directors
H Ahmed A Begum
Company Number
02130741 (England and Wales)
Registered Office
216-220 Westoe Road South Shields Tyne and Wear NE33 3PW England
Accountants
Ask Accountants NE Limited The Grainger Suite, Dobson House Regent Centre Newcastle Upon Tyne Tyne And Wear NE3 3PF
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Hogg Chemists Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,631 
30,736 
Current assets
Inventories
23,127 
28,317 
Debtors
113,574 
253,449 
Cash at bank and in hand
11,161 
100 
147,862 
281,866 
Creditors: amounts falling due within one year
(121,865)
(191,386)
Net current assets
25,997 
90,480 
Total assets less current liabilities
55,628 
121,216 
Creditors: amounts falling due after more than one year
- 
(19,232)
Net assets
55,628 
101,984 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
55,528 
101,884 
Shareholders' funds
55,628 
101,984 
For the period 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 January 2025 and were signed on its behalf by
H Ahmed Director Company Registration No. 02130741
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Hogg Chemists Limited Notes to the Accounts for the period from 1 September 2023 to 31 March 2024
1
Statutory information
Hogg Chemists Limited is a private company, limited by shares, registered in England and Wales, registration number 02130741. The registered office is 216-220 Westoe Road, South Shields, Tyne and Wear, NE33 3PW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. 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 period, and also have been consistently applied within the same accounts.
Presentation currency
The accounts have been prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Reporting period
The accounting reference date was changed to 31 March 2024, shortening the reporting period by 5 months. This was a decision made by the directors for commercial reasons. The comparative amounts presented in the accounts (including the related notes) are not entirely comparable.
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
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
2% straight line
Fixtures & fittings
15% reducing balance to 50% straight line
Computer equipment
10% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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Hogg Chemists Limited Notes to the Accounts for the period from 1 September 2023 to 31 March 2024
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
55,252 
42,139 
5,848 
103,239 
At 31 March 2024
55,252 
42,139 
5,848 
103,239 
Depreciation
At 1 September 2023
24,516 
42,139 
5,848 
72,503 
Charge for the period
1,105 
- 
- 
1,105 
At 31 March 2024
25,621 
42,139 
5,848 
73,608 
Net book value
At 31 March 2024
29,631 
- 
- 
29,631 
At 31 August 2023
30,736 
- 
- 
30,736 
Included within the net book value of land and buildings above is £29,631 (2023 - £30,736) in respect of freehold land and buildings.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
55,502 
29,153 
Other debtors
58,072 
224,296 
113,574 
253,449 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
92,970 
Trade creditors
54,970 
72,681 
Taxes and social security
29,678 
25,127 
Other creditors
37,217 
608 
121,865 
191,386 
During the period, within creditors: amounts falling due within one year, there was a loan which was secured by way of fixed and floating charges against the assets of the company. This loan was repaid in full during the year.
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Hogg Chemists Limited Notes to the Accounts for the period from 1 September 2023 to 31 March 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
19,232 
During the period, within creditors: amounts falling due after one year, there was a loan which was secured by way of fixed and floating charges against the assets of the company. This loan was repaid in full during the year.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
MDJ Hogg
Period ended 31 March 2024
142,722 
50,402 
193,124 
- 
142,722 
50,402 
193,124 
- 
10
Controlling party
The parent undertaking of the company is Trajan Healthcare Ltd. The registered office of the parent undertaking is 44 Trajan Avenue, South Shields, NE33 2AN.
11
Average number of employees
During the period the average number of employees was 4 (2023: 4).
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