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
Hogg Chemists Limited
Company Information
for the period from 1 September 2023 to 31 March 2024
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
Hogg Chemists Limited
Statement of financial position
as at 31 March 2024
Tangible assets
29,631
30,736
Cash at bank and in hand
11,161
100
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)
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
Hogg Chemists Limited
Notes to the Accounts
for the period from 1 September 2023 to 31 March 2024
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.
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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.
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.
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 £.
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.
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 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 have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Hogg Chemists Limited
Notes to the Accounts
for the period from 1 September 2023 to 31 March 2024
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.
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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
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
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.
Amounts falling due within one year
Trade debtors
55,502
29,153
Other debtors
58,072
224,296
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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
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.
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
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.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Period ended 31 March 2024
142,722
50,402
193,124
-
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.
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Average number of employees
During the period the average number of employees was 4 (2023: 4).