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REGISTERED NUMBER: 03986192 (England and Wales)


























Financial Statements

for the Year Ended 30 April 2024

for

Mary Davey Chemists Limited

Mary Davey Chemists Limited (Registered number: 03986192)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Mary Davey Chemists Limited (Registered number: 03986192)

Abridged Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 594,195 291,976
594,195 291,976

CURRENT ASSETS
Stocks 195,933 126,573
Debtors 781,625 480,280
Cash at bank and in hand 1,213,059 1,666,856
2,190,617 2,273,709
CREDITORS
Amounts falling due within one year 385,880 377,713
NET CURRENT ASSETS 1,804,737 1,895,996
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,398,932

2,187,972

CREDITORS
Amounts falling due after more than one
year

(163,763

)

(24,078

)

PROVISIONS FOR LIABILITIES (22,514 ) (6,044 )
NET ASSETS 2,212,655 2,157,850

CAPITAL AND RESERVES
Called up share capital 99 100
Retained earnings 2,212,556 2,157,750
2,212,655 2,157,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Mary Davey Chemists Limited (Registered number: 03986192)

Abridged Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 January 2025 and were signed by:





Miss M L Davey - Director


Mary Davey Chemists Limited (Registered number: 03986192)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Mary Davey Chemists Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03986192

Registered office: 69 Randall Drive
Bootle
Liverpool
L30 2PB

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Mary Davey Chemists Limited (Registered number: 03986192)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 312,383
AMORTISATION
At 1 May 2023
and 30 April 2024 312,383
NET BOOK VALUE

At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 547,989
Additions 351,969
At 30 April 2024 899,958
DEPRECIATION
At 1 May 2023 256,013
Charge for year 49,750
At 30 April 2024 305,763
NET BOOK VALUE
At 30 April 2024 594,195
At 30 April 2023 291,976

Mary Davey Chemists Limited (Registered number: 03986192)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 25,399 27,856
Between one and five years 101,596 101,701
In more than five years 33,587 58,986
160,582 188,543

7. TRANSACTIONS WITH DIRECTOR

During the year the company paid rent to a SIPP controlled by Miss M L Davey for the use of properties from which the company trades. The properties are owned by the SIPP