2022-11-012024-04-302024-04-30false11599217THE CEMIST 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THE CEMIST LIMITED

Registered Number
11599217
(England and Wales)

Unaudited Financial Statements for the Period ended
30 April 2024

THE CEMIST LIMITED
Company Information
for the period from 1 November 2022 to 30 April 2024

Director

Michaela Duncan

Registered Address

The Original Ball
Maesbury
Oswestry
SY10 8HB

Registered Number

11599217 (England and Wales)
THE CEMIST LIMITED
Balance Sheet as at
30 April 2024

Notes

30 Apr 2024

31 Oct 2022

£

£

£

£

Fixed assets
Tangible assets3-6,388
-6,388
Current assets
Stocks4-1,600
Debtors9,55141,466
Cash at bank and on hand-2,943
9,55146,009
Creditors amounts falling due within one year5(523)(15,026)
Net current assets (liabilities)9,02830,983
Total assets less current liabilities9,02837,371
Provisions for liabilities6-(3,403)
Net assets9,02833,968
Capital and reserves
Called up share capital100100
Profit and loss account8,92833,868
Shareholders' funds9,02833,968
The financial statements were approved and authorised for issue by the Director on 30 January 2025, and are signed on its behalf by:
Michaela Duncan
Director
Registered Company No. 11599217
THE CEMIST LIMITED
Notes to the Financial Statements
for the period ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings20
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242022
Average number of employees during the year66
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 November 2227,8341,16629,000
At 30 April 2427,8341,16629,000
Depreciation and impairment
At 01 November 2221,4461,16622,612
Charge for year6,388-6,388
At 30 April 2427,8341,16629,000
Net book value
At 30 April 24---
At 31 October 226,388-6,388
4.Stocks

2024

2022

££
Other stocks-1,600
Total-1,600
5.Creditors: amounts due within one year

2024

2022

££
Taxation and social security-11,220
Other creditors5233,806
Total52315,026
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Provisions for liabilities

2024

2022

££
Net deferred tax liability (asset)-3,403
Total-3,403