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REGISTERED NUMBER: 04405327 (England and Wales)








HANFORD'S CHEMIST LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD 4 MAY 2023 TO 30 APRIL 2024






HANFORD'S CHEMIST LIMITED (REGISTERED NUMBER: 04405327)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 4 MAY 2023 TO 30 APRIL 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


HANFORD'S CHEMIST LIMITED

COMPANY INFORMATION
FOR THE PERIOD 4 MAY 2023 TO 30 APRIL 2024







Directors: Mrs P Edmunds
Mr K Thomas





Secretary: Mrs P Edmunds





Registered office: 1 Frederick Place
Llansamlet
Swansea
West Glamorgan
SA7 9RY





Registered number: 04405327 (England and Wales)





Accountants: Carr, Jenkins & Hood
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

HANFORD'S CHEMIST LIMITED (REGISTERED NUMBER: 04405327)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 6,781 7,780

Current assets
Stocks 85,000 84,082
Debtors 5 423,992 217,180
Cash at bank 203,064 61,696
712,056 362,958
Creditors
Amounts falling due within one year 6 296,030 229,580
Net current assets 416,026 133,378
Total assets less current liabilities 422,807 141,158

Provisions for liabilities 1,670 1,945
Net assets 421,137 139,213

Capital and reserves
Called up share capital 120 120
Retained earnings 421,017 139,093
421,137 139,213

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

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

The directors acknowledge their 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.

HANFORD'S CHEMIST LIMITED (REGISTERED NUMBER: 04405327)

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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2025 and were signed on its behalf by:





Mr K Thomas - Director


HANFORD'S CHEMIST LIMITED (REGISTERED NUMBER: 04405327)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 4 MAY 2023 TO 30 APRIL 2024


1. Statutory information

Hanford's Chemist Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost

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 period 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.

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 period 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.

HANFORD'S CHEMIST LIMITED (REGISTERED NUMBER: 04405327)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 4 MAY 2023 TO 30 APRIL 2024


3. Employees and directors

The average number of employees during the period was 11 (2023 - 18 ) .

4. Tangible fixed assets
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
Cost
At 4 May 2023
and 30 April 2024 150,207 33,840 7,370 191,417
Depreciation
At 4 May 2023 150,207 26,060 7,370 183,637
Charge for period - 999 - 999
At 30 April 2024 150,207 27,059 7,370 184,636
Net book value
At 30 April 2024 - 6,781 - 6,781
At 3 May 2023 - 7,780 - 7,780

5. Debtors
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 386,609 186,368
Other debtors 32,851 30,812
419,460 217,180

Amounts falling due after more than one year:
Other debtors 4,532 -

Aggregate amounts 423,992 217,180

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 170,099 156,625
Amounts owed to group undertakings 18,741 -
Taxation and social security 100,904 64,011
Other creditors 6,286 8,944
296,030 229,580

HANFORD'S CHEMIST LIMITED (REGISTERED NUMBER: 04405327)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 4 MAY 2023 TO 30 APRIL 2024


7. Ultimate controlling parent company

At 30 April 2024, the Company's ultimate parent undertaking was Overdrake Limited, Company Number 02585967. The registered office is 456 Gower Road, Killay, Swansea, SA2 7AL.