BIRMINGHAM CHEMISTS LIMITED

Company Registration Number:
06422028 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

BIRMINGHAM CHEMISTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

BIRMINGHAM CHEMISTS LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

5 months to 31 March 2023


£

£
Fixed assets
Intangible assets: 3 179,167 229,167
Tangible assets: 4 111,193 139,141
Total fixed assets: 290,360 368,308
Current assets
Stocks: 114,492 92,833
Debtors:   275,280 369,047
Cash at bank and in hand: 199,010 200,830
Total current assets: 588,782 662,710
Creditors: amounts falling due within one year: 5 (300,068) (381,238)
Net current assets (liabilities): 288,714 281,472
Total assets less current liabilities: 579,074 649,780
Provision for liabilities: (20,137) (25,229)
Total net assets (liabilities): 558,937 624,551
Capital and reserves
Called up share capital: 100 2
Profit and loss account: 558,837 624,549
Shareholders funds: 558,937 624,551

The notes form part of these financial statements

BIRMINGHAM CHEMISTS LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 July 2024
and signed on behalf of the board by:

Name: M F Ismail
Status: Director

The notes form part of these financial statements

BIRMINGHAM CHEMISTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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

Tangible fixed assets and depreciation policy

Plant and machinery 20% - 25% on written down value.

Intangible fixed assets and amortisation policy

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortized evenly over it estimated useful life of twenty years.

BIRMINGHAM CHEMISTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 5 months to 31 March 2023
Average number of employees during the period 28 28

BIRMINGHAM CHEMISTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 1,000,000
At 31 March 2024 1,000,000
Amortisation
At 01 April 2023 770,833
Charge for year 50,000
At 31 March 2024 820,833
Net book value
At 31 March 2024 179,167
At 31 March 2023 229,167

BIRMINGHAM CHEMISTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 494,251
At 31 March 2024 494,251
Depreciation
At 01 April 2023 355,110
Charge for year 27,948
At 31 March 2024 383,058
Net book value
At 31 March 2024 111,193
At 31 March 2023 139,141

BIRMINGHAM CHEMISTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 Trade creditors £ 271717, Taxation and social security £ 22852, Other creditors £ 5499 2023 Trade creditors £ 321463, Taxation and social security £ 42703, Other creditor £ 17072.

BIRMINGHAM CHEMISTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Related party transactions

Name of the related party: T J Birmingham
Relationship:
Director
Description of the Transaction: Overdrawn Directors Current Account
£
Balance at 01 April 2023 0
Balance at 31 March 2024 2,262
Name of the related party: A M Birmingham
Relationship:
Director
Description of the Transaction: Overdrawn Directors Current Account
£
Balance at 01 April 2023 0
Balance at 31 March 2024 1,031