JADES CHEMIST LIMITED

Company Registration Number:
03550963 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

JADES CHEMIST LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

JADES CHEMIST LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 613,799 0
Tangible assets: 4 37,140 16,553
Total fixed assets: 650,939 16,553
Current assets
Stocks: 61,447 27,390
Debtors:   50,330 30,268
Cash at bank and in hand: 103,470 192,630
Total current assets: 215,247 250,288
Creditors: amounts falling due within one year:   (287,913) (240,083)
Net current assets (liabilities): (72,666) 10,205
Total assets less current liabilities: 578,273 26,758
Creditors: amounts falling due after more than one year:   (574,576)
Total net assets (liabilities): 3,697 26,758
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 3,597 26,658
Shareholders funds: 3,697 26,758

The notes form part of these financial statements

JADES CHEMIST LIMITED

Balance sheet statements

For the year ending 31 May 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 25 February 2025
and signed on behalf of the board by:

Name: Mr S C Patel
Status: Director

The notes form part of these financial statements

JADES CHEMIST LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 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

The turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets and depreciation policy

Annual depreciation of fixtures, fittings and equipment equipment is calculated at 20% on reducing balance to write off the cost of the asset, less its residual value, over its estimated useful economic lifetime.

JADES CHEMIST LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 19 9

JADES CHEMIST LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Intangible Assets

Total
Cost £
At 01 June 2023 235,000
Additions 613,799
At 31 May 2024 848,799
Amortisation
At 01 June 2023 235,000
At 31 May 2024 235,000
Net book value
At 31 May 2024 613,799
At 31 May 2023 0

JADES CHEMIST LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible Assets

Total
Cost £
At 01 June 2023 101,352
Additions 29,872
At 31 May 2024 131,224
Depreciation
At 01 June 2023 84,799
Charge for year 9,285
At 31 May 2024 94,084
Net book value
At 31 May 2024 37,140
At 31 May 2023 16,553