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REGISTERED NUMBER: 04516462 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Ryders Chemist Limited

Ryders Chemist Limited (Registered number: 04516462)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ryders Chemist Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: W Riaz
F Riaz





REGISTERED OFFICE: 41 Old Town Lane
Formby
Liverpool
L37 3HJ





REGISTERED NUMBER: 04516462 (England and Wales)





ACCOUNTANTS: S C Devlin Accountancy Ltd
Chartered Certified Accountants
3 Marlborough Close
Benfleet
Essex
SS7 4JA

Ryders Chemist Limited (Registered number: 04516462)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 49,476 35,384
49,476 35,384

CURRENT ASSETS
Stocks 89,254 87,145
Debtors 6 602,890 514,955
Cash at bank and in hand 131,246 234,457
823,390 836,557
CREDITORS
Amounts falling due within one year 7 222,075 220,977
NET CURRENT ASSETS 601,315 615,580
TOTAL ASSETS LESS CURRENT
LIABILITIES

650,791

650,964

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 650,689 650,862
650,791 650,964

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 19 March 2025 and were signed on its behalf by:



F Riaz - Director


Ryders Chemist Limited (Registered number: 04516462)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Ryders 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 year comprises current and deferred tax 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.

The directors have taken the decision not to include a deferred tax provision of £8,245 on the grounds that capitalized items are either integral to the property and not necessarily capable of future sale, or they will not become saleable realizing a tax clawback. The business acquisition and capitalised additions to date are with a long term view and the assets will have a long term natural unwinding of the tax relief already given.


Ryders Chemist Limited (Registered number: 04516462)

Notes to the Financial Statements - continued
for the year ended 30 September 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 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 74,800
AMORTISATION
At 1 October 2023
and 30 September 2024 74,800
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Ryders Chemist Limited (Registered number: 04516462)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 16,501 101,075 117,576
Additions - 18,728 18,728
At 30 September 2024 16,501 119,803 136,304
DEPRECIATION
At 1 October 2023 - 82,192 82,192
Charge for year - 4,636 4,636
At 30 September 2024 - 86,828 86,828
NET BOOK VALUE
At 30 September 2024 16,501 32,975 49,476
At 30 September 2023 16,501 18,883 35,384

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 104,581 95,146
Other debtors 21,667 22,193
126,248 117,339

Amounts falling due after more than one year:
Amounts owed by group undertakings 476,642 397,616

Aggregate amounts 602,890 514,955

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,538 5,465
Trade creditors 167,858 198,435
Taxation and social security 35,565 9,663
Other creditors 13,114 7,414
222,075 220,977

8. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.