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REGISTERED NUMBER: 09374250 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Warburtons Chemists Limited

Warburtons Chemists Limited (Registered number: 09374250)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Warburtons Chemists Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A A W O'Brien
G F O'Brien





REGISTERED OFFICE: 42 Kelso Avenue
Cleveleys
Lancashire
FY5 3JG





REGISTERED NUMBER: 09374250 (England and Wales)





ACCOUNTANTS: Ashworth Treasure Limited
Chartered Accountants
17-19 Park Street
Lytham
Lancashire
FY8 5LU

Warburtons Chemists Limited (Registered number: 09374250)

Abridged Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,844 8,811
6,844 8,811

CURRENT ASSETS
Stocks 32,620 20,436
Debtors 213,442 193,014
Cash at bank and in hand 7,508 26,450
253,570 239,900
CREDITORS
Amounts falling due within one year 663,581 682,208
NET CURRENT LIABILITIES (410,011 ) (442,308 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(403,167

)

(433,497

)

CREDITORS
Amounts falling due after more than one
year

9,167

467,385
NET LIABILITIES (412,334 ) (900,882 )

CAPITAL AND RESERVES
Called up share capital 448,318 100
Retained earnings (860,652 ) (900,982 )
SHAREHOLDERS' FUNDS (412,334 ) (900,882 )

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

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

Warburtons Chemists Limited (Registered number: 09374250)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 June 2025 and were signed on its behalf by:





A A W O'Brien - Director


Warburtons Chemists Limited (Registered number: 09374250)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Warburtons Chemists 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2015, has been amortised 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 and 10% on reducing balance

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. 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Warburtons Chemists Limited (Registered number: 09374250)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 1,218,997
AMORTISATION
At 1 July 2023
and 30 June 2024 1,218,997
NET BOOK VALUE

At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 48,941
DEPRECIATION
At 1 July 2023 40,130
Charge for year 1,967
At 30 June 2024 42,097
NET BOOK VALUE
At 30 June 2024 6,844
At 30 June 2023 8,811

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 22,000 22,000
Between one and five years - 22,000
22,000 44,000

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 96,839 -

8. CONTINGENT LIABILITIES

The company has entered into a cross guarantee arrangement with its bankers with other group companies. The amount of indebtedness of other group companies at the balance sheet date was £437,467 (2023: £599,358).

Warburtons Chemists Limited (Registered number: 09374250)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. RELATED PARTY DISCLOSURES

Amounts owed to companies external to the group and related by common influence were £253,404 at the balance sheet date (2023: £141,069).
Included in creditors at the balance sheet date is amounts owed to directors of £0 (2023: £448,218). During the year a loan from the director of £448,218 was converted to 448,218 preference shares of £1 each.

10. PARENT COMPANY

The parent company is Wallorder Limited, a company registered in England & Wales.

11. PREFERENCE SHARES

The company issued 448,218 non-cumulative, non-redeemable, non-convertible preference shares of £1 each during the year. The shares are classified as equity in accordance with FRS 102, as the company has no contractual obligation to repay the principal or dividends.