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REGISTERED NUMBER: 11151120 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

REXALL CHEMIST LIMITED

REXALL CHEMIST LIMITED (REGISTERED NUMBER: 11151120)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REXALL CHEMIST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: R Baden
R Baden
B Dhillon





REGISTERED OFFICE: 204 Penn Road
Wolverhampton
WV4 4AA





REGISTERED NUMBER: 11151120 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

REXALL CHEMIST LIMITED (REGISTERED NUMBER: 11151120)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,291 21,778

CURRENT ASSETS
Stocks 31,458 29,563
Debtors 5 346,692 267,803
Cash at bank and in hand 320,973 261,403
699,123 558,769
CREDITORS
Amounts falling due within one year 6 373,225 272,645
NET CURRENT ASSETS 325,898 286,124
TOTAL ASSETS LESS CURRENT
LIABILITIES

342,189

307,902

CREDITORS
Amounts falling due after more than one
year

7

10,833

20,833
NET ASSETS 331,356 287,069

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 115,165 115,165
Retained earnings 215,991 171,704
331,356 287,069

REXALL CHEMIST LIMITED (REGISTERED NUMBER: 11151120)

BALANCE SHEET - continued
31 JULY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:





R Baden - Director


REXALL CHEMIST LIMITED (REGISTERED NUMBER: 11151120)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Rexall 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 - 15% on cost
Office equipment - 33% 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 Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

REXALL CHEMIST LIMITED (REGISTERED NUMBER: 11151120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
Cost
At 1 August 2023 30,771 14,193 44,964
Additions - 905 905
At 31 July 2024 30,771 15,098 45,869
Depreciation
At 1 August 2023 13,488 9,698 23,186
Charge for year 4,624 1,768 6,392
At 31 July 2024 18,112 11,466 29,578
Net book value
At 31 July 2024 12,659 3,632 16,291
At 31 July 2023 17,283 4,495 21,778

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 284,061 212,850
Other debtors 62,631 54,953
346,692 267,803

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 248,215 186,533
Amounts owed to group undertakings 31,891 17,100
Taxation and social security 54,043 23,321
Other creditors 29,076 35,691
373,225 272,645

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,833 20,833

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 10,676 11,574
Between one and five years 6,207 3,855
In more than five years - 364
16,883 15,793

9. ULTIMATE CONTROLLING PARTY

The controlling party is Rexall Holdings Limited. The ultimate controlling party being the shareholders.