REGISTERED NUMBER: 07176858 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

RD HILL (CHEMIST) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S A Pollock

Mr D M Atkinson

REGISTERED OFFICE:

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

REGISTERED NUMBER:

07176858 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

National Westminster Bank PLC

Mexborough Branch

Bank Street

Mexborough

South Yorkshire

S64 9QE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

49,945

67,013

49,945

67,013

CURRENT ASSETS

Stocks

6

73,442

79,405

Debtors

7

642,052

612,868

Cash at bank and in hand

111,068

656,424

826,562

1,348,697

CREDITORS

Amounts falling due within one year

8

202,024

454,727

NET CURRENT ASSETS

624,538

893,970

TOTAL ASSETS LESS CURRENT LIABILITIES

674,483

960,983

PROVISIONS FOR LIABILITIES

6,767

3,971

NET ASSETS

667,716

957,012

CAPITAL AND RESERVES

Called up share capital

10

105

105

Retained earnings

667,611

956,907

SHAREHOLDERS' FUNDS

667,716

957,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 for issue by the Board of Directors and authorised for issue on 26th August 2025 and were signed on its behalf by:

Mr D M Atkinson - Director

Mr S A Pollock - Director

1.	STATUTORY INFORMATION

RD Hill (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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the sale of medications is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

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.

Goodwill, being the amount generated on incorporation of the sole trader business in 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Leasehold property improvements

- 25% on cost

Fixtures and fittings

- 10% reducing balance

Motor vehicles

- 25% reducing balance

Computer equipment

- 33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

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.

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 14 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

1,007,189

Disposals

(1,007,189

)

At 31st March 2025

-

AMORTISATION

At 1st April 2024

1,007,189

Eliminated on disposal

(1,007,189

)

At 31st March 2025

-

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Leasehold

Fixtures

property

and

Motor

Computer

improvements

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

119,819

30,833

24,260

14,170

189,082

Additions

-

-

12,124

1,082

13,206

Disposals

-

-

(24,260

)

(3,948

)

(28,208

)

At 31st March 2025

119,819

30,833

12,124

11,304

174,080

DEPRECIATION

At 1st April 2024

73,707

16,561

22,870

8,931

122,069

Charge for year

23,233

1,427

-

3,958

28,618

Eliminated on disposal

-

-

(22,870

)

(3,682

)

(26,552

)

At 31st March 2025

96,940

17,988

-

9,207

124,135

NET BOOK VALUE

At 31st March 2025

22,879

12,845

12,124

2,097

49,945

At 31st March 2024

46,112

14,272

1,390

5,239

67,013

6.

STOCKS

2025

2024

£

£

Stocks

73,442

79,405

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

255,744

204,871

Amounts owed by group undertakings

353,951

-

Other debtors

-

374,199

VAT

31,573

31,837

Prepayments and accrued income

784

1,961

642,052

612,868

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

176,348

211,144

Corporation tax

9,639

28,300

Social security and other taxes

5,238

4,755

Other creditors

2,688

1,049

Directors' current accounts

-

207,181

Accruals and deferred income

8,111

2,298

202,024

454,727

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

26,400

-

Between one and five years

105,600

-

132,000

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

51

A Ordinary

£1

51

51

49

B Ordinary

£1

49

49

5

C Ordinary

£1

5

5

105

105

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Rxcel Holdings Limited.

The parent company's registered office address is;

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB