Mountford Chemists Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02320718

Mountford Chemists Limited

Filleted Unaudited Financial Statements

31 March 2025

Mountford Chemists Limited

Balance Sheet

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	2,759	4,875

Current assets

Stocks		150,108	155,051
Debtors	7	283,827	202,466
Cash at bank and in hand		374,741	315,467
		---------	---------
		808,676	672,984

Creditors: amounts falling due within one year	8	484,675	379,235
		---------	---------
Net current assets		324,001	293,749
		---------	---------
Total assets less current liabilities		326,760	298,624

Provisions	–	1,158
	---------	---------
Net assets	326,760	297,466
	---------	---------

Capital and reserves

Called up share capital	9	108,000	108,000
Share premium account		66,000	66,000
Profit and loss account		152,760	123,466
		---------	---------
Shareholders funds		326,760	297,466
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Mountford Chemists Limited

Balance Sheet (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 15 October 2025 , and are signed on behalf of the board by:

Mr R M Shah

Director

Company registration number: 02320718

Mountford Chemists Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 East Barnet Road, New Barnet, Herts, EN4 8RR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	7% to 14% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold land and buildings	-	14% straight line
Fixtures, fittings and equipment	-	25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 16 (2024: 15 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	167,500
	---------
Amortisation
At 1 April 2024 and 31 March 2025	167,500
	---------
Carrying amount
At 31 March 2025	–
	---------
At 31 March 2024	–
	---------

6. Tangible assets

	Leasehold improvements	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 April 2024	27,000	152,961	179,961
Additions	–	399	399
	--------	---------	---------
At 31 March 2025	27,000	153,360	180,360
	--------	---------	---------
Depreciation
At 1 April 2024	27,000	148,086	175,086
Charge for the year	–	2,515	2,515
	--------	---------	---------
At 31 March 2025	27,000	150,601	177,601
	--------	---------	---------
Carrying amount
At 31 March 2025	–	2,759	2,759
	--------	---------	---------
At 31 March 2024	–	4,875	4,875
	--------	---------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	211,112	165,386
Other debtors	72,715	37,080
	---------	---------
	283,827	202,466
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	340,436	293,041
Amounts owed to group undertakings	72,380	750
Corporation tax	68,102	79,660
Social security and other taxes	1,087	36
Other creditors	2,670	5,748
	---------	---------
	484,675	379,235
	---------	---------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
A Ordinary shares shares of £ 1 each	72,000	72,000	72,000	72,000
B Ordinary shares shares of £ 1 each	36,000	36,000	36,000	36,000
	---------	---------	---------	---------
	108,000	108,000	108,000	108,000
	---------	---------	---------	---------

10. Other financial commitments

	2025	2024
	£	£
Total commitments under non-cancellable operating leases over the remaining life of those leases	605,058	57,076

11. Related party transactions

The company has taken advantage of the exemption from disclosing related party transactions with other companies that are wholly owned within the group.

12. Controlling party

The company's parent undertaking is Curewell Limited , incorporated in England with the same registered office as the company. Curwell Limited does not prepare consolidated accounts because it is a parent of a small group. There is no controlling party in Curewell Limited as no shareholder has more than 50% beneficial holding.