REGISTERED NUMBER: 04723469 (England and Wales)

Unaudited Financial Statements

for the Year Ended

30 April 2025

for

KNS Chemists Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Vijay Kumar Patel

Mrs Jyoti Patel

SECRETARY:

Mrs Jyoti Patel

REGISTERED OFFICE:

Coronation Parade

42 Cannon Lane

Pinner

Middlesex

HA5 1HW

REGISTERED NUMBER:

04723469 (England and Wales)

FIXED ASSETS

Tangible assets

5

2,849

3,219

CURRENT ASSETS

Stocks

140,250

135,750

Debtors

6

115,271

129,677

Cash at bank and in hand

495,566

558,145

751,087

823,572

CREDITORS

Amounts falling due within one year

7

222,391

247,269

NET CURRENT ASSETS

528,696

576,303

TOTAL ASSETS LESS CURRENT LIABILITIES

531,545

579,522

PROVISIONS FOR LIABILITIES

9

337

304

NET ASSETS

531,208

579,218

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

531,108

579,118

SHAREHOLDERS' FUNDS

531,208

579,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 30 October 2025 and were signed on its behalf by:

Vijay Kumar Patel - Director

Mrs Jyoti Patel - Director

1.	STATUTORY INFORMATION

KNS 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net value of pharmaceutical goods and services sold during the period. Turnover is measured at the fair value of the consideration receivable net of value added tax and any customer rebates and discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property

-

Straight line over the lease term

Fixtures, fittings & equipment

-

25% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price. Cost includes all costs of purchase and any other costs incurred in bringing the stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

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.

Going concern

The company meets its day-to-day working capital requirements through careful management of its working capital positions. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to and from related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures,

Leasehold

fittings

property

& equipment

Totals

£

£

£

COST

At 1 May 2024

7,507

110,853

118,360

Additions

-

749

749

Disposals

-

(33,059

)

(33,059

)

At 30 April 2025

7,507

78,543

86,050

DEPRECIATION

At 1 May 2024

5,505

109,636

115,141

Charge for year

501

618

1,119

Eliminated on disposal

-

(33,059

)

(33,059

)

At 30 April 2025

6,006

77,195

83,201

NET BOOK VALUE

At 30 April 2025

1,501

1,348

2,849

At 30 April 2024

2,002

1,217

3,219

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Trade debtors

87,206

93,668

Other debtors

28,065

36,009

115,271

129,677

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Trade creditors

168,233

193,980

Taxation and social security

43,418

44,727

Other creditors

10,740

8,562

222,391

247,269

8.	LEASING AGREEMENTS

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

30/4/25

30/4/24

£

£

Within one year

17,500

16,250

Between one and five years

39,375

52,813

56,875

69,063

9.	PROVISIONS FOR LIABILITIES

30/4/25

30/4/24

£

£

Deferred tax

337

304

Deferred

tax

£

Balance at 1 May 2024

304

Accelerated capital allowances

33

Balance at 30 April 2025

337

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/25

30/4/24

value:

£

£

100

"A" Ordinary

£1

100

100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

30/4/25

30/4/24

£

£

Vijay Kumar Patel

Balance outstanding at start of year

3,430

-

Amounts advanced

8,617

11,972

Amounts repaid

(12,047

)

(8,542

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

3,430

Mrs Jyoti Patel

Balance outstanding at start of year

8,122

-

Amounts advanced

1,680

8,485

Amounts repaid

(8,500

)

(363

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,302

8,122

The above loan balances were interest free and were repayable on demand.

12.	RELATED PARTY DISCLOSURES

Included within Creditors was a balance of £1,456 (2024: £Nil) owed to a Director of the company. The balance was interest free and was repayable on demand.