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Company Registration No. 06422028 (England and Wales)
Birmingham Chemists Limited Unaudited accounts for the year ended 31 March 2025
Birmingham Chemists Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Birmingham Chemists Limited Company Information for the year ended 31 March 2025
Directors
S K Gupta M F Ismail A K Nayyar T J Birmingham A M Birmingham
Secretary
S K Gupta
Company Number
06422028 (England and Wales)
Registered Office
Cleethorpes Primary Care Centre St. Hughs Avenue Cleethorpes North Lincolnshire DN35 8EB England
Accountants
Taj Javed Ltd Chartered Certified Accountants 28 Haslingden Drive, Heaton Bradford West Yorkshire BD9 5HR
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Birmingham Chemists Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Called up share capital not paid
(100)
(100)
Fixed assets
Intangible assets
4
129,167
179,167
Tangible assets
5
87,357
111,193
216,524
290,360
Current assets
Inventories
104,857
114,492
Debtors
307,634
271,987
Cash at bank and in hand
183,848
199,011
596,339
585,490
Creditors: amounts falling due within one year
(268,420)
(296,776)
Net current assets
327,919
288,714
Total assets less current liabilities
544,343
578,974
Provisions for liabilities
Deferred tax
(15,786)
(20,137)
Net assets
528,557
558,837
Capital and reserves
Profit and loss account
528,557
558,837
Shareholders' funds
528,557
558,837
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2025 and were signed on its behalf by
S K Gupta Director Company Registration No. 06422028
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Birmingham Chemists Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Birmingham Chemists Limited is a private company, limited by shares, registered in England and Wales, registration number 06422028. The registered office is Cleethorpes Primary Care Centre, St. Hughs Avenue, Cleethorpes, North Lincolnshire, DN35 8EB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is being amortised evenly over its estimated useful life of twenty years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance basis
Fixtures & fittings
20% Reducing balance basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories
Inventories have been valued at the lower of cost and estimated selling price after making due allowance for obsolete and slow moving items.
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Birmingham Chemists Limited Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Total
£
Cost
At 1 April 2024
1,000,000
At 31 March 2025
1,000,000
Amortisation
At 1 April 2024
820,833
Charge for the year
50,000
At 31 March 2025
870,833
Net book value
At 31 March 2025
129,167
At 31 March 2024
179,167
5
Tangible fixed assets
Total
£
Cost or valuation
At 1 April 2024
494,251
Disposals
(6,495)
At 31 March 2025
487,756
Depreciation
At 1 April 2024
383,058
Charge for the year
22,609
On disposals
(5,268)
At 31 March 2025
400,399
Net book value
At 31 March 2025
87,357
At 31 March 2024
111,193
6
Average number of employees
During the year the average number of employees was 26 (2024: 28).
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