Company Registration No. 00645989 (England and Wales)
D.L.Carter And Son Limited
Unaudited accounts
for the year ended 31 March 2025
D.L.Carter And Son Limited
Unaudited accounts
Contents
D.L.Carter And Son Limited
Company Information
for the year ended 31 March 2025
Company Number
00645989 (England and Wales)
Registered Office
Carters Chemist
114-116 Fowler Street
South Shields
Tyne and Wear
NE33 1PZ
England
Accountants
Ask Accountants NE Limited
The Grainger Suite, Dobson House
Regent Centre
Newcastle Upon Tyne
Tyne And Wear
NE3 3PF
D.L.Carter And Son Limited
Statement of financial position
as at 31 March 2025
Intangible assets
1,658,523
1,879,114
Tangible assets
314,311
276,165
Inventories
137,232
197,697
Cash at bank and in hand
252,630
333,191
Creditors: amounts falling due within one year
(930,453)
(899,779)
Net current assets
589,149
507,056
Total assets less current liabilities
2,561,983
2,662,335
Creditors: amounts falling due after more than one year
(2,099,535)
(2,293,625)
Provisions for liabilities
Deferred tax
(53,049)
(44,177)
Net assets
409,399
324,533
Called up share capital
3,000
3,000
Revaluation reserve
(20,000)
(20,000)
Profit and loss account
426,399
341,533
Shareholders' funds
409,399
324,533
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.
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 22 December 2025 and were signed on its behalf by
A Akram
Director
Company Registration No. 00645989
D.L.Carter And Son Limited
Notes to the Accounts
for the year ended 31 March 2025
D.L.Carter And Son Limited is a private company, limited by shares, registered in England and Wales, registration number 00645989. The registered office is Carters Chemist, 114-116 Fowler Street, South Shields, Tyne and Wear, NE33 1PZ, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. There were no material departures from that standard.
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.
The accounts have been prepared in sterling, which is the functional currency of the company. Monetary amounts in these
financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention.
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is considered to have a finite useful life and is amortised on a systemic basis over its expected life of 10 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:
Land & buildings
No depreciation
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
18% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
D.L.Carter And Son Limited
Notes to the Accounts
for the year ended 31 March 2025
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Intangible fixed assets
Goodwill
At 31 March 2025
2,205,905
Charge for the year
220,591
At 31 March 2025
1,658,523
At 31 March 2024
1,879,114
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Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
90,000
77,506
202,083
31,131
400,720
Additions
-
14,770
71,973
1,086
87,829
Disposals
-
(14,060)
-
-
(14,060)
At 31 March 2025
90,000
78,216
274,056
32,217
474,489
At 1 April 2024
-
19,901
96,618
8,036
124,555
Charge for the year
-
14,300
23,571
3,909
41,780
On disposals
-
(6,157)
-
-
(6,157)
At 31 March 2025
-
28,044
120,189
11,945
160,178
At 31 March 2025
90,000
50,172
153,867
20,272
314,311
At 31 March 2024
90,000
57,605
105,465
23,095
276,165
D.L.Carter And Son Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
81,361
119,549
Other debtors
929,667
693,782
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
120,568
98,106
Obligations under finance leases and hire purchase contracts
10,476
9,650
Trade creditors
613,063
661,142
Taxes and social security
121,947
33,723
Other creditors
64,399
97,158
Included within creditors: amounts falling due within one year are bank loans which are secured by way of fixed and floating charges against the assets of the company.
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Creditors: amounts falling due after more than one year
2025
2024
Bank loans
1,840,082
1,964,456
Obligations under finance leases and hire purchase contracts
28,236
38,711
Other creditors
231,217
290,458
Included within creditors: amounts falling due after one year are bank loans which are secured by way of fixed and floating charges against the assets of the company.
Allotted, called up and fully paid:
2,998 Ordinary shares of £1 each
2,998
2,998
2 A ordinary shares of £1 each
2
2
The parent undertaking of the company is A&M Pharmacy Ltd. The registered office of the parent undertaking is 114-116 Fowler Street, South Shields, NE33 1PZ, England.
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Average number of employees
During the year the average number of employees was 38 (2024: 38).