Company Registration No. 01901636 (England and Wales)
N & B Chemists Limited
Unaudited accounts
for the year ended 31 March 2025
N & B Chemists Limited
Unaudited accounts
Contents
N & B Chemists Limited
Company Information
for the year ended 31 March 2025
Directors
Dr P K K Mohamed
N Mohamed
J Mohamed
A Akram
S Akram
Company Number
01901636 (England and Wales)
Registered Office
1 Liddell Terrace
Bensham
Gateshead
NE8 1YN
Accountants
Ask Accountants NE Limited
The Grainger Suite, Dobson House
Regent Centre
Newcastle Upon Tyne
Tyne And Wear
NE3 3PF
N & B Chemists Limited
Statement of financial position
as at 31 March 2025
Intangible assets
261,822
293,884
Tangible assets
45,892
55,825
Inventories
71,703
105,858
Cash at bank and in hand
171,059
92,535
Creditors: amounts falling due within one year
(549,764)
(222,669)
Net current (liabilities)/assets
(227,877)
39,170
Total assets less current liabilities
79,837
388,879
Creditors: amounts falling due after more than one year
-
(270,000)
Provisions for liabilities
Deferred tax
(6,578)
(7,987)
Called up share capital
100
100
Profit and loss account
73,159
110,792
Shareholders' funds
73,259
110,892
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 29 December 2025 and were signed on its behalf by
A Akram
Director
Company Registration No. 01901636
N & B Chemists Limited
Notes to the Accounts
for the year ended 31 March 2025
N & B Chemists Limited is a private company, limited by shares, registered in England and Wales, registration number 01901636. The registered office is 1 Liddell Terrace, Bensham, Gateshead, NE8 1YN.
2
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.
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
18% at reducing balance basis
Fixtures & fittings
20% at reducing balance basis
Computer equipment
18% at reducing balance basis
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
N & B Chemists 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.
4
Intangible fixed assets
Goodwill
Charge for the year
32,062
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
32,290
126,817
3,393
162,500
At 31 March 2025
32,290
127,593
3,393
163,276
At 1 April 2024
9,729
95,391
1,555
106,675
Charge for the year
4,061
6,317
331
10,709
At 31 March 2025
13,790
101,708
1,886
117,384
At 31 March 2025
18,500
25,885
1,507
45,892
At 31 March 2024
22,561
31,426
1,838
55,825
Amounts falling due within one year
N & B Chemists Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
278,990
177,083
Taxes and social security
34,449
36,392
Other creditors
236,325
9,194
8
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
80 Ordinary shares of £1 each
80
80
20 B ordinary shares of £1 each
20
20
10
Average number of employees
During the year the average number of employees was 21 (2024: 19).