Company Registration No. 02130741 (England and Wales)
Hogg Chemists Limited
Unaudited accounts
for the year ended 31 March 2025
Hogg Chemists Limited
Unaudited accounts
Contents
Hogg Chemists Limited
Company Information
for the year ended 31 March 2025
Company Number
02130741 (England and Wales)
Registered Office
216-220 Westoe Road
South Shields
Tyne and Wear
NE33 3PW
England
Accountants
Ask Accountants NE Limited
The Grainger Suite, Dobson House
Regent Centre
Newcastle Upon Tyne
Tyne And Wear
NE3 3PF
Hogg Chemists Limited
Statement of financial position
as at 31 March 2025
Tangible assets
28,685
29,631
Cash at bank and in hand
112,419
11,161
Creditors: amounts falling due within one year
(143,409)
(121,865)
Net current assets
74,045
25,997
Called up share capital
100
100
Profit and loss account
102,630
55,528
Shareholders' funds
102,730
55,628
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
H Ahmed
Director
Company Registration No. 02130741
Hogg Chemists Limited
Notes to the Accounts
for the year ended 31 March 2025
Hogg Chemists Limited is a private company, limited by shares, registered in England and Wales, registration number 02130741. The registered office is 216-220 Westoe Road, South Shields, Tyne and Wear, NE33 3PW, England.
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 £.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
In the prior period the accounting reference date was changed to 31 March 2024, shortening the reporting period by 5 months. This was a decision made by the directors for commercial reasons. Therefore the comparative amounts presented in the accounts (including the related notes) are not entirely comparable.
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:
Land & buildings
2% straight line
Fixtures & fittings
15% reducing balance to 50% straight line
Computer equipment
10% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Hogg 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
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
55,252
42,139
5,848
103,239
At 31 March 2025
55,252
42,306
5,848
103,406
At 1 April 2024
25,621
42,139
5,848
73,608
Charge for the year
1,105
8
-
1,113
At 31 March 2025
26,726
42,147
5,848
74,721
At 31 March 2025
28,526
159
-
28,685
At 31 March 2024
29,631
-
-
29,631
Amounts falling due within one year
Trade debtors
61,503
55,502
Other debtors
1,357
58,072
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
64,944
54,970
Taxes and social security
5,892
29,678
Other creditors
72,573
37,217
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Hogg Chemists Limited
Notes to the Accounts
for the year ended 31 March 2025
The parent undertaking of the company is Trajan Healthcare Ltd. The registered office of the parent undertaking is 44 Trajan Avenue, South Shields, NE33 2AN.
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Average number of employees
During the year the average number of employees was 6 (2024: 4).