REGISTERED NUMBER: 06538985 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Parkchem Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Mackie

Mrs G J Mackie

Mrs E Brice

P Slowey

REGISTERED OFFICE:

2, Harley Terrace

Sherburn

County Durham

DH6 1DS

REGISTERED NUMBER:

06538985 (England and Wales)

ACCOUNTANTS:

Clements

Chartered Accountants

39 St Vincent Place

Glasgow

G1 2ER

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

409

2,628

409

2,628

CURRENT ASSETS

Stocks

57,107

47,984

Debtors

6

109,703

169,114

Cash at bank and in hand

55,371

60,535

222,181

277,633

CREDITORS

Amounts falling due within one year

7

137,684

139,564

NET CURRENT ASSETS

84,497

138,069

TOTAL ASSETS LESS CURRENT LIABILITIES

84,906

140,697

PROVISIONS FOR LIABILITIES

55

599

NET ASSETS

84,851

140,098

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

84,651

139,898

SHAREHOLDERS' FUNDS

84,851

140,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2026 and were signed on its behalf by:

R Mackie - Director

1.	STATUTORY INFORMATION

Parkchem Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents the consideration received or receivable for the provision of goods and services by a dispensing chemist in the normal course of business and is shown exclusive of Value Added Tax, trade discounts and volume rebates.

Revenue is recognised when the company has the right to receive it.

Goodwill

Goodwill, being the amount paid in connection with the aquisition of the business in 2008, was amortised over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and selling price less costs to complete and sell.

Financial instruments

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. £8,167 (2024 - £7,000).

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

400,000

AMORTISATION

At 1 September 2024

and 31 August 2025

400,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

14,276

Disposals

(6,582

)

At 31 August 2025

7,694

DEPRECIATION

At 1 September 2024

11,648

Charge for year

137

Eliminated on disposal

(4,500

)

At 31 August 2025

7,285

NET BOOK VALUE

At 31 August 2025

409

At 31 August 2024

2,628

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

84,399

97,982

Amounts owed by group undertakings

-

48,734

Other debtors

25,304

22,398

109,703

169,114

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

121,265

125,961

Taxation and social security

12,003

10,703

Other creditors

4,416

2,900

137,684

139,564

8.	RELATED PARTY DISCLOSURES

Dividends paid to the Parent Company, Apothicare Pharma Ltd totalled £100,584 (2024 - £100,000).

9.	ULTIMATE CONTROLLING PARTY

Apothicare Pharma Limited is regarded by the directors as being the company's ultimate controlling party.

10.	FLOATING CHARGE

Bank of Scotland Plc hold a floating charge over the assets of the company in respect of a debenture created on 31 August 2020 totalling £250,000.