Abell Chemist Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 04795839

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		278,780
Tangible Assets	5		-		55,310
Investments	6		600,000		-

			600,000		334,090
CURRENT ASSETS
Stocks	7	-		77,502
Debtors	8	111,749		202,542
Cash at bank and in hand		33,702		141,320

		145,451		421,364
Creditors: Amounts Falling Due Within One Year	9	(372,001 )		(581,441 )

NET CURRENT ASSETS (LIABILITIES)			(226,550 )		(160,077 )

TOTAL ASSETS LESS CURRENT LIABILITIES			373,450		174,013

Creditors: Amounts Falling Due After More Than One Year	10		(12,672 )		(344,535 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(15,921 )		(15,921 )

NET ASSETS/(LIABILITIES)			344,857		(186,443 )

CAPITAL AND RESERVES
Called up share capital	11		2		2
Profit and Loss Account			344,855		(186,445 )

SHAREHOLDERS' FUNDS			344,857		(186,443)

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Abell Chemist Limited

Balance Sheet (continued)

As At 30 June 2025

For the year ending 30 June 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Shabbir Kassam

Director

25/06/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Abell Chemist Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04795839 . The registered office is Metroline House, 118-122 College Road, Harrow, HA1 1BQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	over the life of the lease
Fixtures & Fittings	25% reducing balance basis

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Abell Chemist Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 9)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 July 2024	1,009,536
Disposals	(278,780 )

As at 30 June 2025	730,756

Amortisation
As at 1 July 2024	730,756

As at 30 June 2025	730,756

Net Book Value
As at 30 June 2025	-

As at 1 July 2024	278,780

5. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 July 2024	100	135,205	135,305
Disposals	-	(55,310 )	(55,310 )

As at 30 June 2025	100	79,895	79,995

Depreciation
As at 1 July 2024	100	79,895	79,995

As at 30 June 2025	100	79,895	79,995

...CONTINUED

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Abell Chemist Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

Net Book Value
As at 30 June 2025	-	-	-

As at 1 July 2024	-	55,310	55,310

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 July 2024	-
Additions	600,000

As at 30 June 2025	600,000

Provision
As at 1 July 2024	-

As at 30 June 2025	-

Net Book Value
As at 30 June 2025	600,000

As at 1 July 2024	-

7. Stocks

	2025	2024
	£	£
Stock	-	77,502

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	158,432
Other debtors	59,935	13,744
VAT	49,814	28,240
Directors' loan accounts	2,000	2,000

	111,749	202,416
Due after more than one year
Other taxes and social security	-	126

	111,749	202,542

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Abell Chemist Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	187,417
Corporation tax	9,677	33,329
Other taxes and social security	22,952	59,313
Net wages	-	51,725
Other creditors	138,055	138,055
Accruals and deferred income	13,496	11,096
Directors' loan accounts	187,821	100,506

	372,001	581,441

10. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	319,863
Other creditors	12,672	24,672

	12,672	344,535

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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