REGISTERED NUMBER: 05847168 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Medina Chemist Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Asim

M Asif

REGISTERED OFFICE:

85 - 89 Radford Road

Hyson Green

Nottingham

Nottinghamshire

NG7 5DR

REGISTERED NUMBER:

05847168 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

303,898

285,164

CURRENT ASSETS

Stocks

125,000

100,000

Debtors

5

3,225,347

2,638,247

Cash at bank and in hand

124,445

466,786

3,474,792

3,205,033

CREDITORS

Amounts falling due within one year

6

(489,583

)

(487,050

)

NET CURRENT ASSETS

2,985,209

2,717,983

TOTAL ASSETS LESS CURRENT LIABILITIES

3,289,107

3,003,147

CREDITORS

Amounts falling due after more than one year

7

(137,966

)

(148,307

)

PROVISIONS FOR LIABILITIES

(25,510

)

(19,611

)

NET ASSETS

3,125,631

2,835,229

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,125,531

2,835,129

3,125,631

2,835,229

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2026 and were signed on its behalf by:

M Asim - Director

1.	STATUTORY INFORMATION

Medina Chemist 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.Those held under hire purchase contracts are depreciated over their estimated useful lives.

Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2024

227,805

180,508

21,270

1,249

430,832

Additions

-

35,533

-

-

35,533

At 31 July 2025

227,805

216,041

21,270

1,249

466,365

DEPRECIATION

At 1 August 2024

22,781

106,509

15,598

780

145,668

Charge for year

4,556

10,953

1,135

155

16,799

At 31 July 2025

27,337

117,462

16,733

935

162,467

NET BOOK VALUE

At 31 July 2025

200,468

98,579

4,537

314

303,898

At 31 July 2024

205,024

73,999

5,672

469

285,164

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

441,847

417,118

Other debtors

2,783,500

2,221,129

3,225,347

2,638,247

Other debtors includes prepayments and accrued income of £1,439 (2024: £1,374).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

10,341

9,426

Trade creditors

240,455

296,081

Taxation and social security

196,674

178,093

Other creditors

42,113

3,450

489,583

487,050

Other creditors includes accruals and deferred income of £3,550 (2024: £3,450).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans

137,966

148,307

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

85,552

100,527

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Bank loans

148,307

157,733

Loans are secured by way of fixed and floating charges over all assets over the company.