A.B. CHEMISTS LTD


Director	Mr B Ampomah


Company Secretary	AMPOMAH, Claire


Registered Address	The Clock Pharmacy 1 Gayton Road
	Gaywood
	King's Lynn
	PE30 4EA


Registered Number	03792193 (England and Wales)

Balance Sheet as at
30 November 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		66,363		36,991
			66,363		36,991
Current assets
Stocks	5	164,223		187,627
Debtors	6	1,280,933		1,290,182
Cash at bank and on hand		497,063		377,334
		1,942,219		1,855,143
Creditors amounts falling due within one year	7	(911,641)		(904,962)
Net current assets (liabilities)			1,030,578		950,181
Total assets less current liabilities			1,096,941		987,172
Creditors amounts falling due after one year	8		(2,137)		(12,283)
Provisions for liabilities	9		(1,871)		(1,871)
Net assets			1,092,933		973,018
Capital and reserves
Called up share capital			2		2
Profit and loss account			1,092,931		973,016
Shareholders' funds			1,092,933		973,018

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 31 August 2026, and are signed on its behalf by:

Mr B Ampomah
Director
Registered Company No. 03792193

A.B. CHEMISTS LTD

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	A.B. Chemists Limited 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.

	Statement of compliance
	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.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

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

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	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.

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.

	Intangible assets
	Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Fixtures and fittings	20
	Vehicles	25
	Office Equipment	25

	Stocks and work in progress
	Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	31		29

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 December 24	1,070,000	1,070,000
At 30 November 25	1,070,000	1,070,000
Amortisation and impairment
At 01 December 24	1,070,000	1,070,000
At 30 November 25	1,070,000	1,070,000
Net book value
At 30 November 25	-	-
At 30 November 24	-	-

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 December 24	78,420	77,284	49,137	13,250	218,091
Additions	-	46,200	-	-	46,200
At 30 November 25	78,420	123,484	49,137	13,250	264,291
Depreciation and impairment
At 01 December 24	77,658	45,287	46,745	11,410	181,100
Charge for year	191	15,700	477	460	16,828
At 30 November 25	77,849	60,987	47,222	11,870	197,928
Net book value
At 30 November 25	571	62,497	1,915	1,380	66,363
At 30 November 24	762	31,997	2,392	1,840	36,991

5.	Stocks

	2025	2024
	£	£
Finished goods	164,223	187,627
Total	164,223	187,627

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	695,454	582,576
Amounts owed by group undertakings	384,957	400,434
Other debtors	200,522	307,172
Total	1,280,933	1,290,182

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	484,590	483,521
Bank borrowings and overdrafts	10,000	11,862
Taxation and social security	80,060	58,990
Payments received on account	334,333	274,949
Other creditors	2,335	75,640
Accrued liabilities and deferred income	323	-
Total	911,641	904,962

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	2,137	12,283
Total	2,137	12,283

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	1,871	1,871
Total	1,871	1,871

10.	Related party transactions
	At the yearend, BenAmp Holdings Ltd, Bampnigwe Holding Company Ltd, Clamp Investment Co Ltd, Bencas Chemist Ltd, Alan Stockley & Company Ltd, Spixworth Pharmacy Ltd, East Harling Chemist Ltd and Ben Camp Properties Ltd owed £113,725 (2024: £145,425), £79,888 (2024: £79,888), £163,435 (2024: £155,211), £NIL (2024: £86,380), £107,798 (2024: £99,798), £76,300 (2024: £76,300), £3,765 (2024: £1,890) and £6,555 (2024: NIL) respectively to A.B. Chemist Ltd. The companies are related as Mr. Benjamin Ampomah is also a director of these companies.

10.

Related party transactions

At the yearend, BenAmp Holdings Ltd, Bampnigwe Holding Company Ltd, Clamp Investment Co Ltd, Bencas Chemist Ltd, Alan Stockley & Company Ltd, Spixworth Pharmacy Ltd, East Harling Chemist Ltd and Ben Camp Properties Ltd owed £113,725 (2024: £145,425), £79,888 (2024: £79,888), £163,435 (2024: £155,211), £NIL (2024: £86,380), £107,798 (2024: £99,798), £76,300 (2024: £76,300), £3,765 (2024: £1,890) and £6,555 (2024: NIL) respectively to A.B. Chemist Ltd. The companies are related as Mr. Benjamin Ampomah is also a director of these companies.