REGISTERED NUMBER: 03055486 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

G.W. Herdman (Chemists) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Christopher Ian Vaughan

Mr Ilyas Zaheer

REGISTERED OFFICE:

29 Ryhope Street South

Sunderland

SR2 0RP

REGISTERED NUMBER:

03055486 (England and Wales)

ACCOUNTANTS:

Flannagans - Gateshead

7 Bankside

The Watermark

Gateshead

NE11 9SY

FIXED ASSETS

Tangible assets

4

241,318

258,661

CURRENT ASSETS

Stocks

51,361

46,948

Debtors

5

340,137

276,753

Cash at bank and in hand

104,235

88,388

495,733

412,089

CREDITORS

Amounts falling due within one year

6

337,126

275,749

NET CURRENT ASSETS

158,607

136,340

TOTAL ASSETS LESS CURRENT LIABILITIES

399,925

395,001

CREDITORS

Amounts falling due after more than one year

7

6,434

9,521

NET ASSETS

393,491

385,480

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

392,491

384,480

393,491

385,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 10 September 2026 and were signed on its behalf by:

Mr Ilyas Zaheer - Director

1.	STATUTORY INFORMATION

G.W. Herdman (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.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, 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 Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2025 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

436,190

106,320

542,510

Additions

-

998

998

At 31 March 2026

436,190

107,318

543,508

DEPRECIATION

At 1 April 2025

191,915

91,934

283,849

Charge for year

13,214

5,127

18,341

At 31 March 2026

205,129

97,061

302,190

NET BOOK VALUE

At 31 March 2026

231,061

10,257

241,318

At 31 March 2025

244,275

14,386

258,661

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

276,440

221,476

Other debtors

63,697

55,277

340,137

276,753

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

231,843

216,638

Taxation and social security

82,556

58,104

Other creditors

22,727

1,007

337,126

275,749

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

6,434

9,521