ALLEN & BARNFIELD CHEMISTS LIMITED

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

Registered number: 02204489

		2026		2025 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		17,211		18,121
Investment Properties	5		6,468		8,085
Investments	6		100,000		100,000

			123,679		126,206
CURRENT ASSETS
Stocks	7	51,245		52,174
Debtors	8	108,414		117,708
Cash at bank and in hand		345,508		296,701

		505,167		466,583
Creditors: Amounts Falling Due Within One Year	9	(310,372 )		(312,310 )

NET CURRENT ASSETS (LIABILITIES)			194,795		154,273

TOTAL ASSETS LESS CURRENT LIABILITIES			318,474		280,479

Creditors: Amounts Falling Due After More Than One Year	10		(219,960 )		(219,960 )

NET ASSETS			98,514		60,519

CAPITAL AND RESERVES
Called up share capital	12		604		604
Capital redemption reserve			60,100		60,100
Profit and Loss Account			37,810		(185 )

SHAREHOLDERS' FUNDS			98,514		60,519

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ALLEN & BARNFIELD CHEMISTS LIMITED

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 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 Asad Ali

Director

05/06/2026

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

1. General Information

ALLEN & BARNFIELD CHEMISTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 02204489 . The registered office is FOXHILL MEDICAL CENTRE, FOXHILL ROAD, SHEFFIELD, S6 1GE.

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. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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	straight line over twenty five years
Motor Vehicles	20%
Fixtures & Fittings	10% straight line
Computer Equipment	20%

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

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.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. 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 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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.

...CONTINUED

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ALLEN & BARNFIELD CHEMISTS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.6. Taxation - continued

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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 22 (2025: 22)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 March 2025	3,980	143,474	-	147,454
Additions	-	317	3,075	3,392

As at 28 February 2026	3,980	143,791	3,075	150,846

Depreciation
As at 1 March 2025	2,676	126,657	-	129,333
Provided during the period	261	3,426	615	4,302

As at 28 February 2026	2,937	130,083	615	133,635

Net Book Value
As at 28 February 2026	1,043	13,708	2,460	17,211

As at 1 March 2025	1,304	16,817	-	18,121

5. Investment Property

	2026
	£
Fair Value
As at 1 March 2025	36,000
Depreciation and impairment	(29,532 )

As at 28 February 2026	6,468

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2026	2025 as restated
	£	£
Cost	36,000	36,000
Accumulated depreciation and impairment	29,532	27,915

Carrying amount	6,468	8,085

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ALLEN & BARNFIELD CHEMISTS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 March 2025	100,000

As at 28 February 2026	100,000

Provision
As at 1 March 2025	-

As at 28 February 2026	-

Net Book Value
As at 28 February 2026	100,000

As at 1 March 2025	100,000

7. Stocks

	2026	2025 as restated
	£	£
Finished goods	51,245	52,174

8. Debtors

	2026	2025 as restated
	£	£
Due within one year
Trade debtors	75,098	80,172
Other debtors	17,216	17,216
VAT	16,099	20,320
Directors' loan accounts	1	-

	108,414	117,708

9. Creditors: Amounts Falling Due Within One Year

	2026	2025 as restated
	£	£
Trade creditors	208,550	247,640
Corporation tax	29,010	13,857
Other taxes and social security	21,881	5,683
Other creditors	50,931	45,130

	310,372	312,310

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ALLEN & BARNFIELD CHEMISTS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

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

	2026	2025 as restated
	£	£
Bank loans	56,098	56,098
Directors' loan account	163,862	163,862

	219,960	219,960

11. Deferred Taxation

The provision for deferred tax is made up as follows:

12. Share Capital

	2026	2025 as restated
	£	£
Allotted, Called up and fully paid	604	604

13. Dividends

	2026	2025 as restated
	£	£
On equity shares:
Final dividend paid	46,508	12,000

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