Mountford Chemists Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02320718

Mountford Chemists Limited

Filleted Unaudited Financial Statements

31 March 2026

Mountford Chemists Limited

Balance Sheet

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	6	3,352	2,759

Current assets

Stocks		150,022	150,108
Debtors	7	377,307	283,827
Cash at bank and in hand		237,783	374,741
		---------	---------
		765,112	808,676

Creditors: amounts falling due within one year	8	399,032	484,675
		---------	---------
Net current assets		366,080	324,001
		---------	---------
Total assets less current liabilities		369,432	326,760
		---------	---------
Net assets		369,432	326,760
		---------	---------

Capital and reserves

Called up share capital	9	108,000	108,000
Share premium account		66,000	66,000
Profit and loss account		195,432	152,760
		---------	---------
Shareholders funds		369,432	326,760
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Mountford Chemists Limited

Balance Sheet (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 25 September 2026 , and are signed on behalf of the board by:

Mr R M Shah

Director

Company registration number: 02320718

Mountford Chemists Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 East Barnet Road, New Barnet, Herts, EN4 8RR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	7% to 14% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold land and buildings	-	14% straight line
Fixtures, fittings and equipment	-	25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 20 (2025: 16 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2025 and 31 March 2026	167,500
	---------
Amortisation
At 1 April 2025 and 31 March 2026	167,500
	---------
Carrying amount
At 31 March 2026	–
	---------
At 31 March 2025	–
	---------

6. Tangible assets

	Leasehold improvements	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 April 2025	27,000	153,360	180,360
Additions	–	2,852	2,852
	--------	---------	---------
At 31 March 2026	27,000	156,212	183,212
	--------	---------	---------
Depreciation
At 1 April 2025	27,000	150,601	177,601
Charge for the year	–	2,259	2,259
	--------	---------	---------
At 31 March 2026	27,000	152,860	179,860
	--------	---------	---------
Carrying amount
At 31 March 2026	–	3,352	3,352
	--------	---------	---------
At 31 March 2025	–	2,759	2,759
	--------	---------	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	228,528	211,112
Amounts owed by group undertakings	93,289	–
Other debtors	55,490	72,715
	---------	---------
	377,307	283,827
	---------	---------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	332,007	340,436
Amounts owed to group undertakings	–	72,380
Corporation tax	62,110	68,102
Social security and other taxes	1,097	1,087
Other creditors	3,818	2,670
	---------	---------
	399,032	484,675
	---------	---------

9. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
A Ordinary shares shares of £ 1 each	72,000	72,000	72,000	72,000
B Ordinary shares shares of £ 1 each	36,000	36,000	36,000	36,000
	---------	---------	---------	---------
	108,000	108,000	108,000	108,000
	---------	---------	---------	---------

10. Other financial commitments

	2026	2025
	£	£
Total commitments under non-cancellable operating leases over the remaining life of those leases	579,663	605,058

11. Related party transactions

The company has taken advantage of the exemption from disclosing related party transactions with other companies that are wholly owned within the group.

12. Controlling party

The company's parent undertaking is Curewell Limited , incorporated in England with the same registered office as the company. Curewell Limited does not prepare consolidated accounts because it is a parent of a small group. There is no controlling party in Curewell Limited as no shareholder has more than 50% beneficial holding.