W.A.Salter (Chemists) Limited - Abbreviated accounts 16.1
W.A.Salter (Chemists) Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE PERIOD 1 OCTOBER 2014 TO 31 AUGUST 2015 |
| FOR |
| W.A.SALTER (CHEMISTS) LIMITED |
| W.A.SALTER (CHEMISTS) LIMITED (REGISTERED NUMBER: 00486347) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Period 1 October 2014 to 31 August 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| W.A.SALTER (CHEMISTS) LIMITED |
| COMPANY INFORMATION |
| for the Period 1 October 2014 to 31 August 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| W.A.SALTER (CHEMISTS) LIMITED (REGISTERED NUMBER: 00486347) |
| ABBREVIATED BALANCE SHEET |
| 31 August 2015 |
| 2015 | 2014 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 | 141,628 | 147,597 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| W.A.SALTER (CHEMISTS) LIMITED (REGISTERED NUMBER: 00486347) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 August 2015 |
| The financial statements were approved by the director on |
| W.A.SALTER (CHEMISTS) LIMITED (REGISTERED NUMBER: 00486347) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Period 1 October 2014 to 31 August 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents the net value of NHS dispensing income and goods sold, excluding value added tax. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of businesses in 2006 and 2007, is being |
| amortised evenly over a useful economic life of twenty years. |
| Tangible fixed assets |
| Tangible fixed assets are stated cost less depreciation. |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
| life; |
| Leasehold property - 2% on reducing balance |
| Fixtures and fittings - 15% on reducing balance |
| Motor vehicles - 25% on reducing balance |
| Computer equipment - 33% on reducing balance |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Leasing commitments |
| Rentals paid under operating leases are charged to the profit & loss account as incurred. |
| 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 the profit and loss account in the period to which they relate. |
| Financial instruments |
| The company utilises an invoice factoring facility. The substance of the agreement is that of a secured loan. |
| Separate presentation of assets and liabilities is therefore appropriate. Trade debtors are shown within assets and |
| a corresponding liability in respect of the proceeds received from the factor is shown within current liabilities. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 October 2014 |
| and 31 August 2015 |
| AMORTISATION |
| At 1 October 2014 |
| Amortisation for period |
| At 31 August 2015 |
| NET BOOK VALUE |
| At 31 August 2015 |
| At 30 September 2014 |
| W.A.SALTER (CHEMISTS) LIMITED (REGISTERED NUMBER: 00486347) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Period 1 October 2014 to 31 August 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 October 2014 |
| Disposals | ( |
) |
| At 31 August 2015 |
| DEPRECIATION |
| At 1 October 2014 |
| Charge for period |
| Eliminated on disposal | ( |
) |
| At 31 August 2015 |
| NET BOOK VALUE |
| At 31 August 2015 |
| At 30 September 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | as restated |
| £ | £ |
| Ordinary | £1 |
| 6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 31 August 2015 and the year |
| ended 30 September 2014: |
| 2015 | 2014 |
| as restated |
| £ | £ |
| Balance outstanding at start of period |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of period |
| The above balance is unsecured, repayable on demand and interest at 4% was charged during the year. |