Doctorterry Limited Accounts

DOCTORTERRY LIMITED - Company Information






Doctorterry Limited

	Company No. 08270578
		Information for Filing with The Registrar
		31 October 2022

at	31 October 2022
Company No.		08270578	Notes	2022	2021
				£	£
Fixed assets

	Tangible assets		4	142,527	35,957


				142,527	35,957
Current assets

	Debtors		5	6,182	585

	Cash at bank and in hand			29,458	1,701
				35,640	2,286
Creditors: Amount falling due within one year			6	(159,368)	(19,295)
Net current liabilities				(123,728)	(17,009)
Total assets less current liabilities				18,799	18,948
Creditors: Amounts falling due after more than one year			7	(1,279)	(6,617)



Net assets				17,520	12,331

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		8	17,420	12,231

Total equity				17,520	12,331



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 October 2022 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 21 July 2023
And signed on its behalf by:
T. Chimes
Director
21 July 2023

for the year ended 31 October 2022

General information

Its registered number is: 08270578

Its registered office is:

4 Richmond Park

Loughton

IG10 4PQ

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Motor vehicles

18% Reducing Balance

Furniture, fittings and equipment

33.33% Straight Line

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 profit and loss account because of items of income or expense that are taxable or deductible in other years 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.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Employees
			2022	2021
			Number	Number
		The average monthly number of employees (including directors) during the year was:	3	3

4	Tangible fixed assets
			Land and buildings	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 November 2021	-	54,816	21,986	76,802
		Additions	121,020	-	629	121,649



		At 31 October 2022	121,020	54,816	22,615	198,451
		Depreciation
		At 1 November 2021	-	25,949	14,896	40,845
		Charge for the year	-	11,014	4,065	15,079



		At 31 October 2022	-	36,963	18,961	55,924
		Net book values
		At 31 October 2022	121,020	17,853	3,654	142,527
		At 31 October 2021	-	28,867	7,090	35,957

5	Debtors
			2022	2021
			£	£
		Trade debtors	5,341	-






		Prepayments and accrued income	841	585
			6,182	585

6	Creditors:
		amounts falling due within one year
			2022	2021
			£	£

		Bank loans and overdrafts	23,000	-




		Corporation tax	3,989	16,844
		Other taxes and social security	1,539	-
		Loans from directors	130,668	191

		Accruals and deferred income	172	2,260
			159,368	19,295

7	Creditors:
		amounts falling due after more than one year
			2022	2021
			£	£



		Obligations under finance lease and hire purchase contracts	1,279	6,617




			1,279	6,617

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

9	Dividends
			2022	2021
			£	£
		Dividends for the period:
		Dividends paid in the period	4,800	78,500

			4,800	78,500

		Dividends by type:

		Equity dividends	4,800	78,500
			4,800	78,500

Post balance sheet events

The business proceeded to sell the recently acquired (November 21) Investment Property being 6 Garages. The sale completed in November 22 and the Loan from Directors was subsequently cleared therafter.

Related party disclosures

2022

Transactions with related parties

Name of related party

T Chimes

Description of relationship between the parties

Director / Shareholder

Description of transaction and general amounts involved

Loan to business to purchase Garages

Amount due from/(to) the related party

65,000