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REGISTERED NUMBER: 11709255 (England and Wales)















THE DOCTOR'S METHOD LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






THE DOCTOR'S METHOD LTD (REGISTERED NUMBER: 11709255)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE DOCTOR'S METHOD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Dr A Patel
Mr Y Patel





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 11709255 (England and Wales)





ACCOUNTANTS: Kounnis And Partners Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

THE DOCTOR'S METHOD LTD (REGISTERED NUMBER: 11709255)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 522,828 535,830

CURRENT ASSETS
Inventories 37,000 45,000
Debtors 5 16,874 11,934
Cash at bank and in hand 10,321 6,820
64,195 63,754
CREDITORS
Amounts falling due within one year 6 (1,285,800 ) (1,009,956 )
NET CURRENT LIABILITIES (1,221,605 ) (946,202 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(698,777

)

(410,372

)

CREDITORS
Amounts falling due after more than one
year

7

(12,250

)

(12,250

)
NET LIABILITIES (711,027 ) (422,622 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (711,029 ) (422,624 )
SHAREHOLDERS' FUNDS (711,027 ) (422,622 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 DOCTOR'S METHOD LTD (REGISTERED NUMBER: 11709255)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 4 April 2024 and were signed on its behalf by:





Dr A Patel - Director


THE DOCTOR'S METHOD LTD (REGISTERED NUMBER: 11709255)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

The Doctor'S Method Ltd 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
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on cost

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

THE DOCTOR'S METHOD LTD (REGISTERED NUMBER: 11709255)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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 3 (2022 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 288,662 377,933 24,722 7,759 699,076
Additions - - 2,805 116,558 119,363
At 31 December 2023 288,662 377,933 27,527 124,317 818,439
DEPRECIATION
At 1 January 2023 - 149,890 10,246 3,110 163,246
Charge for year - 123,623 6,181 2,561 132,365
At 31 December 2023 - 273,513 16,427 5,671 295,611
NET BOOK VALUE
At 31 December 2023 288,662 104,420 11,100 118,646 522,828
At 31 December 2022 288,662 228,043 14,476 4,649 535,830

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 29,500
DEPRECIATION
At 1 January 2023 14,750
Charge for year 7,375
At 31 December 2023 22,125
NET BOOK VALUE
At 31 December 2023 7,375
At 31 December 2022 14,750

THE DOCTOR'S METHOD LTD (REGISTERED NUMBER: 11709255)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 663 262
Other debtors 16,211 11,672
16,874 11,934

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 4,900 4,900
Trade creditors 118,145 126,312
Amounts owed to group undertakings 1,161,006 877,000
Taxation and social security 307 387
Other creditors 1,442 1,357
1,285,800 1,009,956

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 12,250 12,250

8. ULTIMATE CONTROLLING PARTY

At the year-end none of the shareholders was considered as the ultimate controlling party.