D W Oliver FRCS Limited 07185015 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the provision of medical services Digita Accounts Production Advanced 6.30.9574.0 true 07185015 2023-04-01 2024-03-31 07185015 2024-03-31 07185015 core:OtherReservesSubtotal 2024-03-31 07185015 core:RetainedEarningsAccumulatedLosses 2024-03-31 07185015 core:ShareCapital 2024-03-31 07185015 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-03-31 07185015 core:CurrentFinancialInstruments 2024-03-31 07185015 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07185015 core:Goodwill 2024-03-31 07185015 core:FurnitureFittingsToolsEquipment 2024-03-31 07185015 core:MotorVehicles 2024-03-31 07185015 1 2024-03-31 07185015 bus:SmallEntities 2023-04-01 2024-03-31 07185015 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07185015 bus:FullAccounts 2023-04-01 2024-03-31 07185015 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07185015 bus:RegisteredOffice 2023-04-01 2024-03-31 07185015 bus:Director1 2023-04-01 2024-03-31 07185015 bus:Director2 2023-04-01 2024-03-31 07185015 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07185015 core:Goodwill 2023-04-01 2024-03-31 07185015 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 07185015 core:MotorVehicles 2023-04-01 2024-03-31 07185015 core:OfficeEquipment 2023-04-01 2024-03-31 07185015 countries:EnglandWales 2023-04-01 2024-03-31 07185015 1 2023-04-01 2024-03-31 07185015 2023-03-31 07185015 core:Goodwill 2023-03-31 07185015 core:FurnitureFittingsToolsEquipment 2023-03-31 07185015 core:MotorVehicles 2023-03-31 07185015 1 2023-03-31 07185015 2022-04-01 2023-03-31 07185015 2023-03-31 07185015 core:OtherReservesSubtotal 2023-03-31 07185015 core:RetainedEarningsAccumulatedLosses 2023-03-31 07185015 core:ShareCapital 2023-03-31 07185015 core:CurrentFinancialInstruments 2023-03-31 07185015 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07185015 core:FurnitureFittingsToolsEquipment 2023-03-31 07185015 core:MotorVehicles 2023-03-31 07185015 1 2023-03-31 07185015 1 2022-04-01 2023-03-31 07185015 1 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 07185015

D W Oliver FRCS Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 March 2024

 

D W Oliver FRCS Limited
(Registration number: 07185015)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

D W Oliver FRCS Limited
(Registration number: 07185015)

Company Information

Directors

Mrs H Oliver

Mr D W Oliver

Registered office

28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

D W Oliver FRCS Limited
(Registration number: 07185015)

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

35,497

47,961

Other financial assets

6

331,979

295,536

 

367,476

343,497

Current assets

 

Debtors

7

38,318

53,877

Cash at bank and in hand

 

65,202

36,087

 

103,520

89,964

Creditors: Amounts falling due within one year

8

(58,455)

(46,181)

Net current assets

 

45,065

43,783

Total assets less current liabilities

 

412,541

387,280

Provisions for liabilities

(19,232)

(13,688)

Net assets

 

393,309

373,592

Capital and reserves

 

Called up share capital

100

100

Other reserves

31,072

5,093

Profit and loss account

362,137

368,399

Total equity

 

393,309

373,592

For the financial year ending 31 March 2024 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 accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 20 August 2024 and signed on its behalf by:
 

 

D W Oliver FRCS Limited
(Registration number: 07185015)

Balance Sheet as at 31 March 2024

.........................................
Mr D W Oliver
Director

 

D W Oliver FRCS Limited
(Registration number: 07185015)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

D W Oliver FRCS Limited
(Registration number: 07185015)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line basis

Motor Vehicle

25% Reducing balance method

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

D W Oliver FRCS Limited
(Registration number: 07185015)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

D W Oliver FRCS Limited
(Registration number: 07185015)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

30,000

30,000

At 31 March 2024

30,000

30,000

Amortisation

At 1 April 2023

30,000

30,000

At 31 March 2024

30,000

30,000

Carrying amount

At 31 March 2024

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

5,821

49,062

54,883

At 31 March 2024

5,821

49,062

54,883

Depreciation

At 1 April 2023

3,934

2,988

6,922

Charge for the year

945

11,519

12,464

At 31 March 2024

4,879

14,507

19,386

Carrying amount

At 31 March 2024

942

34,555

35,497

At 31 March 2023

1,887

46,074

47,961

 

D W Oliver FRCS Limited
(Registration number: 07185015)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2023

295,536

295,536

Fair value adjustments

34,638

34,638

Additions

14,047

14,047

Disposals

(12,242)

(12,242)

At 31 March 2024

331,979

331,979

Impairment

Carrying amount

At 31 March 2024

331,979

331,979

7

Debtors

2024
£

2023
£

Trade debtors

13,140

25,059

Other debtors

4,675

10,124

Prepayments and accrued income

20,503

18,694

Total current trade and other debtors

38,318

53,877

8

Creditors

2024
£

2023
£

Due within one year

Taxation and social security

54,772

43,760

Other creditors

428

192

Accrued expenses

3,255

2,229

58,455

46,181

 

D W Oliver FRCS Limited
(Registration number: 07185015)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

9

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Interest free loan

224

83,298

(79,147)

4,375

 

224

83,298

(79,147)

4,375

       

 

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Interest free loan

13,555

114,840

(128,171)

224

 

13,555

114,840

(128,171)

224