Registered number
13016823
DOCTIME LIMITED
Unaudited Filleted Accounts
31 March 2024
DOCTIME LIMITED
Company Information
Directors
Mr A Hossain
Mr B Kent (Resigned on 11 July 2024)
Mr S Watson (Resigned on 11 July 2024)
Mr G Gorti (Appointed on 21 July 2023, resigned on 11 July 2024)
Mr C Patel (Appointed on 21 July 2023, resigned on 11 July 2024)
Mr W Delylle (Resigned on 1 June 2023)
Accountants
Key Business Consultants LLP
13 Whitchurch Lane
Edgware
HA8 6JZ
Bankers
Metro Bank plc
Wise Payments Ltd
Registered office
2 George Street
Grays
RM17 6LY
Registered number
13016823
DOCTIME LIMITED
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of DOCTIME LIMITED for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DOCTIME LIMITED for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Key Business Consultants LLP
Chartered Accountants
13 Whitchurch Lane
Edgware
HA8 6JZ
24 December 2024
DOCTIME LIMITED
Registered number: 13016823
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 1,228,691 857,258
Current assets
Debtors 4 4,283 152,722
Cash at bank and in hand 29,911 160,954
34,194 313,676
Creditors: amounts falling due within one year 5 (656,363) (224,952)
Net current (liabilities)/assets (622,169) 88,724
Net assets 606,522 945,982
Capital and reserves
Called up share capital 208 183
Share premium 2,860,323 2,860,348
Profit and loss account (2,254,009) (1,914,549)
Shareholders' funds 606,522 945,982
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Hossain
Director
Approved by the board on 24 December 2024
DOCTIME LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). These accounts have been prepared under the going concern basis due to the shareholder's continued financial support.

The Company continues to develop its telehealth service in Bangladesh, but at present the business is operating at a loss and is expected to continue to operate at a loss throughout the next 12 months. The Directors anticipate that further funding will be required during the current financial year. While the Directors are carefully controlling operating costs and exploring funding opportunities, there is material uncertainty about the Company’s ability to continue as a going concern if such funding is not obtained.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
1 Accounting policies (cont.)
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 4
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 857,258
Additions 371,433
At 31 March 2024 1,228,691
4 Debtors 2024 2023
£ £
Other debtors 4,283 152,722
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 17,742 32,133
Taxation and social security costs 1,648 5,691
Other creditors 636,973 187,128
656,363 224,952
6 Events after the reporting date
Included in Other Creditors is £636,973 in convertible loan notes, which all converted into non-voting shares, in a new deal at a different conversion rate from their contracted terms, after the year end in a capital restructure.
7 Related party transactions
During the year, the company incurred £166,333 (2023: £354,414) in respect of software development services provided by Media365 Limited, a company incorporated in Bangladesh, which has common shareholders to the company. The services were provided on an arm's length basis.
8 Controlling party
During the year, the ultimate control remained with the shareholders collectively.
9 Other information
DOCTIME LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
2 George Street
Grays
RM17 6LY
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