DR BRUCE MARTIN LIMITED

Company Registration Number:
06905037 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

DR BRUCE MARTIN LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

DR BRUCE MARTIN LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 56,020 70,407
Total fixed assets: 56,020 70,407
Current assets
Debtors:   77,269 57,827
Cash at bank and in hand: 294,491 176,748
Total current assets: 371,760 234,575
Creditors: amounts falling due within one year: 4 (51,798) (44,305)
Net current assets (liabilities): 319,962 190,270
Total assets less current liabilities: 375,982 260,677
Provision for liabilities: (10,600) (13,350)
Total net assets (liabilities): 365,382 247,327
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 365,282 247,227
Shareholders funds: 365,382 247,327

The notes form part of these financial statements

DR BRUCE MARTIN LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 February 2025
and signed on behalf of the board by:

Name: Dr C B Martin
Status: Director

The notes form part of these financial statements

DR BRUCE MARTIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods. Depreciation is provided on the following basis: Motor vehicles - 20% straight line Fixtures and fittings - 25% reducing balance Office equipment - 33% straight line The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Intangible fixed assets and amortisation policy

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Other accounting policies

Pensions Defined contribution pension plan 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 payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

DR BRUCE MARTIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 2 4

DR BRUCE MARTIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 81,639
At 31 May 2024 81,639
Depreciation
At 01 June 2023 11,232
Charge for year 14,387
At 31 May 2024 25,619
Net book value
At 31 May 2024 56,020
At 31 May 2023 70,407

DR BRUCE MARTIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

' 2024 2023 £ £ Trade creditors 4,822 7,490 Corporation tax 41,700 9,050 Other taxation and social security 348 - Other creditors 1,506 24,393 Accruals and deferred income 3,422 3,372 51,798 44,305

DR BRUCE MARTIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Related party transactions

Name of the related party: Mr C B Martin and Ms H J Walder
Relationship:
Directors
Description of the Transaction: The company utilises premises which are owned by the directors. The rent payable by the company in respect of these premises amounted to £18,000 (2023 - £18,000). The outstanding balance due to the directors at the year end amounted to £238 (2023 - £24,293).
£
Balance at 01 June 2023 24,293
Balance at 31 May 2024 238
Name of the related party: Sabre Medical Consultancy LLP
Relationship:
Partnership
Description of the Transaction: The company is a member of Sabre Medical Consultancy LLP and receives a profit share which is included in turnover. At the year end there is an amount due to the company of £32,991 (2023 - £22,201) and this is included in other debtors.
£
Balance at 01 June 2023 22,201
Balance at 31 May 2024 32,991
Name of the related party: Mr C B Martin and Ms H J Walder
Relationship:
Directors
Description of the Transaction: The company utilises premises which are owned by the directors. The rent payable by the company in respect of these premises amounted to £18,000 (2023 - £18,000). The outstanding balance due to the directors at the year end amounted to £238 (2023 - £24,293).
£
Balance at 01 June 2023 24,293
Balance at 31 May 2024 238
Name of the related party: Sabre Medical Consultancy LLP
Relationship:
Partnership
Description of the Transaction: The company is a member of Sabre Medical Consultancy LLP and receives a profit share which is included in turnover. At the year end there is an amount due to the company of £32,991 (2023 - £22,201) and this is included in other debtors.
£
Balance at 01 June 2023 22,201
Balance at 31 May 2024 32,991