| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 JUNE 2024 |
| FOR |
| BDM MEDICAL LIMITED |
| TRADING AS |
| DOCTALY |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 JUNE 2024 |
| FOR |
| BDM MEDICAL LIMITED |
| TRADING AS |
| DOCTALY |
| BDM MEDICAL LIMITED (REGISTERED NUMBER: 09305354) |
| TRADING AS DOCTALY |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 JUNE 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| BDM MEDICAL LIMITED |
| TRADING AS DOCTALY |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 28 JUNE 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Unit 2.02 High Weald House |
| Glovers End, Bexhill, |
| East Sussex, |
| United Kingdom |
| TN39 5ES |
| BDM MEDICAL LIMITED (REGISTERED NUMBER: 09305354) |
| TRADING AS DOCTALY |
| STATEMENT OF FINANCIAL POSITION |
| 28 JUNE 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Share premium |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| BDM MEDICAL LIMITED (REGISTERED NUMBER: 09305354) |
| TRADING AS DOCTALY |
| STATEMENT OF FINANCIAL POSITION - continued |
| 28 JUNE 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| BDM MEDICAL LIMITED (REGISTERED NUMBER: 09305354) |
| TRADING AS DOCTALY |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 JUNE 2024 |
| 1. | STATUTORY INFORMATION |
| BDM Medical Limited is a |
| The presentation currency of the financial statements is Sterling (£), rounded to the nearest whole Pound. |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| The preparation of financial statements in conformity with FRS 102 section 1A requires the use of certain critical accounting estimates. lt also requires management to exercise judgement in applying the company's accounting policies. |
| ACCOUNTING ESTIMATES AND JUDGEMENTS |
| In preparing the financial statements, the directors are required to make estimates and judgements about the carrying amounts of assets and liabilities. The estimates and assumptions are reviewed on an ongoing basis and are based on historical experience and other factors that are considered by the directors to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised. |
| TURNOVER |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Intangible fixed assets |
| Intangible Fixed Assets consists of software and development costs capitalised. Amortisation is provided at rates calculated to write off the cost of Intangible assets, less their estimated residual value, over their expected useful lives of 5 years on straight line basis. |
| TANGIBLE FIXED ASSETS |
| Fixtures and fittings | - |
| 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. |
| BDM MEDICAL LIMITED (REGISTERED NUMBER: 09305354) |
| TRADING AS DOCTALY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 JUNE 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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. |
| BDM MEDICAL LIMITED (REGISTERED NUMBER: 09305354) |
| TRADING AS DOCTALY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 JUNE 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| FINANCIAL INSTRUMENTS |
| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. |
| Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| BASIC FINANCIAL ASSETS |
| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. |
| CLASSIFICATION OF FINANCIAL LIABILITIES |
| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
| BASIC FINANCIAL LIABILITIES |
| Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. |
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. |
| GOVERNMENT GRANT |
| Grants receivable under the government's Job Retention Scheme are recognised as other operating income within the profit and loss account when there is reasonable assurance that the entity will comply with the conditions attached to the grant and that the grant income will be received. Grant income relating to the Job Retention Scheme will be recognised in the period to which the underlying furloughed staff costs relate to and when the payroll liability has been incurred by the company. The income is taxable and amounts not received by the reporting date are included in other debtors. |
| GOING CONCERN |
| The accounts have been prepared under the going concern basis, as the directors of the company has agreed to provide the company with continued funding, to enable it to meet its liabilities as they fall due. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| BDM MEDICAL LIMITED (REGISTERED NUMBER: 09305354) |
| TRADING AS DOCTALY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 JUNE 2024 |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 29 June 2023 |
| Additions |
| At 28 June 2024 |
| AMORTISATION |
| At 29 June 2023 |
| Charge for year |
| At 28 June 2024 |
| NET BOOK VALUE |
| At 28 June 2024 |
| At 28 June 2023 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 29 June 2023 |
| and 28 June 2024 |
| DEPRECIATION |
| At 29 June 2023 |
| Charge for year |
| At 28 June 2024 |
| NET BOOK VALUE |
| At 28 June 2024 |
| At 28 June 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Deferred tax asset |
| BDM MEDICAL LIMITED (REGISTERED NUMBER: 09305354) |
| TRADING AS DOCTALY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 JUNE 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| Other creditors |
| 9. | DEFERRED TAX |
| £ |
| Balance at 29 June 2023 | ( |
) |
| Provided during year | ( |
) |
| Balance at 28 June 2024 | ( |
) |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary A | £0.00001 | 1,531 | 128 |
| Ordinary B | £0.00001 | 7 | 7 |
| 1,538 | 135 |
| 140,764,861 Ordinary A shares of £0.00001 each were allotted as fully paid |
| 11. | CONTROLLING PARTY |
| The company is controlled by the directors. |