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Registered Number: 08682364
England and Wales

 

 

 

DR LOUISE MAY LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

DR LOUISE MAY LIMITED
Contents Page
For the year ended 31 December 2024
 
 		 Notes
 		 2024
£		   2023
£
Turnover 2,062,921    2,569,510 
Cost of sales (1,402,392)   (1,827,570)
Gross profit 660,529    741,940 
Administrative expenses (566,354)   (695,503)
Other operating income 2,459    33,475 
Operating profit 96,634    79,912 
Other interest receivable and similar income 12,712    2,086 
Interest payable and similar charges (19,577)   (2,283)
Profit/(Loss) on ordinary activities before taxation 89,769    79,715 
Tax on profit on ordinary activities 440    43,422 
Profit/(Loss) for the financial year 90,209    123,137 
 
1
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Intangible fixed assets 3 219,719    206,597 
Tangible fixed assets 4 12,297    15,224 
232,016    221,821 
Current assets      
Debtors 5 218,640    247,991 
Cash at bank and in hand 160,245    243,805 
378,885    491,796 
Creditors: amount falling due within one year 6 (178,397)   (144,267)
Net current assets 200,488    347,529 
 
Total assets less current liabilities 432,504    569,350 
Creditors: amount falling due after more than one year 7 (65,688)   (265,303)
Provisions for liabilities 8 (1,593)   (2,033)
Net assets 365,223    302,014 
 

Capital and reserves 		     
Called up share capital 101    101 
Profit and loss account 365,122    301,913 
Shareholders' funds 365,223    302,014 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 24 September 2025 and were signed by:


-------------------------------
Dr Louise May
Director
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General Information
DR LOUISE MAY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08682364, registration address 136 Claughton Road, Birkenhead, Wirral, England, CH41 6EY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements are prepared in sterling which is the functional currency of the company.buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets, including purchased goodwill and patents, are amortised on a straight-line basis over their estimated useful economic lives. The carrying value of intangible assets is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.
Amortisation is charged to the profit and loss account to write off the cost or valuation of assets, less any residual value, over their useful lives as follows:


Settlement release fee: 10% Straight Line


The original franchise fee, relating to the Wirral and Liverpool areas, was amortised evenly over five years and was fully written off in the financial year ended 2021.
On 30 November 2023, a settlement release fee was paid to the franchisor, releasing the company from all future obligations under the franchising agreement. This fee is being amortised evenly over ten years.
Settlement Release Fees
Franchise Settlement Release Fees is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Franchise Fees of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 4% Straight Line
Motor Vehicles 33% Reducing Balance
Fixtures and Fittings 33% Reducing Balance
Computer Equipment 33% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

The average monthly number of persons (including directors) employed by the company during the period was:  
                                                                                    
Average number of employees during the year was 56 (2023 : 67).
3.

Intangible fixed assets

Cost Franchise Fees   Settlement Release Fees   Total
  £   £   £
At 01 January 2024 84,000    208,333    292,333 
Additions -    37,374    37,374 
Disposals -    -    - 
At 31 December 2024 84,000    245,707    329,707 
Amortisation
At 01 January 2024 84,000    1,736    85,736 
Charge for year -    24,252    24,252 
On disposals -    -    - 
At 31 December 2024 84,000    25,988    109,988 
Net book values
At 31 December 2024 -    219,719    219,719 
At 31 December 2023 -    206,597    206,597 


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 January 2024 5,042    10,627    3,032    22,006    40,707 
Additions -    -    1,396    1,667    3,063 
Disposals -    -    -    -    - 
At 31 December 2024 5,042    10,627    4,428    23,673    43,770 
Depreciation
At 01 January 2024 1,254    6,151    2,217    15,861    25,483 
Charge for year 202    1,476    468    3,844    5,990 
On disposals -    -    -    -    - 
At 31 December 2024 1,456    7,627    2,685    19,705    31,473 
Net book values
Closing balance as at 31 December 2024 3,586    3,000    1,743    3,968    12,297 
Opening balance as at 01 January 2024 3,788    4,476    815    6,145    15,224 


5.

Debtors: amounts falling due within one year

2024
£		   2023
£
Trade Debtors 200,531    147,223 
Prepayments & Accrued Income 7,858    6,156 
Accrued Income 9,351    35,158 
Other Debtors 900    11,575 
VAT 0    47,879 
218,640    247,991 

6.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade Creditors 2,394    2,709 
Bank Loans & Overdrafts 115,381    86,980 
PAYE & Social Security 15,734    12,232 
Accrued Expenses 14,579    20,014 
Other Creditors 510    2,271 
VAT 29,395    0 
Directors' Current Accounts 404    20,061 
178,397    144,267 
Bank Loans & Overdrafts include amounts subject to fixed and floating charges, which cover all property and the undertaking of the company. The charge also includes a negative pledge, restricting the company from creating further security over its assets without the lenders prior written consent.

7.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Bank Loans & Overdrafts 65,688    265,303 
65,688    265,303 
Bank Loans & Overdrafts include amounts subject to fixed and floating charges, which cover all property and the undertaking of the company. The charge also includes a negative pledge, restricting the company from creating further security over its assets without the lenders prior written consent.

8.

Provisions for liabilities

2024
£		   2023
£
Deferred Tax 1,593    2,033 
1,593    2,033 

9.

Director’s loan

Directors' transactions

The director of the company was owed £404 (2023: owed £20,061) by the company at the balance sheet date. The balance is interest free and repayable on demand.
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