Registration number: 07940982

DLFrancis Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

DLFrancis Ltd

Company Information

Directors

L Francis D L Francis

Registered office

3rd Floor Lawford House, Albert Place London N3 1QA

Accountants

Sterlings Ltd Chartered AccountantsLawford House Albert Place London N3 1QA

DLFrancis Ltd

(Registration number: 07940982)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	67,330	87,417
Current assets
Debtors	6	708,491	160,438
Cash at bank and in hand		811,783	1,087,128
		1,520,274	1,247,566
Creditors: Amounts falling due within one year	7	(292,325)	(126,383)
Net current assets		1,227,949	1,121,183
Total assets less current liabilities		1,295,279	1,208,600
Provisions for liabilities		(16,832)	(21,855)
Net assets		1,278,447	1,186,745
Capital and reserves
Called up share capital	8	300	300
Profit and loss account		1,278,147	1,186,445
Shareholders' funds		1,278,447	1,186,745

For the financial year ending 28 February 2025 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 November 2025 and signed on its behalf by:
 

......................................... D L Francis Director

DLFrancis Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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:
3rd Floor Lawford House,
Albert Place
London
N3 1QA
England

These financial statements were authorised for issue by the Board on 4 November 2025.

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.

DLFrancis Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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
Furniture, fittings and equipment	25% on reducing balance

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the medical practice conducted by Mr Daren. L. Francis MBBS FRCS on 12th April 2012, and valued at £265,000. The Goodwill was valued by R A Valuation Services Limited, (qualified valuers).

Goodwill was amortised over ten years on a straight-line basis.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

DLFrancis Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Financial instruments

Classification
The company only enters into basic financial instruments that result in the recognition of financial assets or liabilities like trade debtors, other debtors, trade creditors and other creditors, loans from banks or other third parties and loans to/from related parties.

 Recognition and measurement
Debt instruments that constitute a financing transaction are initially measured at fair value of future payments and subsequently at amortised cost using the effective interest method. Debt instruments which are payable or receivable within one year such as trade debtors or trade creditors are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received.

 Impairment
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit & loss account.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

DLFrancis Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 March 2024	265,000	265,000
At 28 February 2025	265,000	265,000
Amortisation
At 1 March 2024	265,000	265,000
At 28 February 2025	265,000	265,000
Carrying amount
At 28 February 2025	-	-

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2024	58,148	88,890	147,038
Additions	2,356	-	2,356
At 28 February 2025	60,504	88,890	149,394
Depreciation
At 1 March 2024	33,232	26,389	59,621
Charge for the year	6,818	15,625	22,443
At 28 February 2025	40,050	42,014	82,064
Carrying amount
At 28 February 2025	20,454	46,876	67,330
At 29 February 2024	24,916	62,501	87,417

6

Debtors

Current	2025 £	2024 £
Trade debtors	117,972	113,959
Prepayments	28,099	22,218
Other debtors	562,420	24,261
	708,491	160,438

DLFrancis Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	286,565	120,623
Accruals and deferred income	5,760	5,760
	292,325	126,383

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100
Ordinary shares B of £1 each	100	100	100	100
Ordinary shares C of £1 each	100	100	100	100
	300	300	300	300

9	Related party transactions

As at the balance sheet date, the directors owed the company the sum of £421,611 - (2024 - £19,247).

During the year, interest in the sum of £2,364 (2024 - Nil) was charged on the directors loan account.