REGISTERED NUMBER: 10702202 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

DR SAM WILLIS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr S B A Willis

Mrs V M Willis

REGISTERED OFFICE:

4 Trafalgar Place

Exeter

Devon

EX4 6AG

REGISTERED NUMBER:

10702202 (England and Wales)

ACCOUNTANTS:

Merlin Accountancy Services Ltd

2nd Floor

33 Longbrook Street

Exeter

Devon

EX4 6AW

FIXED ASSETS

Tangible assets

4

3,659

3,539

CURRENT ASSETS

Debtors

5

20,171

11,827

Cash at bank

26,645

91,889

46,816

103,716

CREDITORS

Amounts falling due within one year

6

8,358

25,762

NET CURRENT ASSETS

38,458

77,954

TOTAL ASSETS LESS CURRENT LIABILITIES

42,117

81,493

PROVISIONS FOR LIABILITIES

7

914

938

NET ASSETS

41,203

80,555

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

41,201

80,553

SHAREHOLDERS' FUNDS

10

41,203

80,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2025 and were signed on its behalf by:

Dr S B A Willis - Director

1.	STATUTORY INFORMATION

Dr Sam Willis Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

4,378

610

440

5,428

Additions

-

-

1,033

1,033

At 31 March 2025

4,378

610

1,473

6,461

DEPRECIATION

At 1 April 2024

1,510

221

158

1,889

Charge for year

573

77

263

913

At 31 March 2025

2,083

298

421

2,802

NET BOOK VALUE

At 31 March 2025

2,295

312

1,052

3,659

At 31 March 2024

2,868

389

282

3,539

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,203

-

Other debtors

13,968

11,827

20,171

11,827

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

335

Taxation and social security

7,836

24,813

Other creditors

522

614

8,358

25,762

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

914

938

Deferred

tax

£

Balance at 1 April 2024

938

Utilised during year

(24

)

Balance at 31 March 2025

914

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Dr S B A Willis and Mrs V M Willis

Balance outstanding at start of year

11,271

11,140

Amounts advanced

9,710

11,271

Amounts repaid

(7,319

)

(11,140

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,662

11,271

During the year the directors had a loan with the company. No interest was charged on this loan and there were no terms for repayment.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is not known.

10.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

2025

2024

£

£

Profit for the financial year

14,348

76,746

Dividends

(53,700

)

(64,000

)

Net (reduction)/addition to shareholders' funds

(39,352

)

12,746

Opening shareholders' funds

80,555

67,809

Closing shareholders' funds

41,203

80,555