Company Registration No. 12937062 (England and Wales)
Dr Tim Ltd
Unaudited accounts
for the year ended 31 October 2025
Dr Tim Ltd
Unaudited accounts
Contents
Dr Tim Ltd
Company Information
for the year ended 31 October 2025
Directors
Lee James Cottrill
Miranda Pearce
Timothy Pearce
Company Number
12937062 (England and Wales)
Registered Office
4th Floor
205 Regent Street
London
London
W1B 4HB
England
Accountants
Sleek Accounting Ltd
4th Floor
205 Regent Street
London
W1B 4HB
Dr Tim Ltd
Statement of financial position
as at 31 October 2025
Tangible assets
75,959
107,766
Debtors
1,446,633
1,480,888
Cash at bank and in hand
1,145,517
2,277,615
Creditors: amounts falling due within one year
(397,499)
(727,540)
Net current assets
2,194,651
3,030,963
Total assets less current liabilities
2,345,610
3,213,729
Provisions for liabilities
Deferred tax
(18,990)
(26,942)
Net assets
2,326,620
3,186,787
Called up share capital
3
3
Profit and loss account
2,326,617
3,186,784
Shareholders' funds
2,326,620
3,186,787
For the year ending 31 October 2025 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 April 2026 and were signed on its behalf by
Lee James Cottrill
Director
Company Registration No. 12937062
Dr Tim Ltd
Notes to the Accounts
for the year ended 31 October 2025
Dr Tim Ltd is a private company, limited by shares, registered in England and Wales, registration number 12937062. The registered office is 4th Floor, 205 Regent Street, London, London, W1B 4HB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Computer equipment
3 years straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Dr Tim Ltd
Notes to the Accounts
for the year ended 31 October 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2024
133,157
65,397
198,554
Additions
2,473
7,254
9,727
At 31 October 2025
135,630
71,808
207,438
At 1 November 2024
43,351
47,437
90,788
Charge for the year
27,417
13,274
40,691
At 31 October 2025
70,768
60,711
131,479
At 31 October 2025
64,862
11,097
75,959
At 31 October 2024
89,806
17,960
107,766
5
Investments
Other investments
Valuation at 1 November 2024
75,000
Valuation at 31 October 2025
75,000
Amounts falling due within one year
Trade debtors
499,187
660,506
Accrued income and prepayments
15,223
26,102
Other debtors
895,309
794,280
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
44,938
54,793
Taxes and social security
220,990
570,464
Other creditors
131,411
54,883
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
Dr Tim Ltd
Notes to the Accounts
for the year ended 31 October 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Total Loans
5,789
-
5,391
398
Loans are repayable on demand.
10
Transactions with related parties
The company is a subsidiary of LMT Holdings Limited. The amount owed from LMT Holdings Limited at the balance sheet date was £591,052 (2024: £767,423).
The company is related to Skinviva by virtue of common shareholders and directors. The amount owed from Skinviva as at the balance sheet date was £215,613 (2024: £11,311)
11
Average number of employees
During the year the average number of employees was 17 (2024: 13).