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REGISTERED NUMBER: 06793801 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Dermacare Direct Ltd

Dermacare Direct Ltd (Registered number: 06793801)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dermacare Direct Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mrs A Patel
Mr K Patel





REGISTERED OFFICE: Stoughton Grange No. 8
Gartree Road
Oadby
Leicester
Leicestershire
LE2 2FB





REGISTERED NUMBER: 06793801 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Dermacare Direct Ltd (Registered number: 06793801)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,111 2,638

CURRENT ASSETS
Stocks 175,000 172,330
Debtors 5 8,855 9,450
Cash at bank and in hand 318,077 252,427
501,932 434,207
CREDITORS
Amounts falling due within one year 6 (89,272 ) (114,207 )
NET CURRENT ASSETS 412,660 320,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,771

322,638

PROVISIONS FOR LIABILITIES (528 ) (501 )
NET ASSETS 414,243 322,137

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 414,143 322,037
414,243 322,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Dermacare Direct Ltd (Registered number: 06793801)

Balance Sheet - continued
31 January 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:





Mrs A Patel - Director


Dermacare Direct Ltd (Registered number: 06793801)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Dermacare Direct 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.
Plant and machinery - 33% on reducing balance
Fixtures and fittings - 20% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

Dermacare Direct Ltd (Registered number: 06793801)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 February 2022 14,757 305 15,062
Additions 409 - 409
At 31 January 2023 15,166 305 15,471
DEPRECIATION
At 1 February 2022 12,407 17 12,424
Charge for year 875 61 936
At 31 January 2023 13,282 78 13,360
NET BOOK VALUE
At 31 January 2023 1,884 227 2,111
At 31 January 2022 2,350 288 2,638

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 3,040 3,645
Other debtors 5,815 5,805
8,855 9,450

Other debtors include prepayments and accrued income of £1,855 (2022: £1,845)

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 25,075 27,077
Taxation and social security 47,679 42,675
Other creditors 16,518 44,455
89,272 114,207

Other creditors includes accruals and deferred income of £1,875 (2022: £1,775)

7. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £4,659 (2022: £9,319).