2022-09-012023-08-312023-08-31false11541294DERMVET LIMITED2024-04-1775000iso4217:GBPxbrli:pure115412942022-09-01115412942023-08-31115412942022-09-012023-08-31115412942021-09-01115412942022-08-31115412942021-09-012022-08-3111541294bus:SmallEntities2022-09-012023-08-3111541294bus:AuditExempt-NoAccountantsReport2022-09-012023-08-3111541294bus:FullAccounts2022-09-012023-08-3111541294bus:PrivateLimitedCompanyLtd2022-09-012023-08-3111541294core:WithinOneYear2023-08-3111541294core:AfterOneYear2023-08-3111541294core:WithinOneYear2022-08-3111541294core:AfterOneYear2022-08-3111541294core:ShareCapital2023-08-3111541294core:SharePremium2023-08-3111541294core:RevaluationReserve2023-08-3111541294core:OtherReservesSubtotal2023-08-3111541294core:RetainedEarningsAccumulatedLosses2023-08-3111541294core:ShareCapital2022-08-3111541294core:SharePremium2022-08-3111541294core:RevaluationReserve2022-08-3111541294core:OtherReservesSubtotal2022-08-3111541294core:RetainedEarningsAccumulatedLosses2022-08-3111541294core:LandBuildings2023-08-3111541294core:PlantMachinery2023-08-3111541294core:Vehicles2023-08-3111541294core:FurnitureFittings2023-08-3111541294core:OfficeEquipment2023-08-3111541294core:NetGoodwill2023-08-3111541294core:IntangibleAssetsOtherThanGoodwill2023-08-3111541294core:ListedExchangeTraded2023-08-3111541294core:UnlistedNon-exchangeTraded2023-08-3111541294core:LandBuildings2022-08-3111541294core:PlantMachinery2022-08-3111541294core:Vehicles2022-08-3111541294core:FurnitureFittings2022-08-3111541294core:OfficeEquipment2022-08-3111541294core:NetGoodwill2022-08-3111541294core:IntangibleAssetsOtherThanGoodwill2022-08-3111541294core:ListedExchangeTraded2022-08-3111541294core:UnlistedNon-exchangeTraded2022-08-3111541294core:LandBuildings2022-09-012023-08-3111541294core:PlantMachinery2022-09-012023-08-3111541294core:Vehicles2022-09-012023-08-3111541294core:FurnitureFittings2022-09-012023-08-3111541294core:OfficeEquipment2022-09-012023-08-3111541294core:NetGoodwill2022-09-012023-08-3111541294core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3111541294core:ListedExchangeTraded2022-09-012023-08-3111541294core:UnlistedNon-exchangeTraded2022-09-012023-08-3111541294core:MoreThanFiveYears2022-09-012023-08-3111541294core:Non-currentFinancialInstruments2023-08-3111541294core:Non-currentFinancialInstruments2022-08-3111541294dpl:CostSales2022-09-012023-08-3111541294dpl:DistributionCosts2022-09-012023-08-3111541294core:LandBuildings2022-09-012023-08-3111541294core:PlantMachinery2022-09-012023-08-3111541294core:Vehicles2022-09-012023-08-3111541294core:FurnitureFittings2022-09-012023-08-3111541294core:OfficeEquipment2022-09-012023-08-3111541294dpl:AdministrativeExpenses2022-09-012023-08-3111541294core:NetGoodwill2022-09-012023-08-3111541294core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3111541294dpl:GroupUndertakings2022-09-012023-08-3111541294dpl:ParticipatingInterests2022-09-012023-08-3111541294dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-012023-08-3111541294core:ListedExchangeTraded2022-09-012023-08-3111541294dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-012023-08-3111541294core:UnlistedNon-exchangeTraded2022-09-012023-08-3111541294dpl:CostSales2021-09-012022-08-3111541294dpl:DistributionCosts2021-09-012022-08-3111541294core:LandBuildings2021-09-012022-08-3111541294core:PlantMachinery2021-09-012022-08-3111541294core:Vehicles2021-09-012022-08-3111541294core:FurnitureFittings2021-09-012022-08-3111541294core:OfficeEquipment2021-09-012022-08-3111541294dpl:AdministrativeExpenses2021-09-012022-08-3111541294core:NetGoodwill2021-09-012022-08-3111541294core:IntangibleAssetsOtherThanGoodwill2021-09-012022-08-3111541294dpl:GroupUndertakings2021-09-012022-08-3111541294dpl:ParticipatingInterests2021-09-012022-08-3111541294dpl:GroupUndertakingscore:ListedExchangeTraded2021-09-012022-08-3111541294core:ListedExchangeTraded2021-09-012022-08-3111541294dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-09-012022-08-3111541294core:UnlistedNon-exchangeTraded2021-09-012022-08-3111541294core:NetGoodwill2023-08-3111541294core:IntangibleAssetsOtherThanGoodwill2023-08-3111541294core:LandBuildings2023-08-3111541294core:PlantMachinery2023-08-3111541294core:Vehicles2023-08-3111541294core:FurnitureFittings2023-08-3111541294core:OfficeEquipment2023-08-3111541294core:AfterOneYear2023-08-3111541294core:WithinOneYear2023-08-3111541294core:ListedExchangeTraded2023-08-3111541294core:UnlistedNon-exchangeTraded2023-08-3111541294core:ShareCapital2023-08-3111541294core:SharePremium2023-08-3111541294core:RevaluationReserve2023-08-3111541294core:OtherReservesSubtotal2023-08-3111541294core:RetainedEarningsAccumulatedLosses2023-08-3111541294core:NetGoodwill2022-08-3111541294core:IntangibleAssetsOtherThanGoodwill2022-08-3111541294core:LandBuildings2022-08-3111541294core:PlantMachinery2022-08-3111541294core:Vehicles2022-08-3111541294core:FurnitureFittings2022-08-3111541294core:OfficeEquipment2022-08-3111541294core:AfterOneYear2022-08-3111541294core:WithinOneYear2022-08-3111541294core:ListedExchangeTraded2022-08-3111541294core:UnlistedNon-exchangeTraded2022-08-3111541294core:ShareCapital2022-08-3111541294core:SharePremium2022-08-3111541294core:RevaluationReserve2022-08-3111541294core:OtherReservesSubtotal2022-08-3111541294core:RetainedEarningsAccumulatedLosses2022-08-3111541294core:NetGoodwill2021-09-0111541294core:IntangibleAssetsOtherThanGoodwill2021-09-0111541294core:LandBuildings2021-09-0111541294core:PlantMachinery2021-09-0111541294core:Vehicles2021-09-0111541294core:FurnitureFittings2021-09-0111541294core:OfficeEquipment2021-09-0111541294core:AfterOneYear2021-09-0111541294core:WithinOneYear2021-09-0111541294core:ListedExchangeTraded2021-09-0111541294core:UnlistedNon-exchangeTraded2021-09-0111541294core:ShareCapital2021-09-0111541294core:SharePremium2021-09-0111541294core:RevaluationReserve2021-09-0111541294core:OtherReservesSubtotal2021-09-0111541294core:RetainedEarningsAccumulatedLosses2021-09-0111541294core:AfterOneYear2022-09-012023-08-3111541294core:WithinOneYear2022-09-012023-08-3111541294core:Non-currentFinancialInstrumentscore:CostValuation2022-09-012023-08-3111541294core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-09-012023-08-3111541294core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-09-012023-08-3111541294core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-09-012023-08-3111541294core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-09-012023-08-3111541294core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-09-012023-08-3111541294core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-09-012023-08-3111541294core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-09-012023-08-3111541294core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-09-012023-08-3111541294core:Non-currentFinancialInstrumentscore:CostValuation2023-08-3111541294core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-08-3111541294core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-08-3111541294core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-08-3111541294core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-08-3111541294core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-08-3111541294core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-08-3111541294core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-08-3111541294core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-08-3111541294core:Non-currentFinancialInstrumentscore:CostValuation2022-08-3111541294core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-08-3111541294core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-08-3111541294core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-08-3111541294core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-08-3111541294core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-08-3111541294core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-08-3111541294core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-08-3111541294core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-08-3111541294bus:Director12022-09-012023-08-3111541294bus:Director22022-09-012023-08-3111541294core:FurnitureFittingsToolsEquipment2022-08-3111541294core:FurnitureFittingsToolsEquipment2022-09-012023-08-3111541294core:FurnitureFittingsToolsEquipment2023-08-31

DERMVET LIMITED

Registered Number
11541294
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

DERMVET LIMITED
Company Information
for the year from 1 September 2022 to 31 August 2023

Directors

BENTLEY, David Graeme
BENTLEY, Lisa Jane

Company Secretary

BENTLEY, Lisa Jane

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

11541294 (England and Wales)
DERMVET LIMITED
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets6266,500275,064
266,500275,064
Current assets
Debtors74,6458,534
Cash at bank and on hand40,64945,235
45,29453,769
Creditors amounts falling due within one year8(237,926)(300,442)
Net current assets (liabilities)(192,632)(246,673)
Total assets less current liabilities73,86828,391
Provisions for liabilities9(4,591)-
Net assets69,27728,391
Capital and reserves
Called up share capital100100
Profit and loss account69,17728,291
Shareholders' funds69,27728,391
The financial statements were approved and authorised for issue by the Board of Directors on 17 April 2024, and are signed on its behalf by:
BENTLEY, David Graeme
Director
Registered Company No. 11541294
DERMVET LIMITED
Notes to the Financial Statements
for the year ended 31 August 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: The building included in land and building is depreciated at 2% SLM.

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Office Equipment25
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Valuation of financial instruments policy
and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortized. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortized. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.
5.Employee information

20232022
Average number of employees during the year22
6.Property, plant and equipment

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 September 22256,33934,43517,1614,065312,000
Additions-3613917851,537
At 31 August 23256,33934,79617,5524,850313,537
Depreciation and impairment
At 01 September 224,10120,52610,3321,97736,936
Charge for year4,1013,5601,77366710,101
At 31 August 238,20224,08612,1052,64447,037
Net book value
At 31 August 23248,13710,7105,4472,206266,500
At 31 August 22252,23813,9096,8292,088275,064
7.Debtors within one year

2023

2022

££
Trade debtors / trade receivables3,5948,534
Prepayments and accrued income1,051-
Total4,6458,534
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables6,7538,306
Taxation and social security46,93430,046
Other creditors181,313262,090
Accrued liabilities and deferred income2,926-
Total237,926300,442
Included in other creditors is an amount of £181,313 (2022 : £262,090) owed to the directors.
9.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)4,591-
Total4,591-