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REGISTERED NUMBER: SC334135 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Dermal Clinic Limited

Dermal Clinic Limited (Registered number: SC334135)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Dermal Clinic Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs J T Partridge
J Partridge





SECRETARY: J Partridge





REGISTERED OFFICE: 21-23 Church Hill Place
Morningside
EDINBURGH
EH10 4BE





REGISTERED NUMBER: SC334135 (Scotland)





ACCOUNTANT: EQ Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Dermal Clinic Limited (Registered number: SC334135)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 600 600
Property, plant and equipment 4 239,971 261,151
240,571 261,751

CURRENT ASSETS
Inventories 23,749 39,145
Debtors 5 10,790 26,906
Cash at bank 48,177 120,085
82,716 186,136
CREDITORS
Amounts falling due within one year 6 169,242 143,385
NET CURRENT (LIABILITIES)/ASSETS (86,526 ) 42,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,045

304,502

CREDITORS
Amounts falling due after more than one
year

7

(57,150

)

(102,972

)

PROVISIONS FOR LIABILITIES (32,000 ) (37,500 )
NET ASSETS 64,895 164,030

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 64,893 164,028
SHAREHOLDERS' FUNDS 64,895 164,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Dermal Clinic Limited (Registered number: SC334135)

Statement of Financial Position - continued
31 March 2024


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 14 August 2024 and were signed on its behalf by:





J Partridge - Director


Dermal Clinic Limited (Registered number: SC334135)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. 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
Revenue 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

Dermal Clinic Limited (Registered number: SC334135)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 600
NET BOOK VALUE
At 31 March 2024 600
At 31 March 2023 600

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023 499,921
Additions 1,033
Disposals (200 )
At 31 March 2024 500,754
DEPRECIATION
At 1 April 2023 238,770
Charge for year 22,158
Eliminated on disposal (145 )
At 31 March 2024 260,783
NET BOOK VALUE
At 31 March 2024 239,971
At 31 March 2023 261,151

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors - 249
Other debtors 10,790 26,657
10,790 26,906

Dermal Clinic Limited (Registered number: SC334135)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 32,000 32,000
Hire purchase contracts 15,318 16,820
Trade creditors 33,302 38,365
Taxation and social security 37,130 22,876
Other creditors 51,492 33,324
169,242 143,385

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 37,333 69,333
Hire purchase contracts 19,817 33,639
57,150 102,972