2023-02-012024-01-312024-01-31false12427096DERM4U LTD2024-08-1585590iso4217:GBPxbrli:pure124270962023-02-01124270962024-01-31124270962023-02-012024-01-31124270962022-02-01124270962023-01-31124270962022-02-012023-01-3112427096bus:SmallEntities2023-02-012024-01-3112427096bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3112427096bus:FullAccounts2023-02-012024-01-3112427096bus:PrivateLimitedCompanyLtd2023-02-012024-01-3112427096core:WithinOneYear2024-01-3112427096core:AfterOneYear2024-01-3112427096core:WithinOneYear2023-01-3112427096core:AfterOneYear2023-01-3112427096core:ShareCapital2024-01-3112427096core:SharePremium2024-01-3112427096core:RevaluationReserve2024-01-3112427096core:OtherReservesSubtotal2024-01-3112427096core:RetainedEarningsAccumulatedLosses2024-01-3112427096core:ShareCapital2023-01-3112427096core:SharePremium2023-01-3112427096core:RevaluationReserve2023-01-3112427096core:OtherReservesSubtotal2023-01-3112427096core:RetainedEarningsAccumulatedLosses2023-01-3112427096core:LandBuildings2024-01-3112427096core:PlantMachinery2024-01-3112427096core:Vehicles2024-01-3112427096core:FurnitureFittings2024-01-3112427096core:OfficeEquipment2024-01-3112427096core:NetGoodwill2024-01-3112427096core:IntangibleAssetsOtherThanGoodwill2024-01-3112427096core:ListedExchangeTraded2024-01-3112427096core:UnlistedNon-exchangeTraded2024-01-3112427096core:LandBuildings2023-01-3112427096core:PlantMachinery2023-01-3112427096core:Vehicles2023-01-3112427096core:FurnitureFittings2023-01-3112427096core:OfficeEquipment2023-01-3112427096core:NetGoodwill2023-01-3112427096core:IntangibleAssetsOtherThanGoodwill2023-01-3112427096core:ListedExchangeTraded2023-01-3112427096core:UnlistedNon-exchangeTraded2023-01-3112427096core:LandBuildings2023-02-012024-01-3112427096core:PlantMachinery2023-02-012024-01-3112427096core:Vehicles2023-02-012024-01-3112427096core:FurnitureFittings2023-02-012024-01-3112427096core:OfficeEquipment2023-02-012024-01-3112427096core:NetGoodwill2023-02-012024-01-3112427096core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3112427096core:ListedExchangeTraded2023-02-012024-01-3112427096core:UnlistedNon-exchangeTraded2023-02-012024-01-3112427096core:MoreThanFiveYears2023-02-012024-01-3112427096core:Non-currentFinancialInstruments2024-01-3112427096core:Non-currentFinancialInstruments2023-01-3112427096dpl:CostSales2023-02-012024-01-3112427096dpl:DistributionCosts2023-02-012024-01-3112427096core:LandBuildings2023-02-012024-01-3112427096core:PlantMachinery2023-02-012024-01-3112427096core:Vehicles2023-02-012024-01-3112427096core:FurnitureFittings2023-02-012024-01-3112427096core:OfficeEquipment2023-02-012024-01-3112427096dpl:AdministrativeExpenses2023-02-012024-01-3112427096core:NetGoodwill2023-02-012024-01-3112427096core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3112427096dpl:GroupUndertakings2023-02-012024-01-3112427096dpl:ParticipatingInterests2023-02-012024-01-3112427096dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3112427096core:ListedExchangeTraded2023-02-012024-01-3112427096dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3112427096core:UnlistedNon-exchangeTraded2023-02-012024-01-3112427096dpl:CostSales2022-02-012023-01-3112427096dpl:DistributionCosts2022-02-012023-01-3112427096core:LandBuildings2022-02-012023-01-3112427096core:PlantMachinery2022-02-012023-01-3112427096core:Vehicles2022-02-012023-01-3112427096core:FurnitureFittings2022-02-012023-01-3112427096core:OfficeEquipment2022-02-012023-01-3112427096dpl:AdministrativeExpenses2022-02-012023-01-3112427096core:NetGoodwill2022-02-012023-01-3112427096core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3112427096dpl:GroupUndertakings2022-02-012023-01-3112427096dpl:ParticipatingInterests2022-02-012023-01-3112427096dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3112427096core:ListedExchangeTraded2022-02-012023-01-3112427096dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3112427096core:UnlistedNon-exchangeTraded2022-02-012023-01-3112427096core:NetGoodwill2024-01-3112427096core:IntangibleAssetsOtherThanGoodwill2024-01-3112427096core:LandBuildings2024-01-3112427096core:PlantMachinery2024-01-3112427096core:Vehicles2024-01-3112427096core:FurnitureFittings2024-01-3112427096core:OfficeEquipment2024-01-3112427096core:AfterOneYear2024-01-3112427096core:WithinOneYear2024-01-3112427096core:ListedExchangeTraded2024-01-3112427096core:UnlistedNon-exchangeTraded2024-01-3112427096core:ShareCapital2024-01-3112427096core:SharePremium2024-01-3112427096core:RevaluationReserve2024-01-3112427096core:OtherReservesSubtotal2024-01-3112427096core:RetainedEarningsAccumulatedLosses2024-01-3112427096core:NetGoodwill2023-01-3112427096core:IntangibleAssetsOtherThanGoodwill2023-01-3112427096core:LandBuildings2023-01-3112427096core:PlantMachinery2023-01-3112427096core:Vehicles2023-01-3112427096core:FurnitureFittings2023-01-3112427096core:OfficeEquipment2023-01-3112427096core:AfterOneYear2023-01-3112427096core:WithinOneYear2023-01-3112427096core:ListedExchangeTraded2023-01-3112427096core:UnlistedNon-exchangeTraded2023-01-3112427096core:ShareCapital2023-01-3112427096core:SharePremium2023-01-3112427096core:RevaluationReserve2023-01-3112427096core:OtherReservesSubtotal2023-01-3112427096core:RetainedEarningsAccumulatedLosses2023-01-3112427096core:NetGoodwill2022-02-0112427096core:IntangibleAssetsOtherThanGoodwill2022-02-0112427096core:LandBuildings2022-02-0112427096core:PlantMachinery2022-02-0112427096core:Vehicles2022-02-0112427096core:FurnitureFittings2022-02-0112427096core:OfficeEquipment2022-02-0112427096core:AfterOneYear2022-02-0112427096core:WithinOneYear2022-02-0112427096core:ListedExchangeTraded2022-02-0112427096core:UnlistedNon-exchangeTraded2022-02-0112427096core:ShareCapital2022-02-0112427096core:SharePremium2022-02-0112427096core:RevaluationReserve2022-02-0112427096core:OtherReservesSubtotal2022-02-0112427096core:RetainedEarningsAccumulatedLosses2022-02-0112427096core:AfterOneYear2023-02-012024-01-3112427096core:WithinOneYear2023-02-012024-01-3112427096core:Non-currentFinancialInstrumentscore:CostValuation2023-02-012024-01-3112427096core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-012024-01-3112427096core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-012024-01-3112427096core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-012024-01-3112427096core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-012024-01-3112427096core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-012024-01-3112427096core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3112427096core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3112427096core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3112427096core:Non-currentFinancialInstrumentscore:CostValuation2024-01-3112427096core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-3112427096core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-3112427096core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-3112427096core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-3112427096core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-3112427096core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-3112427096core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-3112427096core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-3112427096core:Non-currentFinancialInstrumentscore:CostValuation2023-01-3112427096core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-3112427096core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-3112427096core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-3112427096core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-3112427096core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-3112427096core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-3112427096core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-3112427096core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-3112427096bus:Director12023-02-012024-01-3112427096bus:Director22023-02-012024-01-31

DERM4U LTD

Registered Number
12427096
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

DERM4U LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

Savin Madan
Vishal Madan

Company Secretary

Savin Madan

Registered Address

179 Park Lane
Poynton
Stockport
SK12 1RH

Registered Number

12427096 (England and Wales)
DERM4U LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets383,487100,146
83,487100,146
Current assets
Debtors-2,833
Cash at bank and on hand1,674,714807,474
1,674,714810,307
Creditors amounts falling due within one year4(306,829)(176,722)
Net current assets (liabilities)1,367,885633,585
Total assets less current liabilities1,451,372733,731
Net assets1,451,372733,731
Capital and reserves
Profit and loss account1,451,372733,731
Shareholders' funds1,451,372733,731
The financial statements were approved and authorised for issue by the Board of Directors on 15 August 2024, and are signed on its behalf by:
Savin Madan
Director
Vishal Madan
Director

Registered Company No. 12427096
DERM4U LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
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.
Statement of compliance
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.
Basis of preparation
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 February 23-147,4305,408152,838
Additions4,324-6,57310,897
At 31 January 244,324147,43011,981163,735
Depreciation and impairment
At 01 February 23-48,4714,22152,692
Charge for year96124,7401,85527,556
At 31 January 2496173,2116,07680,248
Net book value
At 31 January 243,36374,2195,90583,487
At 31 January 23-98,9591,187100,146
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables677-
Taxation and social security305,993155,711
Other creditors15921,011
Total306,829176,722
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
5.Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.