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REGISTERED NUMBER: 12907563 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2023

FOR

DERM-SURG LTD

DERM-SURG LTD (REGISTERED NUMBER: 12907563)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


DERM-SURG LTD (REGISTERED NUMBER: 12907563)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,509 2,934

CURRENT ASSETS
Debtors 6 93,045 36,124
Cash at bank 63,424 5,702
156,469 41,826
CREDITORS
Amounts falling due within one year 7 39,008 4,306
NET CURRENT ASSETS 117,461 37,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,970

40,454

PROVISIONS FOR LIABILITIES 8 2,377 558
NET ASSETS 124,593 39,896

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 123,593 38,896
SHAREHOLDERS' FUNDS 124,593 39,896

DERM-SURG LTD (REGISTERED NUMBER: 12907563)

BALANCE SHEET - continued
30 SEPTEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2024 and were signed by:





Dr R Meys Jansen - Director


DERM-SURG LTD (REGISTERED NUMBER: 12907563)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Derm-Surg Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12907563

Registered office: 48 St Leonards Road
Bexhill on Sea
East Sussex
TN40 1JB

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts receivable for services provided during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost
Fixtures and fittings - 15% on reducing balance
Equipment - 20% on reducing balance

All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


DERM-SURG LTD (REGISTERED NUMBER: 12907563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Financial instruments
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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

DERM-SURG LTD (REGISTERED NUMBER: 12907563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Computer and
equipment fittings Equipment Totals
£    £    £    £   
COST
At 1 October 2022 - 1,713 1,848 3,561
Additions 1,808 6,914 - 8,722
At 30 September 2023 1,808 8,627 1,848 12,283
DEPRECIATION
At 1 October 2022 - 257 370 627
Charge for year 597 1,255 295 2,147
At 30 September 2023 597 1,512 665 2,774
NET BOOK VALUE
At 30 September 2023 1,211 7,115 1,183 9,509
At 30 September 2022 - 1,456 1,478 2,934

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 53,449 36,124
S455 tax recoverable 12,097 -
Prepayments and accrued income 27,499 -
93,045 36,124

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 22,981 3,107
S455 tax payable 12,097 -
Accruals and deferred income 3,930 1,199
39,008 4,306

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 2,377 558

DERM-SURG LTD (REGISTERED NUMBER: 12907563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2022 558
Provided during year 1,819
Balance at 30 September 2023 2,377

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Dr R Meys Jansen
Balance outstanding at start of year 36,124 -
Amounts advanced 17,325 36,124
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 53,449 36,124

Loans to the director are repayable on demand. Interest was charged by the company to the director at 2% per annum up to 5 April 2023 and at 2.25% thereafter, on balances exceeding £10,000. Interest was charged to the director totalling £950 for the year (2022: £388).