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Registered number: 15082699
The Derm Specialist Ltd
Unaudited Financial Statements
For the Period 18 August 2023 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 15082699
31 March 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 2,098
2,098
CURRENT ASSETS
Debtors 5 5,512
Cash at bank and in hand 60,890
66,402
Creditors: Amounts Falling Due Within One Year 6 (61,013 )
NET CURRENT ASSETS (LIABILITIES) 5,389
TOTAL ASSETS LESS CURRENT LIABILITIES 7,487
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (399 )
NET ASSETS 7,088
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account 6,988
SHAREHOLDERS' FUNDS 7,088
Page 1
Page 2
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A M Abdel-Salam
Director
11/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Derm Specialist Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15082699 . The registered office is 19 Dempsey Court, Adenmore Road, London, SE6 4BS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% straight line
2.4. 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 statement of comprehensive income 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Computer Equipment
£
Cost
As at 18 August 2023 -
Additions 2,289
As at 31 March 2024 2,289
Depreciation
As at 18 August 2023 -
Provided during the period 191
As at 31 March 2024 191
Net Book Value
As at 31 March 2024 2,098
As at 18 August 2023 -
Page 3
Page 4
5. Debtors
31 March 2024
£
Due within one year
Trade debtors 5,512
6. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Corporation tax 15,110
Other creditors 43,000
Accruals and deferred income 2,811
Director's loan account 92
61,013
7. Deferred Taxation
The provision for deferred tax is made up as follows:
31 March 2024
£
Other timing differences 399
8. Provisions for Liabilities
Deferred Tax Total
£ £
Deferred taxation 399 399
Balance at 31 March 2024 399 399
9. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 100
Page 4