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REGISTERED NUMBER: 06183906 (England and Wales)














DERMACEA LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH MARCH 2024






DERMACEA LTD (REGISTERED NUMBER: 06183906)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DERMACEA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH MARCH 2024







DIRECTOR: Lord D J Marsden





REGISTERED OFFICE: Dermacea House
1 Western Road
Hagley
Stourbridge
West Midlands
DY9 0LB





REGISTERED NUMBER: 06183906 (England and Wales)

DERMACEA LTD (REGISTERED NUMBER: 06183906)

BALANCE SHEET
28TH MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 488,145 505,275
Investments 5 194,697 194,697
Investment property 6 381,803 381,803
1,064,645 1,081,775

CURRENT ASSETS
Stocks 955,995 983,338
Debtors 7 869,506 719,657
Cash at bank 289,154 410,935
2,114,655 2,113,930
CREDITORS
Amounts falling due within one year 8 234,890 275,976
NET CURRENT ASSETS 1,879,765 1,837,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,944,410

2,919,729

CREDITORS
Amounts falling due after more than one
year

9

(243,200

)

(253,129

)

PROVISIONS FOR LIABILITIES 10 (13,647 ) (16,012 )
NET ASSETS 2,687,563 2,650,588

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 2,686,563 2,649,588
SHAREHOLDERS' FUNDS 2,687,563 2,650,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DERMACEA LTD (REGISTERED NUMBER: 06183906)

BALANCE SHEET - continued
28TH 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 director and authorised for issue on 17th December 2024 and were signed by:





Lord D J Marsden - Director


DERMACEA LTD (REGISTERED NUMBER: 06183906)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH MARCH 2024

1. STATUTORY INFORMATION

Dermacea Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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
Turnover 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 etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks 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 balance sheet date.

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.

Investments
Investments are stated at their fair value at each balance sheet date. Any fair value adjustment is recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

DERMACEA LTD (REGISTERED NUMBER: 06183906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 29th March 2023 416,320 649,603 1,065,923
Additions - 4,455 4,455
At 28th March 2024 416,320 654,058 1,070,378
DEPRECIATION
At 29th March 2023 - 560,648 560,648
Charge for year - 21,585 21,585
At 28th March 2024 - 582,233 582,233
NET BOOK VALUE
At 28th March 2024 416,320 71,825 488,145
At 28th March 2023 416,320 88,955 505,275

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£ £
Artwork 194,697 194,697

The directors have considered there not to be a material change in value in the artwork investment.

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 29th March 2023
and 28th March 2024 381,803
NET BOOK VALUE
At 28th March 2024 381,803
At 28th March 2023 381,803

The investment property has been valued at fair value by the directors.

7. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 356,661 416,793
Other debtors 420,388 266,712
777,049 683,505

DERMACEA LTD (REGISTERED NUMBER: 06183906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH MARCH 2024

7. DEBTORS - continued
2024 2023
£ £
Amounts falling due after more than one year:
Other debtors 92,457 36,152

Aggregate amounts 869,506 719,657

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 152,582 268,013
Taxation and social security 61,586 -
Other creditors 20,722 7,963
234,890 275,976

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 243,200 253,129

Bank loans due more than one year relate to an interest only mortgage which is due to be repaid in June 2030.

10. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 13,647 16,012

Deferred tax
£
Balance at 29th March 2023 16,012
Provided during year (2,365 )
Balance at 28th March 2024 13,647

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,000 Ordinary 1 1,000 1,000

DERMACEA LTD (REGISTERED NUMBER: 06183906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH MARCH 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28th March 2024 and 28th March 2023:

2024 2023
£ £
Lord D J Marsden
Balance outstanding at start of year 174,847 163,560
Amounts advanced 233,220 11,287
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 408,067 174,847

During the year interest of £6,688 (2023 - £2,987) was charged on overdrawn directors' loan accounts.