IRIS Accounts Production v24.3.2.46 11153368 director 1.2.23 30.1.24 30.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111533682023-01-31111533682024-01-30111533682023-02-012024-01-30111533682022-01-31111533682022-02-012023-01-31111533682023-01-3111153368ns15:EnglandWales2023-02-012024-01-3011153368ns14:PoundSterling2023-02-012024-01-3011153368ns10:Director12023-02-012024-01-3011153368ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3011153368ns10:SmallEntities2023-02-012024-01-3011153368ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3011153368ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3011153368ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3011153368ns10:FullAccounts2023-02-012024-01-3011153368ns10:RegisteredOffice2023-02-012024-01-3011153368ns5:CurrentFinancialInstruments2024-01-3011153368ns5:CurrentFinancialInstruments2023-01-3111153368ns5:ShareCapital2024-01-3011153368ns5:ShareCapital2023-01-3111153368ns5:SharePremium2024-01-3011153368ns5:SharePremium2023-01-3111153368ns5:RetainedEarningsAccumulatedLosses2024-01-3011153368ns5:RetainedEarningsAccumulatedLosses2023-01-3111153368ns5:PlantMachinery2023-02-012024-01-3011153368ns5:PlantMachinery2023-01-3111153368ns5:PlantMachinery2024-01-3011153368ns5:PlantMachinery2023-01-3111153368ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3011153368ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-31
REGISTERED NUMBER: 11153368 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE PERIOD

1 FEBRUARY 2023 TO 30 JANUARY 2024

FOR

DERMAWRAP LIMITED

DERMAWRAP LIMITED (REGISTERED NUMBER: 11153368)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DERMAWRAP LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 JANUARY 2024







DIRECTOR: S P D'Arcy





REGISTERED OFFICE: 129 Green Lanes
Wylde Green
Birmingham
West Midlands
B73 5LT





REGISTERED NUMBER: 11153368 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

DERMAWRAP LIMITED (REGISTERED NUMBER: 11153368)

BALANCE SHEET
30 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,953 33,285

CURRENT ASSETS
Stocks 55,659 39,971
Debtors 5 54,222 8,473
Cash at bank 64,522 41,680
174,403 90,124
CREDITORS
Amounts falling due within one year 6 485,385 380,527
NET CURRENT LIABILITIES (310,982 ) (290,403 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(290,029

)

(257,118

)

CAPITAL AND RESERVES
Called up and paid share capital 200 200
Share premium 49,950 49,950
Retained earnings (340,179 ) (307,268 )
(290,029 ) (257,118 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 January 2024 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.

DERMAWRAP LIMITED (REGISTERED NUMBER: 11153368)

BALANCE SHEET - continued
30 JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2024 and were signed by:





S P D'Arcy - Director


DERMAWRAP LIMITED (REGISTERED NUMBER: 11153368)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 JANUARY 2024


1. STATUTORY INFORMATION

Dermawrap Limited 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.

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


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 - 33% on cost and 25% on reducing balance

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

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


DERMAWRAP LIMITED (REGISTERED NUMBER: 11153368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 JANUARY 2024


2. 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 period 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.

Going concern
The financial statements have been prepared on the going concern basis, on the understanding that the company will receive continued support from its bankers and creditors for a period of at least 12 months from the date of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 44,394
Disposals (6,343 )
At 30 January 2024 38,051
DEPRECIATION
At 1 February 2023 11,109
Charge for period 7,522
Eliminated on disposal (1,533 )
At 30 January 2024 17,098
NET BOOK VALUE
At 30 January 2024 20,953
At 31 January 2023 33,285

DERMAWRAP LIMITED (REGISTERED NUMBER: 11153368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 30 JANUARY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,308 2,342
Other debtors 51,914 6,131
54,222 8,473

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 23,860 12,336
Taxation and social security 9,239 -
Other creditors 452,286 368,191
485,385 380,527

7. RELATED PARTY DISCLOSURES

Included in other creditors is £450,886 (2023 £323,598) owed to a company which is under the control of the director. This loan is interest free and repayable on demand.

Included in other debtors is £51,405 (2023 £37,175 in other creditors) owed from a company which is under the control of the director. This loan is interest free and repayable on demand.