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REGISTERED NUMBER: 10559469 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

DERMAWOO LIMITED

DERMAWOO LIMITED (REGISTERED NUMBER: 10559469)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DERMAWOO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Dr P N Woo
Mr D Cran



REGISTERED OFFICE: c/o Michael Heaven & Associates Limited
47 Calthorpe Road
Edgbaston
BIRMINGHAM
West Midlands
B15 1TH



REGISTERED NUMBER: 10559469 (England and Wales)



ACCOUNTANTS: Michael Heaven & Associates Limited
Chartered Certified Accountants
47 Calthorpe Road
Edgbaston
BIRMINGHAM
B15 1TH



BANKERS: Santander UK PLC
Customer Service Centre
Bootle
Merseyside
L30 4GB



INCORPORATED: 11th January 2017

DERMAWOO LIMITED (REGISTERED NUMBER: 10559469)

ABRIDGED BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,094 1,615
Investments 5 95,454 68,714
98,548 70,329

CURRENT ASSETS
Debtors 27,052 17,446
Cash at bank 387,111 308,309
414,163 325,755
CREDITORS
Amounts falling due within one year 67,904 43,325
NET CURRENT ASSETS 346,259 282,430
TOTAL ASSETS LESS CURRENT
LIABILITIES

444,807

352,759

PROVISIONS FOR LIABILITIES 6 1,386 3,332
NET ASSETS 443,421 349,427

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 443,321 349,327
SHAREHOLDERS' FUNDS 443,421 349,427

DERMAWOO LIMITED (REGISTERED NUMBER: 10559469)

ABRIDGED BALANCE SHEET - continued
30TH APRIL 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd January 2025 and were signed on its behalf by:





Dr P N Woo - Director


DERMAWOO LIMITED (REGISTERED NUMBER: 10559469)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

DermaWoo 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of medical services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due.

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 - 25% on cost
Computer equipment - 25% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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.


DERMAWOO LIMITED (REGISTERED NUMBER: 10559469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 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 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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price.

Fixed asset investments
Fixed asset investments are initially recognised at cost. At subsequent balance sheet dates they are recognised at market value.

3. EMPLOYEES AND DIRECTORS

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

DERMAWOO LIMITED (REGISTERED NUMBER: 10559469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st May 2023 7,301
Additions 3,707
At 30th April 2024 11,008
DEPRECIATION
At 1st May 2023 5,686
Charge for year 2,228
At 30th April 2024 7,914
NET BOOK VALUE
At 30th April 2024 3,094
At 30th April 2023 1,615

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1st May 2023 68,714
Additions 36,000
Revaluations (9,260 )
At 30th April 2024 95,454
NET BOOK VALUE
At 30th April 2024 95,454
At 30th April 2023 68,714

DERMAWOO LIMITED (REGISTERED NUMBER: 10559469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30th April 2024 is represented by:
Totals
£   
Valuation in 2022 (855 )
Valuation in 2023 12,569
Valuation in 2024 (9,260 )
Cost 93,000
95,454

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,386 3,332

Deferred
tax
£   
Balance at 1st May 2023 3,332
Movement (1,946 )
Balance at 30th April 2024 1,386

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

A provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months is recognised. The provision is measured at the salary cost payable for the period of absence.

DERMAWOO LIMITED (REGISTERED NUMBER: 10559469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75 Ordinary A £1 75 75
25 Ordinary B £1 25 25
100 100