Derma4U Ltd


Director	Lorna M Dunn


Registered Address	20-22 Wenlock Road
	London
	N1 7GU


Registered Number	10846216 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		3,217		2,292
			3,217		2,292
Current assets
Debtors	4	98,153		164,621
Cash at bank and on hand		224,471		24,138
		322,624		188,759
Creditors amounts falling due within one year	5	(252,571)		(122,362)
Net current assets (liabilities)			70,053		66,397
Total assets less current liabilities			73,270		68,689
Creditors amounts falling due after one year	6		(23,459)		(27,887)
Net assets			49,811		40,802
Capital and reserves
Called up share capital			1		1
Profit and loss account			49,810		40,801
Shareholders' funds			49,811		40,802

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 30 September 2025, and are signed on its behalf by:

Lorna M Dunn
Director
Registered Company No. 10846216

Derma4U Ltd

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	25

	Government grants or assistance
	Government revenue grants are recognised in the financial statements in the period in which they are received. Any related expenditure is not offset but recognised separately within the same financial period as the income is received.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	4		1

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 24	5,278	5,278
Additions	1,999	1,999
At 31 December 24	7,277	7,277
Depreciation and impairment
At 01 January 24	2,986	2,986
Charge for year	1,074	1,074
At 31 December 24	4,060	4,060
Net book value
At 31 December 24	3,217	3,217
At 31 December 23	2,292	2,292

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	18,160	92,493
Amounts owed by associates and joint ventures / participating interests	73,535	71,726
Other debtors	6,458	402
Total	98,153	164,621

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	70,537	37,016
Bank borrowings and overdrafts	4,428	5,348
Taxation and social security	71,496	76,843
Other creditors	100,271	155
Accrued liabilities and deferred income	5,839	3,000
Total	252,571	122,362


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Included in Bank Borrowings due within one year is a Bounce Back Loan which is denominated in GBP with a nominal interest rate of 2.5%, with the final instalment being due in May 2026. The total due within one year at the period end was £4,428 (2023 - £4428). This loan is guaranteed by the Government.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Included in Bank Borrowings due within one year is a Bounce Back Loan which is denominated in GBP with a nominal interest rate of 2.5%, with the final instalment being due in May 2026. The total due within one year at the period end was £4,428 (2023 - £4428). This loan is guaranteed by the Government.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	23,459	27,887
Total	23,459	27,887


	Included in Bank Borrowings due after one year is a Bounce Back Loan which is denominated in GBP with a nominal interest rate of 2.5%, with the final installment being due in May 2026. The total due after one year at the period end was £23,459 (2023 - £27,887). This loan is guaranteed by the Government.

7.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Lorna M Dunn	44,450	51,809	50,000	46,259
	44,450	51,809	50,000	46,259


	These monies had been advanced to enable the Director to carry out her duties and had been made on an unsecured, interest free basis. This loan was repaid within nine months of the year end.

8.	Related party transactions
	During the period, loans were made to Companies under common control amounting to £27,276 (2023: £27,276). These loans having been advanced on an unsecured, interest free basis, being repayable upon demand.