REGISTERED NUMBER: 13454688 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

DERMAP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Dr A H Bhat

REGISTERED OFFICE:

Ground Floor

Finchale House

Belmont Business Park

Durham

DH1 1TW

REGISTERED NUMBER:

13454688 (England and Wales)

ACCOUNTANTS:

RMT Ribchesters

Accountants and Business Advisors

Finchale House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Tangible assets

4

3,911

3,819

CURRENT ASSETS

Debtors

5

10,229

105,322

Cash at bank

45,056

45,711

55,285

151,033

CREDITORS

Amounts falling due within one year

6

56,124

30,290

NET CURRENT (LIABILITIES)/ASSETS

(839

)

120,743

TOTAL ASSETS LESS CURRENT LIABILITIES

3,072

124,562

PROVISIONS FOR LIABILITIES

978

955

NET ASSETS

2,094

123,607

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

1,994

123,507

SHAREHOLDERS' FUNDS

2,094

123,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 13 October 2025 and were signed by:

Dr A H Bhat - Director

1.	STATUTORY INFORMATION

Dermap 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.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

straight line over 3 years

Financial instruments

The company has elected to apply the provisions of section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The director has considered the financial performance and position of the company and its cash flows for a period in excess of 12 months from the date on which their, financial statement were approved. He considers that the company can operate within the finances available to it. For this reason the going concern basis of accounting has been adopted.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

5,465

Additions

1,099

At 31 March 2025

6,564

DEPRECIATION

At 1 April 2024

1,646

Charge for year

1,007

At 31 March 2025

2,653

NET BOOK VALUE

At 31 March 2025

3,911

At 31 March 2024

3,819

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

10,229

105,322

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

35,000

-

Taxation and social security

17,559

24,147

Other creditors

3,565

6,143

56,124

30,290

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1.00

-

100

75

Ordinary A shares

£1.00

75

-

25

Ordinary B shares

£1.00

25

-

100

100

8.	RELATED PARTY DISCLOSURES

During the year the company maintained an interest free loan to its parent company. At the year end the balance on the loan was £nil. (2024: £100,000).

During the year the company received an interest free loan from a group company. At the year end the balance on the loan was £35,000 (2024: NIL).

During the year the director maintained an interest free loan to the company. As at 31 March 2025 the balance on the loan was £NIL (2024: £3,743).