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REGISTERED NUMBER: 09631255 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2023

for

BRISTOL NANO DYNAMICS LIMITED

BRISTOL NANO DYNAMICS LIMITED (REGISTERED NUMBER: 09631255)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRISTOL NANO DYNAMICS LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: O D Payton
L M Picco
T B Scott





REGISTERED OFFICE: Bath House
6-8 Bath Street
Redcliffe
Bristol
BS1 6HL





REGISTERED NUMBER: 09631255 (England and Wales)





ACCOUNTANTS: Haines Watts
Bath House
6-8 Bath Street
Bristol
BS1 6HL

BRISTOL NANO DYNAMICS LIMITED (REGISTERED NUMBER: 09631255)

Balance Sheet
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,937 6,054

CURRENT ASSETS
Stocks - 307,000
Debtors 5 63,435 75,908
Cash at bank 173,606 32,008
237,041 414,916
CREDITORS
Amounts falling due within one year 6 (21,920 ) (18,912 )
NET CURRENT ASSETS 215,121 396,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,058

402,058

PROVISIONS FOR LIABILITIES (985 ) (1,037 )
NET ASSETS 218,073 401,021

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 217,073 400,021
SHAREHOLDERS' FUNDS 218,073 401,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

BRISTOL NANO DYNAMICS LIMITED (REGISTERED NUMBER: 09631255)

Balance Sheet - continued
30 JUNE 2023


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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:





L M Picco - Director


BRISTOL NANO DYNAMICS LIMITED (REGISTERED NUMBER: 09631255)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023


1. COMPANY INFORMATION

Bristol Nano Dynamics 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 company's principal activities during the period of reporting were nano technology and research.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. On this basis, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year ended 30 June 2023 and derives from the sale of goods falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Work in progress
Work in progress is valued at the lower of cost and estimated fee chargeable less costs expected to be incurred to completion. Work in progress is recognised to the extent that no right to consideration exists for work at the balance sheet date. It is valued at the lower of cost and net realisable value.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

BRISTOL NANO DYNAMICS LIMITED (REGISTERED NUMBER: 09631255)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

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 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.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

BRISTOL NANO DYNAMICS LIMITED (REGISTERED NUMBER: 09631255)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022
and 30 June 2023 15,220 923 6,502 22,645
DEPRECIATION
At 1 July 2022 11,608 432 4,551 16,591
Charge for year 903 227 987 2,117
At 30 June 2023 12,511 659 5,538 18,708
NET BOOK VALUE
At 30 June 2023 2,709 264 964 3,937
At 30 June 2022 3,612 491 1,951 6,054

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 5,085 -
Tax 45,192 68,441
VAT 4,245 2,792
Prepayments 8,913 4,675
63,435 75,908

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Social security and other taxes 3,888 2,270
Other creditors 11,750 10,080
Directors' current accounts 4,282 4,282
Accruals 2,000 2,280
21,920 18,912

BRISTOL NANO DYNAMICS LIMITED (REGISTERED NUMBER: 09631255)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 16,950 -
Between one and five years 4,238 -
21,188 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100,000 Ordinary 1p 0.01 1,000 1,000