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REGISTERED NUMBER: 02393156 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

The Bio-D Company Limited

The Bio-D Company Limited (Registered number: 02393156)

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


The Bio-D Company Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: L Atkin





REGISTERED OFFICE: Unit 10
Marfleet Environmental Technologies Park
Westgate Way
Hull
East Yorkshire
HU9 5LW





REGISTERED NUMBER: 02393156 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

The Bio-D Company Limited (Registered number: 02393156)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,006 4,012
Tangible assets 5 396,278 507,525
398,284 511,537

CURRENT ASSETS
Stocks 732,794 1,005,250
Debtors 6 994,665 967,699
Cash at bank and in hand 661,697 355,364
2,389,156 2,328,313
CREDITORS
Amounts falling due within one year 7 327,405 316,584
NET CURRENT ASSETS 2,061,751 2,011,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,460,035

2,523,266

PROVISIONS FOR LIABILITIES 28,913 56,505
NET ASSETS 2,431,122 2,466,761

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 2,429,122 2,464,761
SHAREHOLDERS' FUNDS 2,431,122 2,466,761

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 director acknowledges his 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 Bio-D Company Limited (Registered number: 02393156)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:





L Atkin - Director


The Bio-D Company Limited (Registered number: 02393156)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

The Bio-D Company 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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.


Sale of goods - internet based transactions:
The company sells goods via its websites for delivery to the customer which is mainly on a wholesale basis. Revenue is recognised when the risks and rewards of the inventory are passed to the customer, which is the point of acceptance of the goods by the customer. Transactions are settled by credit or payment card.
Sales are made to businesses with a right to return within 28 days, subject to certain conditions. Accumulated experience is used to estimate and provide for such returns at the time of sale.

Certain brands have 'concession arrangements' in the stores whereby the company receives a fixed percentage payment based on the concessionaires' revenue. This revenue is recognised on an accruals basis.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of six years.

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
Fixtures and fittings - 25% on cost
Bicycle equipment - 67% on cost
Computer equipment - 25% on cost

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

The Bio-D Company Limited (Registered number: 02393156)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 37 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022
and 30 June 2023 12,036
AMORTISATION
At 1 July 2022 8,024
Charge for year 2,006
At 30 June 2023 10,030
NET BOOK VALUE
At 30 June 2023 2,006
At 30 June 2022 4,012

The Bio-D Company Limited (Registered number: 02393156)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


5. TANGIBLE FIXED ASSETS
Imprvmts
to Fixtures
leasehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2022 242,338 669,947 72,967
Additions - 2,587 10,743
At 30 June 2023 242,338 672,534 83,710
DEPRECIATION
At 1 July 2022 - 485,410 48,046
Charge for year - 82,832 13,843
At 30 June 2023 - 568,242 61,889
NET BOOK VALUE
At 30 June 2023 242,338 104,292 21,821
At 30 June 2022 242,338 184,537 24,921

Bicycle Computer
equipment equipment Totals
£    £    £   
COST
At 1 July 2022 8,208 133,891 1,127,351
Additions 616 1,041 14,987
At 30 June 2023 8,824 134,932 1,142,338
DEPRECIATION
At 1 July 2022 7,655 78,715 619,826
Charge for year 756 28,803 126,234
At 30 June 2023 8,411 107,518 746,060
NET BOOK VALUE
At 30 June 2023 413 27,414 396,278
At 30 June 2022 553 55,176 507,525

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 612,388 604,097
Other debtors 382,277 363,602
994,665 967,699

The Bio-D Company Limited (Registered number: 02393156)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 245,502 263,979
Taxation and social security 76,367 39,951
Other creditors 5,536 12,654
327,405 316,584