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REGISTERED NUMBER: 03840593 (England and Wales)


















Financial Statements

for the Year Ended 31 December 2023

for

Bionics Service Centre Limited

Bionics Service Centre Limited (Registered number: 03840593)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bionics Service Centre Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: K Tanaka





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





REGISTERED NUMBER: 03840593 (England and Wales)





AUDITORS: Mudd Partners LLP
Statutory Auditors
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Bionics Service Centre Limited (Registered number: 03840593)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 11,838 3,039
Cash at bank 26,744 34,025
38,582 37,064
CREDITORS
Amounts falling due within one year 5 11,854 10,344
NET CURRENT ASSETS 26,728 26,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,728

26,720

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 25,728 25,720
SHAREHOLDERS' FUNDS 26,728 26,720

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 6 March 2024 and were signed by:





K Tanaka - Director


Bionics Service Centre Limited (Registered number: 03840593)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Bionics Service Centre 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax (having regard to the fulfilment of contractual obligations).

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.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Bionics Service Centre Limited (Registered number: 03840593)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 7,800 -
Other debtors 4,038 3,039
11,838 3,039

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 4,005 455
Taxation and social security 5,515 7,789
Other creditors 2,334 2,100
11,854 10,344

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 368 4,417
Between one and five years - 368
368 4,785

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeffrey Stanley FCA (Senior Statutory Auditor)
for and on behalf of Mudd Partners LLP

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Bionics Service Centre Limited (Registered number: 03840593)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. PARENT UNDERTAKING

The parent undertaking and controlling party is New Cosmos-BIE BV.

The registered office of the parent undertaking is:

Maxwellstraat 7 NL-1704 SG
Heerhugowaard
Netherlands

ULTIMATE PARENT COMPANY

The company's ultimate parent company is New Cosmos Electric Co. Ltd, a company incorporated in Japan and registered on the Jasdaq Securities Exchange in Japan. As a result, the company has a number of shareholders and therefore it is not possible to identify the ultimate controlling party.

The address from which summary financial information can be obtained is
www.newcosmos-global.com/ir/information.