IRIS Accounts Production v23.4.0.336 13198390 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure131983902022-12-31131983902023-12-31131983902023-01-012023-12-31131983902021-12-31131983902022-01-012022-12-31131983902022-12-3113198390ns16:EnglandWales2023-01-012023-12-3113198390ns15:PoundSterling2023-01-012023-12-3113198390ns11:Director12023-01-012023-12-3113198390ns11:PrivateLimitedCompanyLtd2023-01-012023-12-3113198390ns11:SmallEntities2023-01-012023-12-3113198390ns11:AuditExempt-NoAccountantsReport2023-01-012023-12-3113198390ns11:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113198390ns11:FullAccounts2023-01-012023-12-3113198390ns6:CurrentFinancialInstruments2023-12-3113198390ns6:CurrentFinancialInstruments2022-12-3113198390ns6:ShareCapital2023-12-3113198390ns6:ShareCapital2022-12-3113198390ns6:RetainedEarningsAccumulatedLosses2023-12-3113198390ns6:RetainedEarningsAccumulatedLosses2022-12-3113198390ns11:RegisteredOffice2023-01-012023-12-3113198390ns6:FurnitureFittings2023-01-012023-12-3113198390ns6:MotorVehicles2023-01-012023-12-3113198390ns6:ComputerEquipment2023-01-012023-12-3113198390ns6:FurnitureFittings2022-12-3113198390ns6:MotorVehicles2022-12-3113198390ns6:ComputerEquipment2022-12-3113198390ns6:FurnitureFittings2023-12-3113198390ns6:MotorVehicles2023-12-3113198390ns6:ComputerEquipment2023-12-3113198390ns6:FurnitureFittings2022-12-3113198390ns6:MotorVehicles2022-12-3113198390ns6:ComputerEquipment2022-12-3113198390ns6:WithinOneYearns6:CurrentFinancialInstruments2023-12-3113198390ns6:WithinOneYearns6:CurrentFinancialInstruments2022-12-31
REGISTERED NUMBER: 13198390 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Biow UK Limited

Biow UK Limited (Registered number: 13198390)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Biow UK Limited (Registered number: 13198390)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,524 36,669

CURRENT ASSETS
Stocks 319,357 360,631
Debtors 5 634,878 33,047
Cash at bank 242,617 663,016
1,196,852 1,056,694
CREDITORS
Amounts falling due within one year 6 760,348 806,881
NET CURRENT ASSETS 436,504 249,813
TOTAL ASSETS LESS CURRENT LIABILITIES 479,028 286,482

PROVISIONS FOR LIABILITIES 5,676 6,967
NET ASSETS 473,352 279,515

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 472,352 278,515
SHAREHOLDERS' FUNDS 473,352 279,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

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 by the Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:





Mrs L K Withington - Director


Biow UK Limited (Registered number: 13198390)

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

1. STATUTORY INFORMATION

Biow UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13198390

Registered office: Unit 15 Oldfield Business Park
Galveston Grove
Fenton
Stoke-on-Trent
Staffordshire
ST4 3PE

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss accountProfit and Loss Account, 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.

Biow UK Limited (Registered number: 13198390)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 15,603 15,498 24,647 55,748
Additions 1,554 21,085 3,851 26,490
At 31 December 2023 17,157 36,583 28,498 82,238
DEPRECIATION
At 1 January 2023 4,266 3,875 10,938 19,079
Charge for year 2,578 8,177 9,880 20,635
At 31 December 2023 6,844 12,052 20,818 39,714
NET BOOK VALUE
At 31 December 2023 10,313 24,531 7,680 42,524
At 31 December 2022 11,337 11,623 13,709 36,669

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,890 17,164
Amounts owed by group undertakings 603,526 -
Other debtors 27,462 15,883
634,878 33,047

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 27,987 5,810
Taxation and social security 298,666 197,963
Other creditors 433,695 603,108
760,348 806,881

7. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £226,000. These financial commitments represent the total amount of payments remaining on operating leases ending in 2028.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Bioengineering For The World Corporation S.L. The registered office of this company is Cella Monaco, 28, Las Rozas, 28230, Madrid, Spain.