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REGISTERED NUMBER: 02582192 (England and Wales)













Financial Statements

for the Year Ended 31 March 2024

for

V.H. Bio Limited

V.H. Bio Limited (Registered number: 02582192)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


V.H. Bio Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: A J Wortley



REGISTERED OFFICE: Unit 11B
Station Approach
Team Valley Trading Estate
Gateshead
Tyne and Wear
NE11 0ZF



REGISTERED NUMBER: 02582192 (England and Wales)



SENIOR STATUTORY AUDITOR: Gary Ellis BA BFP FCA



AUDITORS: Clive Owen LLP
Chartered Accountants and Statutory Auditors
Kepier House
Belmont Business Park
Durham
DH1 1TW

V.H. Bio Limited (Registered number: 02582192)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,823 95,098

CURRENT ASSETS
Stocks 5 730,429 594,752
Debtors 6 2,105,061 1,317,952
Cash at bank and in hand 6,925,184 5,931,445
9,760,674 7,844,149
CREDITORS
Amounts falling due within one year 7 2,589,569 1,722,933
NET CURRENT ASSETS 7,171,105 6,121,216
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,220,928

6,216,314

PROVISIONS FOR LIABILITIES 10 12,456 23,413
NET ASSETS 7,208,472 6,192,901

CAPITAL AND RESERVES
Called up share capital 11 60 60
Capital redemption reserve 10,870 10,870
Retained earnings 7,197,542 6,181,971
SHAREHOLDERS' FUNDS 7,208,472 6,192,901

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 7 August 2024 and were signed by:





A J Wortley - Director


V.H. Bio Limited (Registered number: 02582192)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

V.H. Bio 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption
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' Section 1A, not to disclose transactions conducted at a market rate.

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

Income recognition
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. This is usually at the point that the goods have been dispatched.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over period of the lease
Plant and machinery - 50% on cost and 20% on cost
Fixtures and fittings - 50% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment losses.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments, such as forward foreign currency contracts, are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate.


V.H. Bio Limited (Registered number: 02582192)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
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.

Operating 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

V.H. Bio Limited (Registered number: 02582192)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 30,080 263,337 23,535 316,952
Additions - 5,469 - 5,469
Disposals - (19,477 ) (5,970 ) (25,447 )
Impairments - (10,373 ) - (10,373 )
At 31 March 2024 30,080 238,956 17,565 286,601
DEPRECIATION
At 1 April 2023 30,080 168,239 23,535 221,854
Charge for year - 26,101 - 26,101
Eliminated on disposal - (5,207 ) (5,970 ) (11,177 )
At 31 March 2024 30,080 189,133 17,565 236,778
NET BOOK VALUE
At 31 March 2024 - 49,823 - 49,823
At 31 March 2023 - 95,098 - 95,098

5. STOCKS
2024 2023
£    £   
Stocks 730,429 594,752

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,944,601 1,165,137
Prepayments and accrued income 160,460 152,815
2,105,061 1,317,952

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,164,631 1,504,079
Corporation tax 247,776 23,210
Tax and social security 76,775 64,650
Other creditors 14,934 6,474
Foreign exchange forward
contracts 13,875 43,199
Accruals and deferred income 71,578 81,321
2,589,569 1,722,933

V.H. Bio Limited (Registered number: 02582192)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 836 14,563
Between one and five years 3,346 184
4,182 14,747

9. FINANCIAL INSTRUMENTS

2024 2023
£ £
Financial liabilities

Measured at fair value 13,875 43,199
13,875 43,199


Financial assets and liabilities are measured at fair value through the profit and loss include foreign exchange forward contracts.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 12,456 23,413

Deferred
tax
£   
Balance at 1 April 2023 23,413
Accelerated capital allowances (10,957 )
Balance at 31 March 2024 12,456

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 'C' Ordinary £1 60 60

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

The Report of the Auditors was unqualified.

Gary Ellis BA BFP FCA (Senior Statutory Auditor)
for and on behalf of Clive Owen LLP