Bios Management Limited 11875304 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is financial consultancy Digita Accounts Production Advanced 6.30.9574.0 true true 11875304 2023-01-01 2023-12-31 11875304 2023-12-31 11875304 core:CurrentFinancialInstruments 2023-12-31 11875304 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11875304 core:FurnitureFittingsToolsEquipment 2023-12-31 11875304 bus:SmallEntities 2023-01-01 2023-12-31 11875304 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11875304 bus:FilletedAccounts 2023-01-01 2023-12-31 11875304 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11875304 bus:RegisteredOffice 2023-01-01 2023-12-31 11875304 bus:Director1 2023-01-01 2023-12-31 11875304 bus:Director2 2023-01-01 2023-12-31 11875304 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11875304 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 11875304 core:OfficeEquipment 2023-01-01 2023-12-31 11875304 countries:EnglandWales 2023-01-01 2023-12-31 11875304 2022-12-31 11875304 core:FurnitureFittingsToolsEquipment 2022-12-31 11875304 2022-04-01 2022-12-31 11875304 2022-12-31 11875304 core:CurrentFinancialInstruments 2022-12-31 11875304 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 11875304 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 11875304

Bios Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Bios Management Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Bios Management Limited

Company Information

Directors

Mr A Giraudo

Mr F Ghi

Registered office

Spaces
Angel Islington
70 White Lion Street
London
N1 9PP

Accountants

Botterill & Co
Chartered Certified Accoountants
First Floor Offices
40 Norwood
Beverley
East Yorkshire
HU17 9EY

 

Bios Management Limited

(Registration number: 11875304)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,914

3,491

Current assets

 

Debtors

5

727,842

371,094

Cash at bank and in hand

 

156,671

114,909

 

884,513

486,003

Creditors: Amounts falling due within one year

6

(668,243)

(354,349)

Net current assets

 

216,270

131,654

Net assets

 

219,184

135,145

Capital and reserves

 

Called up share capital

7

5,000

5,000

Retained earnings

214,184

130,145

Shareholders' funds

 

219,184

135,145

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 September 2024 and signed on its behalf by:
 

 

Bios Management Limited

(Registration number: 11875304)
Balance Sheet as at 31 December 2023

.........................................
Mr A Giraudo
Director

.........................................
Mr F Ghi
Director

 

Bios Management Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Spaces
Angel Islington
70 White Lion Street
London
N1 9PP

These financial statements were authorised for issue by the Board on 11 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Bios Management Limited

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

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

Over 3 Years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Bios Management Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2022 - 5).

 

Bios Management Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

4,458

4,458

Additions

909

909

At 31 December 2023

5,367

5,367

Depreciation

At 1 January 2023

967

967

Charge for the year

1,486

1,486

At 31 December 2023

2,453

2,453

Carrying amount

At 31 December 2023

2,914

2,914

At 31 December 2022

3,491

3,491

5

Debtors

Current

2023
£

2022
£

Trade debtors

715,549

367,003

Prepayments

12,293

4,091

 

727,842

371,094

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

545,493

262,797

Taxation and social security

120,800

67,186

Accruals and deferred income

1,950

24,366

668,243

354,349

 

Bios Management Limited

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

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary Share capital of £1 each

5,000

5,000

5,000

5,000