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REGISTERED NUMBER: 09466785 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BIEDERMANN MOTECH INTERNATIONAL LIMITED

BIEDERMANN MOTECH INTERNATIONAL LIMITED (REGISTERED NUMBER: 09466785)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


BIEDERMANN MOTECH INTERNATIONAL LIMITED (REGISTERED NUMBER: 09466785)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 143,894 46,758

CURRENT ASSETS
Stocks 1,539,409 1,103,950
Debtors 5 1,015,742 792,746
Cash at bank 256,308 79,385
2,811,459 1,976,081
CREDITORS
Amounts falling due within one year 6 4,489,856 4,412,733
NET CURRENT LIABILITIES (1,678,397 ) (2,436,652 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,534,503

)

(2,389,894

)

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings (1,634,503 ) (2,489,894 )
(1,534,503 ) (2,389,894 )

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 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 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 24 September 2024 and were signed by:





Mr C Johnson - Director


BIEDERMANN MOTECH INTERNATIONAL LIMITED (REGISTERED NUMBER: 09466785)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Biedermann Motech International 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: 09466785

Registered office: 4 Wharfe Mews
Cliffe Terrace
Wetherby
West Yorkshire
LS22 6LX

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

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.

Going concern
After making sufficient enquiries, the director believes that the company has adequate resources to continue in operational existence for the foreseeable future on the grounds that Biedermann Technologies GmbH & Co. KG has confirmed that they will continue to provide sufficient financial support to the company to fund its normal trading activities for at least twelve months after the signing of the financial statements. For this reason, the director adopts the going concern basis in preparing the financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Surgical containers and equipment - 33% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

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 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.


BIEDERMANN MOTECH INTERNATIONAL LIMITED (REGISTERED NUMBER: 09466785)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

BIEDERMANN MOTECH INTERNATIONAL LIMITED (REGISTERED NUMBER: 09466785)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Surgical
containers
and Motor Office
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 418,907 - 18,744 437,651
Additions 119,273 17,995 9,133 146,401
Disposals (2,412 ) - - (2,412 )
At 31 December 2023 535,768 17,995 27,877 581,640
DEPRECIATION
At 1 January 2023 379,266 - 11,627 390,893
Charge for year 40,977 2,624 5,663 49,264
Eliminated on disposal (2,411 ) - - (2,411 )
At 31 December 2023 417,832 2,624 17,290 437,746
NET BOOK VALUE
At 31 December 2023 117,936 15,371 10,587 143,894
At 31 December 2022 39,641 - 7,117 46,758

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 847,038 784,813
Other debtors 6,456 6,098
Deferred tax asset 156,105 -
Prepayments and accrued income 6,143 1,835
1,015,742 792,746

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 557,824 567,523
Amounts owed to group undertakings 3,537,651 3,610,106
Social security and other taxes 14,753 12,605
VAT 149,098 68,467
Other creditors 3,942 3,227
Accruals and deferred income 226,588 150,805
4,489,856 4,412,733

BIEDERMANN MOTECH INTERNATIONAL LIMITED (REGISTERED NUMBER: 09466785)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year - 1,160
Between one and five years 20,736 -
20,736 1,160