Company Registration No. 13937817 (England and Wales)
Harmonbio Limited
Unaudited accounts
for the year ended 31 December 2023
Harmonbio Limited
Unaudited accounts
Contents
Harmonbio Limited
Company Information
for the year ended 31 December 2023
Directors
Dr Valeria Acampora
Mr Gregory Bailey
Company Number
13937817 (England and Wales)
Registered Office
33 BROADWICK ST
LONDON
W1F 0DQ
UNITED KINGDOM
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
Harmonbio Limited
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
25,793
553,370
Creditors: amounts falling due within one year
(11,761)
(25,811)
Net current assets
23,506
550,490
Total assets less current liabilities
24,336
551,942
Creditors: amounts falling due after more than one year
(851,471)
(834,938)
Net liabilities
(827,135)
(282,996)
Profit and loss account
(827,135)
(282,996)
Shareholders' funds
(827,135)
(282,996)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by
Dr Valeria Acampora
Director
Company Registration No. 13937817
Harmonbio Limited
Notes to the Accounts
for the year ended 31 December 2023
Harmonbio Limited is a private company, limited by shares, registered in England and Wales, registration number 13937817. The registered office is 33 BROADWICK ST, LONDON, W1F 0DQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight line method used - over 3 years effective life
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Prior Year Adjustment - Accounts Payable
It was identified that an payable invoice was accidentally omitted from the Year Ended 31 December 2022 Financial Statements. Therefore, this payable amount has been added to the prior year's Financial Statements, to ensure their completeness.
The Company has corrected the ommission with the following prior year adjustment:
DR Unrealised Currency Gains (P&L)
DR Consulting (P&L)
CR Creditors due within One Year (Liability)
Harmonbio Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
3,842
-
Amounts falling due after more than one year
Amounts due from group undertakings etc.
2,774
-
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,297
25,811
7
Creditors: amounts falling due after more than one year
2023
2022
Taxes and social security
851,471
-
Intercompany loan with Harmon (IOM) Ltd - Parent company
Harmonbio Limited
Notes to the Accounts
for the year ended 31 December 2023
8
Transactions with related parties
At the year end, the Balance Sheet includes a payable of £851,471 due to Harmon (IOM) Ltd. Harmonbio Ltd is a 100% subsidiary of Harmon (IOM) Ltd.
Interest was charged at the HMRC official average interest rate of 2%.
The total interest payable comprises £24,872 of this balance as at 31 December 2023
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).