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Registered number: 11230071
Biosure Global Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11230071
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 26,000
Tangible Assets 5 21,140 31,710
Investments 6 1,000 1,000
22,140 58,710
CURRENT ASSETS
Stocks 7 3,290 10,280
Debtors 8 57,444 66,721
Cash at bank and in hand 15,287 21,606
76,021 98,607
Creditors: Amounts Falling Due Within One Year 9 (534,432 ) (420,699 )
NET CURRENT ASSETS (LIABILITIES) (458,411 ) (322,092 )
TOTAL ASSETS LESS CURRENT LIABILITIES (436,271 ) (263,382 )
Creditors: Amounts Falling Due After More Than One Year 10 (551,716 ) (294,916 )
NET LIABILITIES (987,987 ) (558,298 )
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account (988,087 ) (558,398 )
SHAREHOLDERS' FUNDS (987,987) (558,298)
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Thornton
Director
26/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Biosure Global Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11230071 . The registered office is Purfleet Works, London Road, Grays, Essex, RM20 3NL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 2 years.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of 2 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
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4. Intangible Assets
Goodwill Intellectual Property Total
£ £ £
Cost
As at 1 January 2023 51,000 1,000 52,000
As at 31 December 2023 51,000 1,000 52,000
Amortisation
As at 1 January 2023 25,500 500 26,000
Provided during the period 25,500 500 26,000
As at 31 December 2023 51,000 1,000 52,000
Net Book Value
As at 31 December 2023 - - -
As at 1 January 2023 25,500 500 26,000
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 42,280
As at 31 December 2023 42,280
Depreciation
As at 1 January 2023 10,570
Provided during the period 10,570
As at 31 December 2023 21,140
Net Book Value
As at 31 December 2023 21,140
As at 1 January 2023 31,710
6. Investments
Subsidiaries
£
Cost
As at 1 January 2023 1,000
As at 31 December 2023 1,000
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 1,000
As at 1 January 2023 1,000
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7. Stocks
2023 2022
£ £
Stock 3,290 10,280
8. Debtors
2023 2022
£ £
Due within one year
Trade debtors 27,055 34,148
Other debtors 30,389 24,867
VAT - 7,706
57,444 66,721
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 134,744 92,831
Bank loans and overdrafts - 1
Other taxes and social security - 9,482
Other creditors 299,060 218,204
Director's loan account 100,628 100,181
534,432 420,699
10. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 551,716 294,916
551,716 294,916
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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