3 31/01/2024 2024-01-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-02-01 Sage Accounts Production 23.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 09376974 2023-02-01 2024-01-31 09376974 2024-01-31 09376974 2023-01-31 09376974 2022-02-01 2023-01-31 09376974 2023-01-31 09376974 2022-01-31 09376974 core:NetGoodwill 2023-02-01 2024-01-31 09376974 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 09376974 core:MotorVehicles 2023-02-01 2024-01-31 09376974 bus:Director1 2023-02-01 2024-01-31 09376974 bus:Director2 2023-02-01 2024-01-31 09376974 core:NetGoodwill 2024-01-31 09376974 core:FurnitureFittingsToolsEquipment 2023-01-31 09376974 core:MotorVehicles 2023-01-31 09376974 core:PlantMachinery 2024-01-31 09376974 core:FurnitureFittingsToolsEquipment 2024-01-31 09376974 core:MotorVehicles 2024-01-31 09376974 core:WithinOneYear 2024-01-31 09376974 core:WithinOneYear 2023-01-31 09376974 core:AfterOneYear 2024-01-31 09376974 core:AfterOneYear 2023-01-31 09376974 core:ShareCapital 2024-01-31 09376974 core:ShareCapital 2023-01-31 09376974 core:RetainedEarningsAccumulatedLosses 2024-01-31 09376974 core:RetainedEarningsAccumulatedLosses 2023-01-31 09376974 core:PlantMachinery 2023-02-01 2024-01-31 09376974 core:NetGoodwill 2023-01-31 09376974 core:FurnitureFittingsToolsEquipment 2023-01-31 09376974 core:MotorVehicles 2023-01-31 09376974 bus:Director1 2023-01-31 09376974 bus:Director1 2024-01-31 09376974 bus:Director2 2023-01-31 09376974 bus:Director2 2024-01-31 09376974 bus:Director1 2022-01-31 09376974 bus:Director1 2023-01-31 09376974 bus:Director2 2022-01-31 09376974 bus:Director2 2023-01-31 09376974 bus:Director1 2022-02-01 2023-01-31 09376974 bus:Director2 2022-02-01 2023-01-31 09376974 bus:SmallEntities 2023-02-01 2024-01-31 09376974 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09376974 bus:FullAccounts 2023-02-01 2024-01-31 09376974 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09376974 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Company registration number: 09376974
BioNET Pest Control Services Ltd
Unaudited filleted financial statements
31 January 2024
BioNET Pest Control Services Ltd
Contents
Statement of financial position
Notes to the financial statements
BioNET Pest Control Services Ltd
Statement of financial position
31 January 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 8,892 11,168
_______ _______
8,892 11,168
Current assets
Debtors 7 24,323 26,295
Cash at bank and in hand 77,948 106,838
_______ _______
102,271 133,133
Creditors: amounts falling due
within one year 8 ( 40,443) ( 55,741)
_______ _______
Net current assets 61,828 77,392
_______ _______
Total assets less current liabilities 70,720 88,560
Creditors: amounts falling due
after more than one year 9 ( 15,750) ( 24,750)
_______ _______
Net assets 54,970 63,810
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 54,968 63,808
_______ _______
Shareholders funds 54,970 63,810
_______ _______
For the year ending 31 January 2024 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 04 June 2024 , and are signed on behalf of the board by:
Mr B O'Keefe
Director
Company registration number: 09376974
BioNET Pest Control Services Ltd
Notes to the financial statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Brooklands House, 58 Marlborough Road, Lancing, West Sussex, BN15 8AF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 20 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 33 % straight line
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 4 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 February 2023 and 31 January 2024 10,000 10,000
_______ _______
Amortisation
At 1 February 2023 and 31 January 2024 10,000 10,000
_______ _______
Carrying amount
At 31 January 2024 - -
_______ _______
At 31 January 2023 - -
_______ _______
6. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 - 1,724 21,605 23,329
Additions 890 - - 890
_______ _______ _______ _______
At 31 January 2024 890 1,724 21,605 24,219
_______ _______ _______ _______
Depreciation
At 1 February 2023 - 823 11,338 12,161
Charge for the year 111 488 2,567 3,166
_______ _______ _______ _______
At 31 January 2024 111 1,311 13,905 15,327
_______ _______ _______ _______
Carrying amount
At 31 January 2024 779 413 7,700 8,892
_______ _______ _______ _______
At 31 January 2023 - 901 10,267 11,168
_______ _______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors 20,940 23,140
Other debtors 3,383 3,155
_______ _______
24,323 26,295
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,052 9,000
Trade creditors 1,348 67
Corporation tax 5,725 17,630
Social security and other taxes 7,920 13,397
Other creditors 15,398 15,647
_______ _______
40,443 55,741
_______ _______
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 15,750 24,750
_______ _______
10. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr B O'Keefe ( 2,431) 1,688 - ( 743)
Mr D Piggott ( 11,416) 7,540 - ( 3,876)
_______ _______ _______ _______
( 13,847) 9,228 - ( 4,619)
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr B O'Keefe ( 1,619) ( 48,812) 48,000 ( 2,431)
Mr D Piggott ( 1,335) ( 58,831) 48,750 ( 11,416)
_______ _______ _______ _______
( 2,954) ( 107,643) 96,750 ( 13,847)
_______ _______ _______ _______