Acorah Software Products - Accounts Production 15.0.600 false true true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 NI670920 Mr Eric Attias Mr Julien Tizot Mr Julien Tizot Forepont Capital Partners Fund 2, LP true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI670920 2022-07-31 NI670920 2023-07-31 NI670920 2022-08-01 2023-07-31 NI670920 frs-core:ShareCapital 2023-07-31 NI670920 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 NI670920 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 NI670920 frs-bus:AbridgedAccounts 2022-08-01 2023-07-31 NI670920 frs-bus:SmallEntities 2022-08-01 2023-07-31 NI670920 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 NI670920 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 NI670920 1 2022-08-01 2023-07-31 NI670920 frs-bus:Director1 2022-08-01 2023-07-31 NI670920 frs-bus:Director2 2022-08-01 2023-07-31 NI670920 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 NI670920 frs-countries:NorthernIreland 2022-08-01 2023-07-31 NI670920 2021-07-31 NI670920 2022-07-31 NI670920 2021-08-01 2022-07-31 NI670920 frs-core:ShareCapital 2022-07-31 NI670920 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: NI670920
BIOVITESS LIMITED
ABRIDGED Financial Statements
For The Year Ended 31 July 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: NI670920
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks - 318,938
Debtors 270,271 445,155
Cash at bank and in hand 708,190 1,620,219
978,461 2,384,312
Creditors: Amounts Falling Due Within One Year (1,171,574 ) (2,400,609 )
NET CURRENT ASSETS (LIABILITIES) (193,113 ) (16,297 )
TOTAL ASSETS LESS CURRENT LIABILITIES (193,113 ) (16,297 )
NET LIABILITIES (193,113 ) (16,297 )
CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and Loss Account (193,114 ) (16,298 )
SHAREHOLDERS' FUNDS (193,113) (16,297)
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For the year ending 31 July 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.
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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Eric Attias
Director
Mr Julien Tizot
Director
24 October 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
BIOVITESS LIMITED is a private company, limited by shares, incorporated in Northern Ireland, registered number NI670920 . The registered office is Murray House, Murray Street, Belfast, Antrim, BT1 6DN.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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. 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.

2.4. 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.
2.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.6. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: 3)
- 3
4. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
5. Ultimate Controlling Party
The company's ultimate controlling party is Forepont Capital Partners Fund 2, LP by virtue of his ownership of 100% of the issued share capital in the company.
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