IRIS Accounts Production v24.3.2.46 02393156 director 1.7.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh023931562023-06-30023931562024-06-30023931562023-07-012024-06-30023931562022-06-30023931562022-07-012023-06-30023931562023-06-3002393156ns15:EnglandWales2023-07-012024-06-3002393156ns14:PoundSterling2023-07-012024-06-3002393156ns10:Director12023-07-012024-06-3002393156ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3002393156ns10:SmallEntities2023-07-012024-06-3002393156ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3002393156ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3002393156ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3002393156ns10:FullAccounts2023-07-012024-06-300239315612023-07-012024-06-3002393156ns10:RegisteredOffice2023-07-012024-06-3002393156ns5:CurrentFinancialInstruments2024-06-3002393156ns5:CurrentFinancialInstruments2023-06-3002393156ns5:ShareCapital2024-06-3002393156ns5:ShareCapital2023-06-3002393156ns5:RetainedEarningsAccumulatedLosses2024-06-3002393156ns5:RetainedEarningsAccumulatedLosses2023-06-3002393156ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3002393156ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-07-012024-06-3002393156ns5:PlantMachinery2023-07-012024-06-3002393156ns5:FurnitureFittings2023-07-012024-06-3002393156ns5:MotorVehicles2023-07-012024-06-3002393156ns5:ComputerEquipment2023-07-012024-06-3002393156ns5:IntangibleAssetsOtherThanGoodwill2023-06-3002393156ns5:IntangibleAssetsOtherThanGoodwill2024-06-3002393156ns5:IntangibleAssetsOtherThanGoodwill2023-06-3002393156ns5:LeaseholdImprovements2023-06-3002393156ns5:PlantMachinery2023-06-3002393156ns5:FurnitureFittings2023-06-3002393156ns5:LeaseholdImprovements2023-07-012024-06-3002393156ns5:LeaseholdImprovements2024-06-3002393156ns5:PlantMachinery2024-06-3002393156ns5:FurnitureFittings2024-06-3002393156ns5:LeaseholdImprovements2023-06-3002393156ns5:PlantMachinery2023-06-3002393156ns5:FurnitureFittings2023-06-3002393156ns5:MotorVehicles2023-06-3002393156ns5:ComputerEquipment2023-06-3002393156ns5:MotorVehicles2024-06-3002393156ns5:ComputerEquipment2024-06-3002393156ns5:MotorVehicles2023-06-3002393156ns5:ComputerEquipment2023-06-3002393156ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3002393156ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 02393156 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

The Bio-D Company Limited

The Bio-D Company Limited (Registered number: 02393156)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Bio-D Company Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: L Atkin





REGISTERED OFFICE: Unit 10
Marfleet Environmental Technologies Park
Westgate Way
Hull
East Yorkshire
HU9 5LW





REGISTERED NUMBER: 02393156 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

The Bio-D Company Limited (Registered number: 02393156)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,006
Tangible assets 5 317,666 396,278
317,666 398,284

CURRENT ASSETS
Stocks 642,569 732,794
Debtors 6 975,026 994,665
Cash at bank and in hand 1,134,005 661,697
2,751,600 2,389,156
CREDITORS
Amounts falling due within one year 7 500,860 327,405
NET CURRENT ASSETS 2,250,740 2,061,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,568,406

2,460,035

PROVISIONS FOR LIABILITIES 7,318 28,913
NET ASSETS 2,561,088 2,431,122

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 2,559,088 2,429,122
SHAREHOLDERS' FUNDS 2,561,088 2,431,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 Bio-D Company Limited (Registered number: 02393156)

Balance Sheet - continued
30 June 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 November 2024 and were signed by:





L Atkin - Director


The Bio-D Company Limited (Registered number: 02393156)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

The Bio-D Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

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

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.


Sale of goods - internet based transactions:
The company sells goods via its websites for delivery to the customer which is mainly on a wholesale basis. Revenue is recognised when the risks and rewards of the inventory are passed to the customer, which is the point of acceptance of the goods by the customer. Transactions are settled by credit or payment card.
Sales are made to businesses with a right to return within 28 days, subject to certain conditions. Accumulated experience is used to estimate and provide for such returns at the time of sale.

Certain brands have 'concession arrangements' in the stores whereby the company receives a fixed percentage payment based on the concessionaires' revenue. This revenue is recognised on an accruals basis.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of six years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Bicycle equipment - 67% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

The Bio-D Company Limited (Registered number: 02393156)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 12,036
AMORTISATION
At 1 July 2023 10,030
Charge for year 2,006
At 30 June 2024 12,036
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 2,006

The Bio-D Company Limited (Registered number: 02393156)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


5. TANGIBLE FIXED ASSETS
Imprvmts
to Fixtures
leasehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 242,338 672,534 83,710
Additions 8,425 4,152 1,847
At 30 June 2024 250,763 676,686 85,557
DEPRECIATION
At 1 July 2023 - 568,242 61,889
Charge for year - 62,370 11,889
At 30 June 2024 - 630,612 73,778
NET BOOK VALUE
At 30 June 2024 250,763 46,074 11,779
At 30 June 2023 242,338 104,292 21,821

Bicycle Computer
equipment equipment Totals
£    £    £   
COST
At 1 July 2023 8,824 134,932 1,142,338
Additions 209 1,522 16,155
At 30 June 2024 9,033 136,454 1,158,493
DEPRECIATION
At 1 July 2023 8,411 107,518 746,060
Charge for year 325 20,183 94,767
At 30 June 2024 8,736 127,701 840,827
NET BOOK VALUE
At 30 June 2024 297 8,753 317,666
At 30 June 2023 413 27,414 396,278

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 591,863 612,388
Other debtors 383,163 382,277
975,026 994,665

The Bio-D Company Limited (Registered number: 02393156)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 278,187 245,502
Taxation and social security 200,518 76,367
Other creditors 22,155 5,536
500,860 327,405