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REGISTERED NUMBER: 03840593 (England and Wales)


















Financial Statements

for the Year Ended 31 December 2024

for

Bionics Service Centre Limited

Bionics Service Centre Limited (Registered number: 03840593)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bionics Service Centre Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: G Nakae





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





REGISTERED NUMBER: 03840593 (England and Wales)





AUDITORS: Xeinadin Audit Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Bionics Service Centre Limited (Registered number: 03840593)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,118 -

CURRENT ASSETS
Debtors 5 2,512 11,838
Cash at bank 34,755 26,744
37,267 38,582
CREDITORS
Amounts falling due within one year 6 13,069 11,854
NET CURRENT ASSETS 24,198 26,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,316

26,728

CREDITORS
Amounts falling due after more than one
year

7

(14,770

)

-

PROVISIONS FOR LIABILITIES (725 ) -
NET ASSETS 29,821 26,728

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 28,821 25,728
SHAREHOLDERS' FUNDS 29,821 26,728

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 24 February 2025 and were signed by:





G Nakae - Director


Bionics Service Centre Limited (Registered number: 03840593)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Bionics Service Centre 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax (having regard to the fulfilment of contractual obligations).

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 etc - 25% on reducing balance

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.

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Bionics Service Centre Limited (Registered number: 03840593)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 25,991
At 31 December 2024 25,991
DEPRECIATION
Charge for year 4,873
At 31 December 2024 4,873
NET BOOK VALUE
At 31 December 2024 21,118

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors - 7,800
Other debtors 2,512 4,038
2,512 11,838

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 2,504 4,005
Taxation and social security 3,516 5,515
Other creditors 7,049 2,334
13,069 11,854

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Other creditors 14,770 -

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year - 368

Bionics Service Centre Limited (Registered number: 03840593)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeffrey Stanley FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. PARENT UNDERTAKING

The parent undertaking and controlling party is New Cosmos-BIE BV.

The registered office of the parent undertaking is:

Maxwellstraat 7 NL-1704 SG
Heerhugowaard
Netherlands

ULTIMATE PARENT COMPANY

The company's ultimate parent company is New Cosmos Electric Co. Ltd, a company incorporated in Japan and registered on the Jasdaq Securities Exchange in Japan. As a result, the company has a number of shareholders and therefore it is not possible to identify the ultimate controlling party.

The address from which summary financial information can be obtained is
www.newcosmos-global.com/ir/information.