REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2024 |
for |
BIEN-AIR U K LIMITED |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2024 |
for |
BIEN-AIR U K LIMITED |
BIEN-AIR U K LIMITED (REGISTERED NUMBER: 01698451) |
Contents of the Financial Statements |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
BIEN-AIR U K LIMITED |
Company Information |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITOR: |
Chartered Accountants and Statutory Auditor |
Springfield House |
Springfield Road |
Horsham |
West Sussex |
RH12 2RG |
BIEN-AIR U K LIMITED (REGISTERED NUMBER: 01698451) |
Statement of Financial Position |
31 DECEMBER 2024 |
31.12.24 | 31.12.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the director and authorised for issue on |
BIEN-AIR U K LIMITED (REGISTERED NUMBER: 01698451) |
Notes to the Financial Statements |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
1. | STATUTORY INFORMATION |
Bien-Air U K Limited is a private company, limited by shares, domiciled in England and Wales, registration number 01698451. The registered office is First Floor, Ridgeland House, 15 Carfax, Horsham, West Sussex, RH12 1DY. The principal place of business is Unit 19 Crawley Business Centre, Stephenson Way, Three Bridges, Crawley, West Sussex, RH10 1TN. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. |
The financial statements are presented in Sterling (£), and rounded to the nearest £1. |
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. |
The following principal accounting policies have been applied: |
Turnover |
The company sells both goods and provides repair services, and the turnover shown in the income statement represents amounts invoiced during the year, exclusive of Value Added Tax. |
In respect of the sale of goods, turnover is recognised when the goods are physically delivered to the customer, whereas in respect of the supply of repair services, the turnover is recorded at the value of the consideration due when repairs have been completed. |
Included in turnover are management charges to cover administrative costs incurred by Bien-Air U K Limited. These are charged to the parent company based on a percentage of net annual costs. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Included in plant and machinery are items used for demonstration and temporary replacements for customers' equipment undergoing repair. These assets are depreciated at 33% on a straight line basis. |
Stock |
Stock has been valued at the lower of cost and estimated selling price less costs to sell. |
BIEN-AIR U K LIMITED (REGISTERED NUMBER: 01698451) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
Classification |
Financial assets, liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
Recognition and measurement |
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. |
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
Debt instruments which meet the conditions set out by FRS 102 to be classified as basic financial instruments are subsequently measured at amortised cost using the effective interest method. |
Debt instruments that have no stated interest rate (and do not constitute a financing transaction) and are classified as payable or receivable within one year are initially measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment. |
Impairment |
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currency are translated into sterling at the monthly rate for that currency. Exchange differences are taken into account in arriving at the operating result. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid, the company has no further payment obligations. |
The contributions are recognised as an expense in the profit or loss when they fall due. Amounts not paid are shown as a liability on the Balance Sheet. The assets of the plan are held separately from the company in an independently administered fund |
Going concern |
At the balance sheet date, the total amount due to group companies was £407,003 (2023: £391,545). The company is reliant on the support of its parent, Bien-Air Dental SA, who have confirmed that they will continue to support the company for at least 12 months from the date of signing the financial statements. On this basis, the director believes that it is reasonable to prepare the financial statements on a going concern basis. |
BIEN-AIR U K LIMITED (REGISTERED NUMBER: 01698451) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
2. | ACCOUNTING POLICIES - continued |
Trade debtors and creditors |
Trade debtors are amounts due from customers for goods sold or services provided in the ordinary course of business. |
Trade debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in administrative expenses. |
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. |
Trade creditors with no stated interest rate and payable within one year are recorded at transaction price. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
COST |
At 1 January 2024 |
Additions |
At 31 December 2024 |
DEPRECIATION |
At 1 January 2024 |
Charge for year |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 31 December 2023 |
5. | STOCKS |
31.12.24 | 31.12.23 |
£ | £ |
Finished goods |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
BIEN-AIR U K LIMITED (REGISTERED NUMBER: 01698451) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Social security and other taxes |
VAT | 40,398 | 40,596 |
Other creditors |
Accrued expenses |
8. | LEASING AGREEMENTS |
Total minimum lease payments under non-cancellable operating leases fall due as follows: |
31.12.24 | 31.12.23 |
£ | £ |
Within one year | 19,715 | 18,441 |
Between one and five years | 22,503 | 19,269 |
42,218 | 37,710 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
value: | £ | £ |
Ordinary | £1 | 10,000 | 10,000 |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditor was unqualified. |
for and on behalf of |
11. | RELATED PARTY DISCLOSURES |
During the year £50,000 remuneration was paid to Mr V Mosimann (Director) (2023: £50,000). At the year end £50,000 is outstanding (2023: £50,000) to Mr V Mosimann. |
The company has taken advantage of the exemption in Section 33 of FRS 102 'Related Party Disclosures' from disclosing transactions with other wholly owned members of the group. |
12. | ULTIMATE CONTROLLING PARTY AND PARENT COMPANY |
The ultimate controlling party is |
Bien-Air Holding SA is regarded by directors as being the company's ultimate parent company. |
The address of the registered office and the principal place of business of Bien-Air Holding SA is Länggasse, 60 Case Postale, CH-2500, Bienne 6, Switzerland. |