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REGISTERED NUMBER: 10355617 (England and Wales)














Unaudited Financial Statements

for the period

1st January 2023 to 30th June 2024

for

Biowood Services Limited

Biowood Services Limited (Registered number: 10355617)






Contents of the Financial Statements
for the period 1st January 2023 to 30th June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Biowood Services Limited

Company Information
for the period 1st January 2023 to 30th June 2024







DIRECTOR: M R Kemish



REGISTERED OFFICE: Melton Waste Park
Gibson Lane South
Melton
North Ferriby
East Yorkshire
HU14 3HH



REGISTERED NUMBER: 10355617 (England and Wales)



ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: HSBC
Merit House
Saxon Way
Priory Park West
Hessle
East Yorkshire
HU13 9PB

Biowood Services Limited (Registered number: 10355617)

Abridged Balance Sheet
30th June 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,399,269 2,012,683

CURRENT ASSETS
Debtors 3,062,410 1,707,937
Cash at bank and in hand 110,693 68,132
3,173,103 1,776,069
CREDITORS
Amounts falling due within one year 874,141 534,080
NET CURRENT ASSETS 2,298,962 1,241,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,698,231

3,254,672

CREDITORS
Amounts falling due after more than one
year

(208,289

)

(362,420

)

PROVISIONS FOR LIABILITIES (360,903 ) (239,648 )
NET ASSETS 4,129,039 2,652,604

CAPITAL AND RESERVES
Called up share capital 6 100 100
Revaluation reserve 7 550,371 -
Retained earnings 3,578,568 2,652,504
SHAREHOLDERS' FUNDS 4,129,039 2,652,604

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30th 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.

Biowood Services Limited (Registered number: 10355617)

Abridged Balance Sheet - continued
30th June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30th June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th December 2024 and were signed by:





M R Kemish - Director


Biowood Services Limited (Registered number: 10355617)

Notes to the Financial Statements
for the period 1st January 2023 to 30th June 2024

1. STATUTORY INFORMATION

Biowood Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Biowood Services Limited (Registered number: 10355617)

Notes to the Financial Statements - continued
for the period 1st January 2023 to 30th June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1st January 2023 2,710,429
Additions 1,395
Disposals (240,000 )
Revaluations 733,827
At 30th June 2024 3,205,651
DEPRECIATION
At 1st January 2023 697,746
Charge for period 247,356
Eliminated on disposal (138,720 )
At 30th June 2024 806,382
NET BOOK VALUE
At 30th June 2024 2,399,269
At 31st December 2022 2,012,683

Cost or valuation at 30th June 2024 is represented by:

Totals
£   
Valuation in 2024 733,827
Cost 2,471,824
3,205,651

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2022
£    £   
Cost 866,173 -

Freehold land and buildings were valued on an open market basis on 30th June 2024 by the company directors .

The net book value of tangible fixed assets includes £ 312,374 (2022 - £ 403,061 ) in respect of assets held under hire purchase contracts.

Biowood Services Limited (Registered number: 10355617)

Notes to the Financial Statements - continued
for the period 1st January 2023 to 30th June 2024

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2022
£    £   
Hire purchase contracts 312,672 457,030

HP is secured against the specific asset.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Revaluation
reserve
£   
Surplus on revaluation 733,827
Deferred tax on revaluation (183,456 )

At 30th June 2024 550,371

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Biowood Services Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Biowood Services Limited for the period ended 30th June 2024 which comprise the Statement of Comprehensive Income, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Biowood Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Biowood Services Limited and state those matters that we have agreed to state to the director of Biowood Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Biowood Services Limited and its director for our work or for this report.

It is your duty to ensure that Biowood Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Biowood Services Limited. You consider that Biowood Services Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Biowood Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


17th December 2024