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REGISTERED NUMBER: 09114771 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 July 2024

for

BIOSECURE LIMITED

BIOSECURE LIMITED (Registered number: 09114771)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


BIOSECURE LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Dr P D MILLETT
Mrs K K A MILLETT





SECRETARY: R F Millett





REGISTERED OFFICE: Orchard Cottage
Old Apley
Market Rasen
Lincolnshire
LN8 5JQ





REGISTERED NUMBER: 09114771 (England and Wales)





ACCOUNTANTS: G & R Millett T/as G M Agencies
Orchard Cottage
Old Apley
Market Rasen
Lincolnshire
LN8 5JQ

BIOSECURE LIMITED (Registered number: 09114771)

Report of the Directors
for the Year Ended 31 July 2024

The directors present their report with the financial statements of the Company for the year ended 31 July 2024.

PRINCIPAL ACTIVITY
The principal activity of the Company in the year under review was that of consultants to the Bio industry.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 August 2023 to the date of this report.

Dr P D MILLETT
Mrs K K A MILLETT

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R F Millett - Secretary


3 April 2025

BIOSECURE LIMITED (Registered number: 09114771)

Income Statement
for the Year Ended 31 July 2024

31.7.24 31.7.23
Notes £    £   

TURNOVER 73,177 235,716

Cost of sales 87,935 204,822
GROSS (LOSS)/PROFIT (14,758 ) 30,894

Administrative expenses 25,031 30,786
OPERATING (LOSS)/PROFIT 4 (39,789 ) 108


Interest payable and similar expenses 257 576
LOSS BEFORE TAXATION (40,046 ) (468 )

Tax on loss - 1,086
LOSS FOR THE FINANCIAL YEAR (40,046 ) (1,554 )

BIOSECURE LIMITED (Registered number: 09114771)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 6,000 12,000
Tangible assets 6 16,527 17,497
22,527 29,497

CURRENT ASSETS
Cash at bank 6,341 8,297

CREDITORS
Amounts falling due within one year 7 75,412 40,358
NET CURRENT LIABILITIES (69,071 ) (32,061 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(46,544

)

(2,564

)

CREDITORS
Amounts falling due after more than one
year

8

6,000

8,934
NET LIABILITIES (52,544 ) (11,498 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (52,644 ) (11,598 )
SHAREHOLDERS' FUNDS (52,544 ) (11,498 )

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BIOSECURE LIMITED (Registered number: 09114771)

Balance Sheet - continued
31 July 2024


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

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by:




Dr P D MILLETT - Director



Mrs K K A MILLETT - Director


BIOSECURE LIMITED (Registered number: 09114771)

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

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

BIOSECURE LIMITED (Registered number: 09114771)

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

4. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

31.7.24 31.7.23
£    £   
Depreciation - owned assets 970 978
Goodwill amortisation 6,000 6,000

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 60,000
AMORTISATION
At 1 August 2023 48,000
Charge for year 6,000
At 31 July 2024 54,000
NET BOOK VALUE
At 31 July 2024 6,000
At 31 July 2023 12,000

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 17,570 5,420 22,990
DEPRECIATION
At 1 August 2023 3,519 1,974 5,493
Charge for year 281 689 970
At 31 July 2024 3,800 2,663 6,463
NET BOOK VALUE
At 31 July 2024 13,770 2,757 16,527
At 31 July 2023 14,051 3,446 17,497

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Tax 1,285 1,285
Social security and other taxes 165 241
Directors' current accounts 73,962 38,832
75,412 40,358

BIOSECURE LIMITED (Registered number: 09114771)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 2-5 years 6,000 8,934