Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-312023-08-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08601059 2023-08-01 2024-07-31 08601059 2022-08-01 2023-07-31 08601059 2024-07-31 08601059 2023-07-31 08601059 c:Director1 2023-08-01 2024-07-31 08601059 d:Buildings 2023-08-01 2024-07-31 08601059 d:Buildings 2024-07-31 08601059 d:Buildings 2023-07-31 08601059 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08601059 d:Buildings d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 08601059 d:PlantMachinery 2023-08-01 2024-07-31 08601059 d:PlantMachinery 2024-07-31 08601059 d:PlantMachinery 2023-07-31 08601059 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08601059 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 08601059 d:MotorVehicles 2023-08-01 2024-07-31 08601059 d:MotorVehicles 2024-07-31 08601059 d:MotorVehicles 2023-07-31 08601059 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08601059 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 08601059 d:FurnitureFittings 2023-08-01 2024-07-31 08601059 d:FurnitureFittings 2024-07-31 08601059 d:FurnitureFittings 2023-07-31 08601059 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08601059 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 08601059 d:ComputerEquipment 2023-08-01 2024-07-31 08601059 d:ComputerEquipment 2024-07-31 08601059 d:ComputerEquipment 2023-07-31 08601059 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08601059 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 08601059 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08601059 d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 08601059 d:CurrentFinancialInstruments 2024-07-31 08601059 d:CurrentFinancialInstruments 2023-07-31 08601059 d:Non-currentFinancialInstruments 2024-07-31 08601059 d:Non-currentFinancialInstruments 2023-07-31 08601059 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 08601059 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 08601059 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 08601059 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 08601059 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 08601059 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 08601059 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 08601059 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 08601059 d:ShareCapital 2024-07-31 08601059 d:ShareCapital 2023-07-31 08601059 d:RetainedEarningsAccumulatedLosses 2024-07-31 08601059 d:RetainedEarningsAccumulatedLosses 2023-07-31 08601059 c:FRS102 2023-08-01 2024-07-31 08601059 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08601059 c:FullAccounts 2023-08-01 2024-07-31 08601059 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08601059 2 2023-08-01 2024-07-31 08601059 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 08601059









BIO GLOBAL INDUSTRIES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
BIO GLOBAL INDUSTRIES LTD
REGISTERED NUMBER: 08601059

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
82,691
87,703

  
82,691
87,703

Current assets
  

Debtors: amounts falling due within one year
 5 
22,824
39,821

Cash at bank and in hand
 6 
296
594

  
23,120
40,415

Creditors: amounts falling due within one year
 7 
(883,164)
(779,702)

Net current liabilities
  
 
 
(860,044)
 
 
(739,287)

Total assets less current liabilities
  
(777,353)
(651,584)

Creditors: amounts falling due after more than one year
 8 
(637,276)
(646,620)

  

Net liabilities
  
(1,414,629)
(1,298,204)


Capital and reserves
  

Called up share capital 
  
98
98

Profit and loss account
  
(1,414,727)
(1,298,302)

  
(1,414,629)
(1,298,204)


Page 1

 
BIO GLOBAL INDUSTRIES LTD
REGISTERED NUMBER: 08601059
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 April 2025.




................................................
M. Hunt
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
BIO GLOBAL INDUSTRIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Bio Global Industries Limited is a private company limited by shares and incorporated in England and Wales number 08601059 and the principal place of business situated at the Corporate Centre, Hunters Oak, Asheridge, Chesham, Buckinghamshire HP5 2UU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
BIO GLOBAL INDUSTRIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
BIO GLOBAL INDUSTRIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.10

Development costs

Research expenditure is written off against profits in the year in which it is incurred. Where no distinction can be made between the research and development phase, the expenditure is recognised as if it were research costs and so is expensed during the year. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated, the company intends and has the technical ability and sufficient resources to complete development, the future economic benefits are probable and if the company can measure reliably the expenditure attributable to the intangible asset during its development.

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
BIO GLOBAL INDUSTRIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.11
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
Plant and machinery
-
5%
and 20% reducing balance
Motor vehicles
-
25%
Fixtures and fittings
-
25%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment

£
£
£
£
£



Cost or valuation
Page 6

 
BIO GLOBAL INDUSTRIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

           4.Tangible fixed assets (continued)



At 1 August 2023
22,681
102,692
35,950
2,515
2,740


Disposals
-
-
-
-
(1,611)



At 31 July 2024

22,681
102,692
35,950
2,515
1,129



Depreciation


At 1 August 2023
2,722
39,711
32,496
2,247
1,699


Charge for the year on owned assets
454
3,252
-
67
376


Charge for the year on financed assets
-
-
863
-
-


Disposal of subsidiary
-
-
-
-
(1,611)



At 31 July 2024

3,176
42,963
33,359
2,314
464



Net book value



At 31 July 2024
19,505
59,729
2,591
201
665



At 31 July 2023
19,959
62,981
3,454
268
1,041

Total

£



Cost or valuation
Page 7

 
BIO GLOBAL INDUSTRIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

           4.Tangible fixed assets (continued)



At 1 August 2023
166,578


Disposals
(1,611)



At 31 July 2024

164,967



Depreciation


At 1 August 2023
78,875


Charge for the year on owned assets
4,149


Charge for the year on financed assets
863


Disposal of subsidiary
(1,611)



At 31 July 2024

82,276



Net book value



At 31 July 2024
82,691



At 31 July 2023
87,703

Page 8

 
BIO GLOBAL INDUSTRIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
16,917
-

Other debtors
5,907
39,821

22,824
39,821



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
296
594

296
594



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,700
8,700

Trade creditors
1,250
-

Amounts owed to other participating interests
101,923
101,923

Other taxation and social security
6,230
2,410

Other creditors
756,004
659,153

Accruals and deferred income
9,057
7,516

883,164
779,702



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
7,800
16,800

Other creditors
629,476
629,820

637,276
646,620


Page 9

 
BIO GLOBAL INDUSTRIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
8,700
8,700


8,700
8,700

Amounts falling due 1-2 years

Bank loans
7,800
8,700


7,800
8,700

Amounts falling due 2-5 years

Bank loans
-
8,100


-
8,100


16,500
25,500



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £1,455 (2023 - £1,455). Contributions totalling £185 (2023- £468) were payable to the fund at the reporting date and are included in creditors.


11.


Related party transactions

IIncluded in other creditors due within one year is a sum of £101,923 (2023 - £101,923) owed to a shareholder of the company. The amount is unsecured, interest free and repayable upon demand. 
Included in other creditors due after more than one year is a sum of £629,474 (2023 - £629,819) owed to a close family member of the director.  The amount is unsecured, interest free and repayable on demand.  The company continues to occupy premises owned by the director's close family where no rent is charged.

 
Page 10