Company Registration No. 12792874 (England and Wales)
Birmingham Biotech Ltd
Unaudited accounts
for the year ended 31 December 2024
Birmingham Biotech Ltd
Unaudited accounts
Contents
Birmingham Biotech Ltd
Company Information
for the year ended 31 December 2024
Director
Shih-Che (Michael) Hsu
Company Number
12792874 (England and Wales)
Registered Office
Birmingham Research Park
97 Vincent Drive
Birmingham
B15 2SQ
Accountants
Fosters Accountancy Services (Midlands) Limited
Kingsnorth House
Blenheim Way
Birmingham
B44 8LS
Birmingham Biotech Ltd
Statement of financial position
as at 31 December 2024
Intangible assets
19,357
20,135
Tangible assets
5,004
3,158
Cash at bank and in hand
352,090
175,750
Creditors: amounts falling due within one year
(87,469)
(133,197)
Net current assets
269,121
61,565
Total assets less current liabilities
293,482
84,858
Creditors: amounts falling due after more than one year
(134,970)
(134,970)
Net assets/(liabilities)
158,512
(50,112)
Called up share capital
100
100
Profit and loss account
158,412
(50,212)
Shareholders' funds
158,512
(50,112)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 June 2025 and were signed on its behalf by
Shih-Che (Michael) Hsu
Director
Company Registration No. 12792874
Birmingham Biotech Ltd
Notes to the Accounts
for the year ended 31 December 2024
Birmingham Biotech Ltd is a private company, limited by shares, registered in England and Wales, registration number 12792874. The registered office is Birmingham Research Park, 97 Vincent Drive, Birmingham, B15 2SQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Other
At 31 December 2024
20,913
At 31 December 2024
19,357
At 31 December 2023
20,135
Birmingham Biotech Ltd
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
2,500
5,242
7,742
At 31 December 2024
2,500
11,028
13,528
At 1 January 2024
1,445
3,139
4,584
Charge for the year
264
3,676
3,940
At 31 December 2024
1,709
6,815
8,524
At 31 December 2024
791
4,213
5,004
At 31 December 2023
1,055
2,103
3,158
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
9,377
26,741
Taxes and social security
64,676
1,614
Other creditors
10,727
13,157
Loans from directors
1,035
85,061
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
134,970
134,970
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).