Company registration number 09264987 (England and Wales)
BIODRIVE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
BIODRIVE LTD
COMPANY INFORMATION
Director
Mr C N Hawkins
Company number
09264987
Registered office
Westacott
Shobrooke
Crediton
Devon
EX17 1AG
Accountants
Streets Bush Limited
2 Barnfield Crescent
Exeter
EX1 1QT
BIODRIVE LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
BIODRIVE LTD
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
80,477
80,898
Current assets
Cash at bank and in hand
25
8
Creditors: amounts falling due within one year
4
(62,294)
(61,591)
Net current liabilities
(62,269)
(61,583)
Net assets
18,208
19,315
Capital and reserves
Called up share capital
100
100
Retained earnings
18,108
19,215
Total equity
18,208
19,315

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

BIODRIVE LTD
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 24 July 2025
Mr C N Hawkins
Director
Company Registration No. 09264987
BIODRIVE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

Biodrive Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Westacott, Shobrooke, Crediton, Devon, EX17 1AG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
NONE
Plant and equipment
15% Reducing balance

Leasehold improvements and assets in the course of construction are not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

BIODRIVE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial 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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 November 2023 and 30 June 2024
76,684
13,808
90,492
Depreciation and impairment
At 1 November 2023
-
0
9,594
9,594
Depreciation charged in the year
-
0
421
421
At 30 June 2024
-
0
10,015
10,015
Carrying amount
At 30 June 2024
76,684
3,793
80,477
At 31 October 2023
76,684
4,214
80,898
BIODRIVE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
62,294
61,591
5
Related party transactions

Subsequent to the reporting date, the property in the company is due to be sold as part of a wider sale of property owned personally by the director. The proceeds for the property in the company is due to be the book value of £76,684. The proceeds from this sale will remain in the company.

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