Bio-Dynamics Tanks Ltd


Directors	T Van Damme
	A Vandekerckhove
	S Verfaillie


Registered Address	Bio-Dynamics Tanks Ltd
	21a Newland
	Lincoln
	LN1 1XP


Place of Business	Nijverheidstraat 28
	8710 Wielsbeke
	Belgium


Registered Number	13752468 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		38,168		56,541
			38,168		56,541
Current assets
Stocks	4	247,849		-
Debtors	5	867,291		354,919
Cash at bank and on hand		457,430		506,749
		1,572,570		861,668
Creditors amounts falling due within one year	6	(1,592,995)		(946,242)
Net current assets (liabilities)			(20,425)		(84,574)
Total assets less current liabilities			17,743		(28,033)
Net assets			17,743		(28,033)
Capital and reserves
Called up share capital			1		1
Profit and loss account			17,742		(28,034)
Shareholders' funds			17,743		(28,033)

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 17 June 2025, and are signed on its behalf by:

T Van Damme
Director
Registered Company No. 13752468

Bio-Dynamics Tanks Ltd

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Vehicles	25
	Office Equipment	33

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 24	3,758	83,768	2,602	90,128
At 31 December 24	3,758	83,768	2,602	90,128
Depreciation and impairment
At 01 January 24	1,288	30,812	1,487	33,587
Charge for year	752	16,754	867	18,373
At 31 December 24	2,040	47,566	2,354	51,960
Net book value
At 31 December 24	1,718	36,202	248	38,168
At 31 December 23	2,470	52,956	1,115	56,541

4.	Stocks

	2024	2023
	£	£
Other stocks	247,849	-
Total	247,849	-

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	661,404	503
Amounts owed by group undertakings	-	239,506
Other debtors	196,382	106,216
Prepayments and accrued income	9,505	8,694
Total	867,291	354,919

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	-	62,143
Amounts owed to related parties	296,461	-
Taxation and social security	10,601	-
Other creditors	263	263
Accrued liabilities and deferred income	1,285,670	883,836
Total	1,592,995	946,242


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Related party transactions
	Summary of transactions with parent - Bio-Dynamics NV A loan account exists, at the balance sheet date the amount owed to Bio-Dynamics NV was £296,461 (2023 - £239,506 Debtor). There was also an amount of £745,301 due to Bio-Dynamics NV, the parent company for accrued subcontractor fees. Parent and ultimate parent undertaking The company's immediate parent is Bio-Dynamics NV, incorporated in Belgium whose address is 28 Nijverheidstraat, 8710 Wielsbeke, Belgium.

Related party transactions

Summary of transactions with parent - Bio-Dynamics NV
A loan account exists, at the balance sheet date the amount owed to Bio-Dynamics NV was £296,461 (2023 - £239,506 Debtor).
There was also an amount of £745,301 due to Bio-Dynamics NV, the parent company for accrued subcontractor fees.

Parent and ultimate parent undertaking
The company's immediate parent is Bio-Dynamics NV, incorporated in Belgium whose address is 28 Nijverheidstraat, 8710 Wielsbeke, Belgium.