REGISTERED NUMBER: 06592358 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LICONIC UK LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

17,439

24,868

CURRENT ASSETS

Stocks

68,585

72,195

Debtors

5

263,997

308,152

Cash at bank

185,914

302,570

518,496

682,917

CREDITORS

Amounts falling due within one year

6

(267,801

)

(401,337

)

NET CURRENT ASSETS

250,695

281,580

TOTAL ASSETS LESS CURRENT LIABILITIES

268,134

306,448

CREDITORS

Amounts falling due after more than one year

7

(4,387

)

(14,777

)

NET ASSETS

263,747

291,671

CAPITAL AND RESERVES

Called up share capital

60

3

Retained earnings

263,687

291,668

SHAREHOLDERS' FUNDS

263,747

291,671

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

J L Corps - Director

1.	STATUTORY INFORMATION

Liconic UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06592358

Registered office:

Bio Hub

Alderley Park

Macclesfield

Cheshire

SK10 4TG

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

136,500

22,134

24,992

183,626

Additions

-

1,116

-

1,116

Disposals

(6,000

)

(11,707

)

-

(17,707

)

At 31 December 2024

130,500

11,543

24,992

167,035

DEPRECIATION

At 1 January 2024

136,500

17,051

5,207

158,758

Charge for year

-

2,354

4,946

7,300

Eliminated on disposal

(6,000

)

(10,462

)

-

(16,462

)

At 31 December 2024

130,500

8,943

10,153

149,596

NET BOOK VALUE

At 31 December 2024

-

2,600

14,839

17,439

At 31 December 2023

-

5,083

19,785

24,868

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

107,501

135,375

Other debtors

156,496

172,777

263,997

308,152

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

4,560

39,129

Taxation and social security

30,138

39,648

Other creditors

233,103

322,560

267,801

401,337

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

4,387

14,777

8.	OFF-BALANCE SHEET ARRANGEMENTS

At 31 December 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £29,987 (2023 - £7,322).

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

J L Corps

Balance outstanding at start of year

116,805

89,359

Amounts advanced

19,479

27,446

Amounts repaid

(31,347

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

104,937

116,805

Interest on amounts advanced to directors is charged at the market rate.

10.	RELATED PARTY DISCLOSURES

Included within other debtors is an amount owed to UK Biostores & Services Limited, a company with some common shareholders and one common director, of £5,000 (2023 - £5,000).