Bio-Tech Lubricants Limited - Filleted accounts

Registered number

08857325

Bio-Tech Lubricants Limited

Unaudited Filleted Accounts

31 December 2024

Bio-Tech Lubricants Limited
Statement of Financial Position
as at 31 December 2024

Notes			2024			2023
£				£
Current assets
Stocks		176,584			209,834
Debtors	6	40,867			66,103
Cash at bank and in hand		355			384
		217,806			276,321

Creditors: amounts falling due within one year	7	(217,136)			(275,906)

Net current assets			670			415

Net assets			670			415

Capital and reserves
Called up share capital			100			100
Profit and loss account			570			315

Shareholders' funds			670			415

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Robert O'Donovan
Director
Approved by the board on 29 September 2025

Company registration number:		08857325

Bio-Tech Lubricants Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of the revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Provision is made for anticipated returns where goods are supplied on a sale or return basis.

	Going Concern
	The financial statements have been prepared on a going concern basis. The Directors have prepared forecasts for a period greater than one year from the date of signature of the financial statements and have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer Software	25% straight line

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	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.


2	Profit before taxation		2024		2023
£				£
	Profit before taxation is stated after charging:

	Depreciation of tangible assets		0		430

			0		430


3	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		0		0


4	Tangible fixed assets
					Computer Software
£
	Cost
	At 1 January 2024				2,950
	At 31 December 2024				2,950

	Depreciation
	At 1 January 2024				2,950
	At 31 December 2024				2,950

	Net book value
	At 31 December 2024				-


5	Investments

	The company owns 100% of the issued share capital of Ah! YES Inc, a company incorporated in the state of Delaware, USA. The directors believe that the value of this investment is not less than cost.


6	Debtors		2024		2023
£				£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest		29,410		54,426
	Taxation and social security costs		-		8,939
	Other debtors		11,457		2,738
			40,867		66,103


7	Creditors: amounts falling due within one year		2024		2023
£				£

	Trade creditors		78,111		53,641
	Amounts owed to group undertakings and undertakings in which the company has a participating interest		136,212		219,461
	Taxation and social security costs		103		104
	Other creditors		2,710		2,700
			217,136		275,906


8	Controlling party

	The ultimate holding company during the year was Yes Syzygy Limited which is incorporated in England and Wales under number 05371196. On 4 April 2025 Yes Syzygy Limited was acquired by Project Nazare Limited which is incorporated in England and Wales under number 16358171.


9	Other information

	Bio-Tech Lubricants Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Epsilon House
	Enterprise Road
	Southampton Science Park
	Southampton
	SO16 7NS