Registration number: 09631255

Bristol Nano Dynamics Ltd

Contents

Abridged Statement Financial Position	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 7

Bristol Nano Dynamics Ltd

(Registration number: 09631255)
Abridged Statement Financial Position as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	10,130	10,130
Tangible assets	5	24,813	31,607
		34,943	41,737
Current assets
Debtors	6	18,445	42,509
Cash at bank and in hand		32,540	13,726
		50,985	56,235
Prepayments and accrued income		1,563	4,432
Creditors: Amounts falling due within one year		(52,647)	(22,778)
Net current (liabilities)/assets		(99)	37,889
Total assets less current liabilities		34,844	79,626
Provisions for liabilities		(1,863)	(2,115)
Accruals and deferred income		(21,362)	(25,248)
Net assets		11,619	52,263
Capital and reserves
Called up share capital	7	1,000	1,000
Retained earnings		10,619	51,263
Shareholders' funds		11,619	52,263

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of abridged accounts in accordance with Section 444(2A) of the Companies Act 2006.

Bristol Nano Dynamics Ltd

(Registration number: 09631255)
Abridged Statement Financial Position as at 30 June 2025

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 3 October 2025 and signed on its behalf by:
 

......................................... Dr Loren Michael Picco Director

Bristol Nano Dynamics Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised at the fair value of the consideration received when there is reasonable assurance that the grant will be received and that the conditions attached to the grant will be met. A grant that stipulates performance criteria is recognised in income only when these have been met. If no performance criteria are attached to the grant it is recognised in income when the proceeds have been received. A grant received before the recognition criteria have been met is accounted for as a liability.

Revenue grants are credited to the profit and loss account to match the expenditure to which they relate. Capital grants and contributions towards tangible fixed assets are included in creditors as deferred income and credited to profit and loss over the life of the asset.

Capital grants and other contributions received towards the cost of tangible fixed assets are included in creditors as deferred income and credited to the profit and loss account over the life of the asset. Revenue grants are credited to the profit and loss account so as to match them with the expenditure to which they relate.

Bristol Nano Dynamics Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

Tangible assets

Tangible assets are stated in the statement financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

In the year ending 30th June 2024, the company incurred costs of £10,130 in respect of a patent application. These costs have been recognised as an intangible asset in accordance with the company’s accounting policy for intangible assets.


Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life.

During the year 30th June 2024, the company incurred costs of £10,130 in respect of a patent application. As the patent had not been granted by the balance sheet date, no amortisation has been charged in the year. Amortisation will commence and be charged to the profit and loss account on a straight-line basis over the estimated useful economic life of the patent once it is granted.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Bristol Nano Dynamics Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 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.
 

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

3	Loss before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	8,635	4,856

Bristol Nano Dynamics Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

4	Intangible assets

	Total £
Cost or valuation
At 1 July 2024	10,130
At 30 June 2025	10,130
Amortisation
Carrying amount
At 30 June 2025	10,130
At 30 June 2024	10,130

During the year ending 30th June 2024, the company incurred costs of £10,130 in respect of a patent application. These costs have been recognised as an intangible asset in accordance with the company’s accounting policy for intangible assets. As the patent had not been granted by the balance sheet date, no amortisation has been charged in the year. Amortisation will commence and be charged to the profit and loss account on a straight-line basis over the estimated useful economic life of the patent once it is granted.

Bristol Nano Dynamics Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 July 2024	1,321	47,348	6,502	55,171
Additions	760	919	267	1,946
Disposals	-	-	(360)	(360)
At 30 June 2025	2,081	48,267	6,409	56,757
Depreciation
At 1 July 2024	910	16,495	6,159	23,564
Charge for the year	403	7,943	289	8,635
Eliminated on disposal	-	-	(255)	(255)
At 30 June 2025	1,313	24,438	6,193	31,944
Carrying amount
At 30 June 2025	768	23,829	216	24,813
At 30 June 2024	411	30,853	343	31,607

6

Debtors

Debtors includes £Nil (2024 - £Nil) due after more than one year.

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £0.01 each	100,000	1,000	100,000	1,000