For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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 Profit and Loss Account.

These 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).

These 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.

These financial statements are presented in sterling, which is the functional currency of the entity.

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

The Boyds Group 'Boyds International Life Sciences Group Limited'" or "the Parent" operates long term group incentive plans in which the Group grants equity-settled awards to employees of its subsidiaries. These awards are accounted for as equity-settled share-based payment transactions. The grant date fair value of share-based payments awards granted to employees is recognised as an employee expense in the Profit and Loss over the periods that the employee becomes unconditionally entitled to the awards, with a corresponding increase in equity.

The fair value of the options granted is measured at grant date. At each reporting date, an assessment is performed over the number of instruments expected to vest, taking into account the terms and conditions upon which the awards are granted. The amount recognised as an expense is adjusted to reflect the actual number of awards for which the related vesting conditions are expected to be met, such that amount ultimately recognised as an expense is based on the number of awards that meet the related vesting conditions at the vesting date.