Bioganix Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05240586

Bioganix Ltd

Filleted Unaudited Financial Statements

For the period ended

5 April 2025

Bioganix Ltd

Officers and Professional Advisers

The board of directors	L M Dodds
	C D Tyler
	C R White

Registered office	Bonby Lane
	Bonby
	Brigg
	North Lincolnshire
	DN20 0PJ

Accountants	Townends Accountants LLP
	Chartered Accountants
	Carlisle Street
	Goole
	East Riding of Yorkshire
	DN14 5DX

Bankers	HSBC plc
	84 High Street
	Scunthorpe
	North Lincolnshire
	DN15 6HQ

Solicitors	Sills & Betteridge LLP
	46 Silver Street
	Lincoln
	LN2 1ED

Bioganix Ltd

Directors' Report

Period from 1 April 2024 to 5 April 2025

The directors present their report and the unaudited financial statements of the company for the period ended 5 April 2025 .

Principal activities

The principal activity of the company during the period was that of waste disposal, digestate recycling, treatment for oil recovery and energy generation, including supply of feedstock for anaerobic digestion.

Directors

The directors who served the company during the period were as follows:

L M Dodds
C D Tyler
C R White

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 30 December 2025 and signed on behalf of the board by:

L M Dodds

Director

Registered office:

Bonby Lane

Bonby

Brigg

North Lincolnshire

DN20 0PJ

Bioganix Ltd

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Bioganix Ltd

Period from 1 April 2024 to 5 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bioganix Ltd for the period ended 5 April 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Bioganix Ltd, as a body, in accordance with the terms of our engagement letter dated 15 October 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Bioganix Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bioganix Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bioganix Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bioganix Ltd. You consider that Bioganix Ltd is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of Bioganix Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Townends Accountants LLP Chartered Accountants

Carlisle Street Goole East Riding of Yorkshire DN14 5DX

30 December 2025

Bioganix Ltd

Statement of Financial Position

5 April 2025

	5 Apr 25		31 Mar 24
Note	£	£	£	£

Fixed assets

Tangible assets	5	6,712,751	5,022,269
Investments	6	–	200
		------------	------------
		6,712,751	5,022,469

Current assets

Stocks		100,143	135,107
Debtors	7	2,104,044	1,992,703
Cash at bank and in hand		420,042	229,672
		------------	------------
		2,624,229	2,357,482

Creditors: amounts falling due within one year	8	2,352,743		2,081,929
		------------		------------
Net current assets			271,486		275,553
			------------		------------
Total assets less current liabilities			6,984,237		5,298,022

Creditors: amounts falling due after more than one year	9		4,178,355		2,854,378

Provisions

Taxation including deferred tax	793,354	591,284
	------------	------------
Net assets	2,012,528	1,852,360
	------------	------------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	2,002,528	1,842,360
	------------	------------
Shareholders funds	2,012,528	1,852,360
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the period ending 5 April 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 financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Bioganix Ltd

Statement of Financial Position (continued)

5 April 2025

These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

L M Dodds

Director

Company registration number: 05240586

Bioganix Ltd

Notes to the Financial Statements

Period from 1 April 2024 to 5 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bonby Lane, Bonby, Brigg, North Lincolnshire, DN20 0PJ.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

(c) Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

(d) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

(e) Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively . Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date . Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

(f) Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

(g) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

(h) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and Machinery	-	5% - 10% straight line
Equipment	-	25% straight line

Freehold land is not depreciated.

(i) Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

(j) Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

(k) Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

(l) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

(m) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

(n) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 44 (2024: 37 ).

5. Tangible assets

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 1 April 2024	7,417,297	29,929	7,447,226
Additions	2,379,315	1,905	2,381,220
Disposals	( 291,695)	–	( 291,695)
	------------	--------	------------
At 5 April 2025	9,504,917	31,834	9,536,751
	------------	--------	------------
Depreciation
At 1 April 2024	2,414,300	10,657	2,424,957
Charge for the period	515,311	7,924	523,235
Disposals	( 124,192)	–	( 124,192)
	------------	--------	------------
At 5 April 2025	2,805,419	18,581	2,824,000
	------------	--------	------------
Carrying amount
At 5 April 2025	6,699,498	13,253	6,712,751
	------------	--------	------------
At 31 March 2024	5,002,997	19,272	5,022,269
	------------	--------	------------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024	200
Disposals	( 200)
	----
At 5 April 2025	–
	----
Impairment
At 1 April 2024 and 5 April 2025	–
	----

Carrying amount
At 5 April 2025	–
	----
At 31 March 2024	200
	----

7. Debtors

	5 Apr 25	31 Mar 24
	£	£
Trade debtors	1,696,561	1,626,532
Amounts owed by group undertakings	29,781	25,646
Prepayments and accrued income	359,537	306,387
Corporation tax repayable	–	23,473
Other debtors	18,165	10,665
	------------	------------
	2,104,044	1,992,703
	------------	------------

8. Creditors: amounts falling due within one year

	5 Apr 25	31 Mar 24
	£	£
Bank loans	114,704	211,972
Trade creditors	1,181,980	1,016,109
Amounts owed to related undertakings	–	200
Accruals	60,998	208,622
Social security and other taxes	106,877	79,181
Obligations under finance leases and hire purchase contracts	888,184	560,678
Other creditors	–	5,167
	------------	------------
	2,352,743	2,081,929
	------------	------------

Hire purchase liabilities are secured on the associated asset.

The bank borrowings are secured on the assets of the company.

9. Creditors: amounts falling due after more than one year

	5 Apr 25	31 Mar 24
	£	£
Bank loans	599,188	760,347
Amounts owed to related undertakings	1,803,353	825,104
Obligations under finance leases and hire purchase contracts	1,775,814	1,268,927
	------------	------------
	4,178,355	2,854,378
	------------	------------

Hire purchase liabilities are secured on the associated asset.

The bank borrowings are secured on the assets of the company.

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	5 Apr 25	31 Mar 24
	£	£
Included in provisions	793,354	591,284
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	5 Apr 25	31 Mar 24
	£	£
Accelerated capital allowances	1,425,291	912,769
Unused tax losses	( 631,937)	( 321,485)
	------------	---------
	793,354	591,284
	------------	---------

11. Related party transactions

The company has taken advantage of the exemptions provided in FRS 102 from reporting transactions between wholly owned members of the group.

12. Controlling party

The company is a wholly owned subsidiary of Bioganix (Holdings) Ltd, a company registered in England and Wales. The registered office address of Bioganix (Holdings) Ltd is Bonby Lane, Bonby, Brigg, North Lincolnshire, DN20 0PJ.