REGISTERED NUMBER: 10079494 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BIOLEVEL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L G Berman

Mr D I Robertson

REGISTERED OFFICE:

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

BUSINESS ADDRESS:

Micklands Hill Farm

Stow Road

Bledington

CHIPPING NORTON

Oxfordshire

OX7 6XH

REGISTERED NUMBER:

10079494 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

51,560

44,227

CURRENT ASSETS

Stocks

5

2,000

2,000

Debtors

6

636,248

1,006,998

Cash at bank

110,468

66,103

748,716

1,075,101

CREDITORS

Amounts falling due within one year

7

108,607

463,631

NET CURRENT ASSETS

640,109

611,470

TOTAL ASSETS LESS CURRENT LIABILITIES

691,669

655,697

CREDITORS

Amounts falling due after more than one year

8

29,166

34,166

NET ASSETS

662,503

621,531

CAPITAL AND RESERVES

Called up share capital

9

382

188

Share premium

1,126,322

641,516

Retained earnings

(464,201

)

(20,173

)

SHAREHOLDERS' FUNDS

662,503

621,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

Mr D I Robertson - Director

Mr L G Berman - Director

1.	STATUTORY INFORMATION

BioLevel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2024

58,970

Additions

68,746

Disposals

(58,970

)

At 31 March 2025

68,746

DEPRECIATION

At 1 April 2024

14,743

Charge for year

17,186

Eliminated on disposal

(14,743

)

At 31 March 2025

17,186

NET BOOK VALUE

At 31 March 2025

51,560

At 31 March 2024

44,227

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

2,000

2,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

22,550

52,661

Inter company loan

572,929

895,389

Tax

32,841

40,023

VAT

7,928

18,925

636,248

1,006,998

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

5,000

5,000

Other loans

-

425,226

Trade creditors

2,200

2,626

Tax

-

4

Social security and other taxes

-

19,615

Directors' current accounts

97,784

8,044

Accrued expenses

3,623

3,116

108,607

463,631

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

5,000

5,000

Bank loans - 2-5 years

15,000

15,000

Bank loans more 5 yr by instal

9,166

14,166

29,166

34,166

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

9,166

14,166

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

382

Share capital 1

£1.00

382

188

(31.3.24 - 188 )

194 Ordinary shares of £1.00 were issued during the year for cash of £ 485,000 .

10.	RELATED PARTY DISCLOSURES

The director Mr Laurence Berman owns 49.2% of Natural Resources Logistics LLP, a business registered in the U.S.A., which in turn owns 70% of the issued share capital of Biolevel Limited.

During the year a management fee of £50,000 (2024 : £217,464) was paid to Natural Resources Logistics LLP.