Bionik Strength HQ Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 14279650 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2025

FOR

BIONIK STRENGTH HQ LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N M Dodd

J A Wardell

REGISTERED OFFICE:

Percy Westhead & Company

Hanover House

30-32 Charlotte Street

Manchester

M1 4FD

REGISTERED NUMBER:

14279650 (England and Wales)

ACCOUNTANTS:

Percy Westhead & Company

Chartered Accountants

Hanover House

30-32 Charlotte Street

Manchester

M1 4FD

FIXED ASSETS

Tangible assets

4

19,589

22,024

CURRENT ASSETS

Debtors

5

3,750

4,430

Cash at bank

7,249

6,862

10,999

11,292

CREDITORS

Amounts falling due within one year

6

74,335

73,066

NET CURRENT LIABILITIES

(63,336

)

(61,774

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(43,747

)

(39,750

)

CREDITORS

Amounts falling due after more than one
year

7

2,040

-

NET LIABILITIES

(45,787

)

(39,750

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(45,887

)

(39,850

)

(45,787

)

(39,750

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 26th May 2026 and were signed on its behalf by:

N M Dodd - Director

1.	STATUTORY INFORMATION

Bionik Strength HQ Ltd 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.

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.

The financial statements have been prepared on the going concern basis as the directors have confirmed continued support and consider the company has access to sufficient working capital to continue trading for the foreseeable future.

Turnover

Turnover comprises rents invoiced by the company for occupation of the company's leasehold property and are recognised in the period to which they relate.

Tangible fixed assets

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

Short leasehold

-

over the period of the lease

Plant & equipment

-

25% on cost

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 or deferred taxation assets and liabilities are not discounted.

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

Short

Plant &

leasehold

equipment

Totals

£

COST

At 1st September 2024

6,002

31,800

37,802

Additions

-

9,132

At 31st August 2025

6,002

40,932

46,934

DEPRECIATION

At 1st September 2024

1,889

13,889

15,778

Charge for year

1,334

10,233

11,567

At 31st August 2025

3,223

24,122

27,345

NET BOOK VALUE

At 31st August 2025

2,779

16,810

19,589

At 31st August 2024

4,113

17,911

22,024

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

3,750

Prepayments and accrued income

-

680

3,750

4,430

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

2,040

-

Other creditors

25,900

25,650

Directors' current accounts

40,365

39,165

Accrued expenses

6,030

8,251

74,335

73,066

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

2,040

-

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

30,000

Between one and five years

30,000

60,000

90,000