Registration number: 9226874

OnBio Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 8

OnBio Limited

Company Information

Directors

Mr T C Crooke Mrs S J Crooke

Registered office

Handy Cross Farm Wycombe Road High Wycombe HP10 9QD

Accountants

Landmark Accountants Limited Leavesden Park 5 Hercules Way Watford Hertfordshire WD25 7GS

OnBio Limited

(Registration number: 9226874)
Balance Sheet as at 31 December 2025

	Note	2025		Restated 2024
		£	£	£	£
Fixed assets
Tangible assets	4		1,138,822		939,018
Current assets
Stocks	5	103,535		118,869
Debtors	6	659,728		385,705
Cash at bank and in hand		660,466		593,499
		1,423,729		1,098,073
Creditors: Amounts falling due within one year	7	(631,722)		(363,598)
Net current assets			792,007		734,475
Total assets less current liabilities			1,930,829		1,673,493
Creditors: Amounts falling due after more than one year	7		-		(150,000)
Provisions for liabilities			(284,706)		(234,755)
Net assets			1,646,123		1,288,738
Capital and reserves
Called up share capital		2		2
Retained earnings		1,646,121		1,288,736
Shareholders' funds			1,646,123		1,288,738

For the financial year ending 31 December 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 and delivered in accordance with the special 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.

Approved and authorised by the Board on 25 June 2026 and signed on its behalf by:
 

OnBio Limited

(Registration number: 9226874)
Balance Sheet as at 31 December 2025

......................................... Mr T C Crooke Director

OnBio Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Handy Cross Farm
Wycombe Road
High Wycombe
HP10 9QD

2	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 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 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.

The presentational currency of these accounts is £ Sterling. The level of rounding is to nearest £.

Prior period errors

The adjustment relates to the recognition of deferred tax as required under FRS 102. The director deems it necessary to adjust the comparatives.

	Relating to the current period disclosed in these financial statements £	Relating to the prior period disclosed in these financial statements £	Relating to periods before the prior period disclosed in these financial statements £
Deferred tax charged to the P&L account	-	234,755	-
Origination and reversal of timing differences	-	(234,755)	-

Revenue recognition

Turnover 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. Turnover 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.

Page 4

OnBio Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery (owned)	25% reducing balance
Motor vehicles	25% reducing balance

Cash and cash equivalents

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.

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.

Stocks

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

OnBio Limited

Notes to the Financial Statements for the Year Ended 31 December 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.
 Recognition and measurement
Basic financial instruments are recognised at amortised cost.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 12).

OnBio Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Plant and machinery (owned) £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	1,602,975	14,540	1,617,515
Additions	498,663	18,893	517,556
Disposals	(42,695)	-	(42,695)
At 31 December 2025	2,058,943	33,433	2,092,376
Depreciation
At 1 January 2025	677,375	1,122	678,497
Charge for the year	295,591	4,929	300,520
Eliminated on disposal	(25,463)	-	(25,463)
At 31 December 2025	947,503	6,051	953,554
Carrying amount
At 31 December 2025	1,111,440	27,382	1,138,822
At 31 December 2024	925,600	13,418	939,018

5

Stocks

	2025 £	2024 £
Other inventories	103,535	118,869

6

Debtors

Current	2025 £	2024 £
Trade debtors	547,656	295,013
Prepayments	106,972	40,492
Other debtors	5,100	50,200
	659,728	385,705

OnBio Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

7

Creditors

	2025 £	2024 £
Due within one year
Trade creditors	324,748	162,867
Taxation and social security	244,503	198,199
Accruals and deferred income	52,469	765
Other creditors	10,002	1,767
	631,722	363,598

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	-	150,000