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No description of principal activity
2022-04-01
Sage Accounts Production Advanced 2023 - FRS102_2023
109,562
11,437
10,957
22,394
87,168
98,125
xbrli:pure
xbrli:shares
iso4217:GBP
10199561
2022-04-01
2023-03-31
10199561
2023-03-31
10199561
2022-03-31
10199561
2021-04-01
2022-03-31
10199561
2022-03-31
10199561
2021-03-31
10199561
core:PlantMachinery
2022-04-01
2023-03-31
10199561
bus:Director2
2022-04-01
2023-03-31
10199561
core:WithinOneYear
2023-03-31
10199561
core:WithinOneYear
2022-03-31
10199561
core:PlantMachinery
2022-03-31
10199561
core:PlantMachinery
2023-03-31
10199561
core:ShareCapital
2023-03-31
10199561
core:ShareCapital
2022-03-31
10199561
core:RetainedEarningsAccumulatedLosses
2023-03-31
10199561
core:RetainedEarningsAccumulatedLosses
2022-03-31
10199561
core:PlantMachinery
2022-03-31
10199561
bus:SmallEntities
2022-04-01
2023-03-31
10199561
bus:AuditExemptWithAccountantsReport
2022-04-01
2023-03-31
10199561
bus:SmallCompaniesRegimeForAccounts
2022-04-01
2023-03-31
10199561
bus:EntityHasNeverTraded
2022-04-01
2023-03-31
10199561
bus:PrivateLimitedCompanyLtd
2022-04-01
2023-03-31
10199561
bus:FullAccounts
2022-04-01
2023-03-31
10199561
core:OtherGroupMember1
2022-04-01
2023-03-31
10199561
core:OtherGroupMember1
2023-03-31
10199561
core:OtherGroupMember1
2022-03-31
10199561
core:KeyManagementIndividualGroup1
2022-04-01
2023-03-31
10199561
core:KeyManagementIndividualGroup1
2023-03-31
10199561
core:KeyManagementIndividualGroup1
2022-03-31
COMPANY REGISTRATION NUMBER:
10199561
Bioganix Generation Limited |
|
Filleted Unaudited Financial Statements |
|
Bioganix Generation Limited |
|
Statement of Financial Position |
|
31 March 2023
Fixed assets
Tangible assets |
4 |
|
87,168 |
|
98,125 |
|
|
|
|
|
|
Current assets
Debtors |
5 |
13,687 |
|
28,793 |
|
Cash at bank and in hand |
5,796 |
|
5,035 |
|
|
-------- |
|
-------- |
|
|
19,483 |
|
33,828 |
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
145,880 |
|
133,981 |
|
|
---------- |
|
---------- |
|
Net current liabilities |
|
126,397 |
|
100,153 |
|
|
---------- |
|
---------- |
Total assets less current liabilities |
|
(
39,229) |
|
(
2,028) |
|
|
-------- |
|
------- |
Net liabilities |
|
(
39,229) |
|
(
2,028) |
|
|
-------- |
|
------- |
|
|
|
|
|
|
Capital and reserves
Called up share capital |
|
100 |
|
100 |
Profit and loss account |
|
(
39,329) |
|
(
2,128) |
|
|
-------- |
|
------- |
Shareholders deficit |
|
(
39,229) |
|
(
2,028) |
|
|
-------- |
|
------- |
|
|
|
|
|
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 statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 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 year 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 Generation Limited |
|
Statement of Financial Position (continued) |
|
31 March 2023
These financial statements were approved by the
board of directors
and authorised for issue on
21 December 2023
, and are signed on behalf of the board by:
Company registration number:
10199561
Bioganix Generation Limited |
|
Notes to the Financial Statements |
|
Year ended 31 March 2023
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, DN20 0PJ.
2.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, '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. The financial statements are prepared in sterling, which is the functional currency of the entity. The balance sheet at 31 March 2023 shows that liabilities exceeded assets by £39,229. Liabilities include loans from related group companies and shareholders totalling £123,291. The company relies on the continued support of the related group companies and shareholders to continue normal trading activities. Such support has been confirmed and will be made available for the foreseeable future and increased where necessary. The accounts are therefore prepared on the going concern basis.
(b)
Going concern
Following the challenges arising as a consequence of the Covid-19 pandemic in 2020/21, more latterly the UK economy has 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 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)
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
(d)
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(e)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
10% straight line |
|
|
|
|
(f)
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.
4.
Tangible assets
|
Plant and machinery |
|
£ |
Cost |
|
At 1 April 2022 and 31 March 2023 |
109,562 |
|
---------- |
Depreciation |
|
At 1 April 2022 |
11,437 |
Charge for the year |
10,957 |
|
---------- |
At 31 March 2023 |
22,394 |
|
---------- |
Carrying amount |
|
At 31 March 2023 |
87,168 |
|
---------- |
At 31 March 2022 |
98,125 |
|
---------- |
|
|
5.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Other debtors |
13,687 |
28,793 |
|
-------- |
-------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Trade creditors |
31,799 |
16,175 |
Amounts owed to group undertakings |
103,291 |
104,395 |
Accruals and deferred income |
790 |
3,411 |
Director loan accounts |
10,000 |
10,000 |
|
---------- |
---------- |
|
145,880 |
133,981 |
|
---------- |
---------- |
|
|
|
7.
Related party transactions
During the year, the company was in receipt of a loan from a
fellow subsidiary company
. The loan is interest free and repayable on demand.
At the year end date, the balance owing to the fellow subsidiary totalled £ 103,291
(2022 - £ 104,395
). During the year, the company was in receipt of a loan from a director
. The loan is interest free and repayable on demand
. At the year end date the balance due to the director totalled £ 10,000
(2022 - £ 10,000
).
8.
Controlling party
The parent company is
Bioganix (Holdings) Ltd
, a company registered in England and Wales. The registered office address of Bioganix Ltd is Bonby Lane, Bonby, Brigg, North Lincolnshire, DN20 0PJ.