Bioman Services Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08234397 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

BIOMAN SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr G J Gallagher

SECRETARY:

Miss C M Woodman

REGISTERED OFFICE:

9 Drake Walk

Brigantine Place

CARDIFF

South Glamorgan

CF10 4AN

REGISTERED NUMBER:

08234397 (England and Wales)

ACCOUNTANTS:

KTS OWENS THOMAS LIMITED

Chartered Accountants and Business Advisers

The Counting House

Celtic Gateway

Dunleavy Drive

Cardiff

CF11 0SN

FIXED ASSETS

Tangible assets

4

686

-

CURRENT ASSETS

Debtors

5

25,577

148,868

Cash at bank

120,060

53,330

145,637

202,198

CREDITORS

Amounts falling due within one year

6

(49,737

)

(181,609

)

NET CURRENT ASSETS

95,900

20,589

TOTAL ASSETS LESS CURRENT LIABILITIES

96,586

20,589

PROVISIONS FOR LIABILITIES

(117

)

-

NET ASSETS

96,469

20,589

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

96,468

20,588

96,469

20,589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 September 2017 and were signed by:

Dr G J Gallagher - Director

1.	STATUTORY INFORMATION

Bioman Services 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Computer equipment

-

25% on reducing balance

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 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

867

At 31 December 2016

867

DEPRECIATION

Charge for year

181

At 31 December 2016

181

NET BOOK VALUE

At 31 December 2016

686

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

23,974

148,868

Amounts owed by participating interests

25

-

Other debtors

1,578

-

25,577

148,868

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

3,384

75,642

Taxation and social security

44,594

14,067

Other creditors

1,759

91,900

49,737

181,609

7.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £8,955 per annum over 10 years from November

2016 onwards.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Sustainable Group Ltd.

The ultimate controlling party is Dr G J Gallagher.

9.	FIRST YEAR ADOPTION

This is the first year that the company has presented its results under FRS 102. The last financial statements

under UK GAAP were for the year ended ended 31 December 2015. The date of transition was 1 January

2015.

There are no material changes to the basis of preparation of the accounts arising on transition to FRS 102.