Abbreviated Company Accounts - BIOSAFE PACKAGING SOLUTIONS LIMITED

BIOSAFE PACKAGING SOLUTIONS LIMITED - Company Information

07943601 BIOSAFE PACKAGING SOLUTIONS LIMITED 2014-02-28 false 2013-03-01 2014-02-28 true 07943601 2013-03-01 2014-02-28 07943601 2014-02-28 07943601 2013-02-28 07943601 uk-gaap-cd-bus:Director1 2013-03-01 2014-02-28 07943601 uk-gaap-cd-bus:Director2 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-28 iso4217:GBP shares

Registered Number 07943601

BIOSAFE PACKAGING SOLUTIONS LIMITED

Abbreviated Accounts

28 February 2014

BIOSAFE PACKAGING SOLUTIONS LIMITED Registered Number 07943601

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	150,000	-
		150,000	-
Current assets
Debtors		92,580	75,000
Cash at bank and in hand		74,975	125,000
		167,555	200,000
Creditors: amounts falling due within one year		(317,693)	(199,600)
Net current assets (liabilities)		(150,138)	400
Total assets less current liabilities		(138)	400
Total net assets (liabilities)		(138)	400
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		(1,138)	(600)
Shareholders' funds		(138)	400

For the year ending 28 February 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 November 2014

And signed on their behalf by:
L.S. Basran MBE, Director

BIOSAFE PACKAGING SOLUTIONS LIMITED Registered Number 07943601

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
Patents:
Patent costs are valued at cost. They are not amortised at the year end as these have not yet been granted. The directors are however confident that the patents will be granted and once granted they will be amortised over its estimated useful life of 17 years.

Deferred Taxation:
Provision is made for deferred tax using the liability method to take account of timing differences between the incidence of income and expenditure for taxation and accounting purposes except to the extent that the directors consider that the liability is unlikely to materialise.

2Intangible fixed assets

	£
Cost
At 1 March 2013	-
Additions	150,000
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	150,000
Amortisation
At 1 March 2013	-
Charge for the year	-
On disposals	-
At 28 February 2014	-
Net book values
At 28 February 2014	150,000
At 28 February 2013	-

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000