| BIO NANO HOLDINGS LIMITED |
| Registered number: |
09188375 |
| Balance Sheet |
| as at 28 February 2017 |
|
|
Notes |
|
2017 |
|
|
2016 |
|
|
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
3,590 |
|
|
4,600 |
|
| Current assets |
| Debtors |
3 |
|
- |
|
|
411 |
| Cash at bank and in hand |
|
|
510 |
|
|
23,466 |
|
|
|
510 |
|
|
23,877 |
|
| Creditors: amounts falling due within one year |
4 |
|
(25,182) |
|
|
(46,768) |
|
| Net current liabilities |
|
|
|
(24,672) |
|
|
(22,891) |
|
| Net liabilities |
|
|
|
(21,082) |
|
|
(18,291) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
20 |
|
|
20 |
| Profit and loss account |
|
|
|
(21,102) |
|
|
(18,311) |
|
| Shareholders' funds |
|
|
|
(21,082) |
|
|
(18,291) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| D F Sarphie |
| Director |
| Approved by the board on 3 November 2017 |
|
| BIO NANO HOLDINGS LIMITED |
| Notes to the Accounts |
| for the year ended 28 February 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Consolidated accounts |
|
Consolidated accounts have not been prepared as the company is subject to the provisions of the small companies regime. |
|
|
Intellectual property |
|
The costs associated with the application for patents and trademarks are capitalised and amortised on a straight line basis at 20% per annum, this being the directors’ prudent estimate of the economic life of the intellectual property acquired. Patent renewal costs are written off as incurred. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
Patent Costs: |
|
|
Cost |
|
At 1 March 2016 |
5,050 |
|
At 28 February 2017 |
5,050 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 March 2016 |
450 |
|
Provided during the year |
1,010 |
|
At 28 February 2017 |
1,460 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2017 |
3,590 |
|
At 29 February 2016 |
4,600 |
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2017 |
|
2016 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Other debtors |
- |
|
411 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Trade creditors |
- |
|
2,465 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
24,782 |
|
43,503 |
|
Other creditors |
400 |
|
800 |
|
|
|
|
|
|
25,182 |
|
46,768 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Subsidiary undertaking |
|
|
The company is the sole member of The Bio Nano Centre Limited, a company incorporated in England and Wales and limited by guarantee. |
|
|
| 6 |
Controlling party |
|
|
The company is under the control of the directors. |
|
|
| 7 |
Other information |
|
|
BIO NANO HOLDINGS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
338 Euston Road |
|
London |
|
NW1 3BT |
