Biotec Ltd - Limited company - abbreviated

REGISTERED NUMBER: 05299742 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

FOR

BIOTEC LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J H Thompson

R Connor

D Magee

SECRETARY:

J Nicholls

REGISTERED OFFICE:

Unit 43-44 Fourways

Carlyon Road Industrial Estate

Atherstone

CV9 1LH

REGISTERED NUMBER:

05299742 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

5 Argosy Court

Scimitar Way

Whitley Business Park

Coventry

CV3 4GA

FIXED ASSETS

Tangible assets

2

1,812

2,132

Investments

3

73

123

1,885

2,255

CURRENT ASSETS

Stocks

569

Debtors

27,391

69,138

Cash at bank

2,560

62,437

30,520

132,144

CREDITORS

Amounts falling due within one year

131,657

222,403

NET CURRENT LIABILITIES

(101,137

)

(90,259

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(99,252

)

(88,004

)

CAPITAL AND RESERVES

Called up share capital

4

300

Profit and loss account

(99,552

)

(88,304

)

SHAREHOLDERS' FUNDS

(99,252

)

(88,004

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 December 2014 and were signed on
its behalf by:

J H Thompson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis. The directors have

confirmed that sufficient working capital will be available for the company to continue trading for the

foreseeable future.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture, fittings and equipment

-

15% on reducing balance

Computer equipment

-

33.33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Investments

Investments are stated at cost, but are reviewed annually and written down to net realisable value if the

directors feel there has been a diminution in their value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

4,540

DEPRECIATION

At 1 July 2013

2,408

Charge for year

320

At 30 June 2014

2,728

NET BOOK VALUE

At 30 June 2014

1,812

At 30 June 2013

2,132

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2013

123

Disposals

(50

)

At 30 June 2014

73

NET BOOK VALUE

At 30 June 2014

73

At 30 June 2013

123

The company's investments at the balance sheet date in the share capital of companies include the

following:

Associated company

Aerocover Limited

Nature of business: Animal production support services

%

Class of shares:

holding

Ordinary

45.00

2014

2013

£

Aggregate capital and reserves

(126,247

)

(79,728

)

Loss for the year

(146,519

)

(179,828

)

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

300

Ordinary

£1

300

5.	ULTIMATE PARENT COMPANY

The Mill House North West Group Limited is regarded by the directors as being the company's ultimate

parent company.

Biotec Ltd - Limited company - abbreviated - 11.6

Biotec Ltd - Limited company - abbreviated - 11.6