Company Registration No. 06966758 (England and Wales)
BIOEXPORT PRODUCTS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
BIOEXPORT PRODUCTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
BIOEXPORT PRODUCTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2016
31 July 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
221
435
Current assets
Debtors
42,854
55,603
Cash at bank and in hand
52,346
37,442
95,200
93,045
Creditors: amounts falling due within one year
(7,033)
(11,234)
Net current assets
88,167
81,811
Total assets less current liabilities
88,388
82,246
Capital and reserves
Called up share capital
3
20
20
Profit and loss account
88,368
82,226
Shareholders' funds
88,388
82,246
For the financial year ended 31 July 2016 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.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 9 April 2017
N Whitaker
Director
Company Registration No. 06966758
BIOEXPORT PRODUCTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% on cost
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2015 & at 31 July 2016
2,788
Depreciation
At 1 August 2015
2,353
Charge for the year
214
At 31 July 2016
2,567
Net book value
At 31 July 2016
221
At 31 July 2015
435
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10 Ordinary shares of £2 each
20
20