Bioscience and Technology Institute Limited - Period Ending 2015-02-28

Registration number: NI035154

Bioscience and Technology Institute Limited

(A company limited by guarantee)

Annual Report and Unaudited Accounts

for the Year Ended 28 February 2015
 

Duffy & Co (A & T) Ltd
Chartered Accountants
126 Eglantine Avenue
Belfast
Co Antrim
BT9 6EU

Bioscience and Technology Institute Limited
(Registration number: NI035154)
Balance Sheet at 28 February 2015

		Note			2015 £			2014 £
Creditors: Amounts falling due within one year		3			(1,897,251)			(1,897,251)
Capital and reserves
Profit and loss account					(1,897,251)			(1,897,251)
Shareholders' deficit					(1,897,251)			(1,897,251)

For the year ending 28 February 2015 the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

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.

Approved and authorised for issue by the Board on 24 April 2015 and signed on its behalf by:

.........................................
Prof Patrick Johnston
Company secretary and director

The notes on page 2 form an integral part of these financial statements.
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Bioscience and Technology Institute Limited
Notes to the financial statements for the Year Ended 28 February 2015
......... continued

1	Accounting policies

Trading status

The company was dormant and has not traded during the year.

Depreciation

Depreciation is provided on tangible assets so as to write off the cost or valuation, less any estimated residual value, over their useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	20 % straight line

2	Tangible fixed assets

		Plant and machinery £			Total £
Cost or valuation
At 1 March 2014		358,234			358,234
Depreciation
At 1 March 2014		358,234			358,234
Net book value
At 28 February 2015		-			-
At 28 February 2014		-			-

3	Creditors: Amounts falling due within one year

		2015 £			2014 £
Other creditors		1,897,251			1,897,251

4	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £nil towards the assets of the company in the event of liquidation.

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