Biedermann Motech International Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09466785 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

BIEDERMANN MOTECH INTERNATIONAL LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

246,695

23,003

CURRENT ASSETS

Stocks

769,631

114,316

Debtors

5

780,152

455,826

Cash at bank and in hand

218,303

60,934

1,768,086

631,076

CREDITORS

Amounts falling due within one year

6

4,061,824

2,314,264

NET CURRENT LIABILITIES

(2,293,738

)

(1,683,188

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,047,043

)

(1,660,185

)

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

(2,147,043

)

(1,760,185

)

(2,047,043

)

(1,660,185

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2020 and were signed by:

Mr C Johnson - Director

1.	STATUTORY INFORMATION

Biedermann Motech International Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address are as below:

Registered number:

09466785

Registered office:

4 Wharfe Mews

Cliffe Terrace

Wetherby

West Yorkshire

LS22 6LX

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the

company, rounded to the nearest £1.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

After making sufficient enquiries, the director believes that the company has adequate resources to continue in

operational existence for the foreseeable future on the grounds that Biedermann Technologies GmbH & Co. KG has

confirmed that they will continue to provide sufficient financial support to the company to fund its normal trading

activities for at least twelve months after the signing of the financial statements. For this reason, the director adopts the

going concern basis in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Tangible fixed assets

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

Surgical containers and equipment

-

33% on cost

Computer equipment

-

33% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any

accumulated impairment losses.

Stocks

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

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained

Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those

in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet

date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Surgical

containers

and

Computer

equipment

equipment

Totals

£

£

£

COST

At 1 January 2019

98,115

5,565

103,680

Additions

328,035

3,564

331,599

At 31 December 2019

426,150

9,129

435,279

DEPRECIATION

At 1 January 2019

78,919

1,758

80,677

Charge for year

105,798

2,109

107,907

At 31 December 2019

184,717

3,867

188,584

NET BOOK VALUE

At 31 December 2019

241,433

5,262

246,695

At 31 December 2018

19,196

3,807

23,003

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

770,303

437,823

Other debtors

7,016

7,017

VAT

-

9,894

Prepayments and accrued income

2,833

1,092

780,152

455,826

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade creditors

482,447

659,002

Amounts owed to group undertakings

3,462,046

1,571,071

Social security and other taxes

21,582

16,071

VAT

70,290

-

Other creditors

3,948

25,359

Accruals and deferred income

21,511

42,761

4,061,824

2,314,264