Bioskin Consulting Limited - Period Ending 2016-07-31

Registration number: 08148066

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Bioskin Consulting Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2016
 

Colin Richardson Accountants Limited
Waterloo House
17 Waterloo Road
Norwich
Norfolk
NR3 1EH

Bioskin Consulting Limited
Contents

Company Information 1

Director's Report 2

Accountants' Report 3

Profit and Loss Account 4

Balance Sheet 5

Notes to the Financial Statements 6 to 7

Bioskin Consulting Limited
Company Information

Director

Dr C J Jensen

Registered office

17 Waterloo Road Norwich Norfolk NR3 1EH

Accountants

Colin Richardson Accountants Limited Waterloo House 17 Waterloo Road Norwich Norfolk NR3 1EH

Page 1

Bioskin Consulting Limited
Director's Report for the Year Ended 31 July 2016

The director presents his report and the unaudited financial statements for the year ended 31 July 2016.

Director of the company

The director who held office during the year was as follows:

Dr C J Jensen

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved on 28 April 2017 and signed by:

.........................................
Dr C J Jensen
Director

Page 2

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Bioskin Consulting Limited
for the Year Ended 31 July 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bioskin Consulting Limited for the year ended 31 July 2016 set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Bioskin Consulting Limited, as a body, in accordance with the terms of our engagement letter dated 25 July 2012. Our work has been undertaken solely to prepare for your approval the accounts of Bioskin Consulting Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bioskin Consulting Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bioskin Consulting Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bioskin Consulting Limited. You consider that Bioskin Consulting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Bioskin Consulting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Colin Richardson Accountants Limited
Waterloo House
17 Waterloo Road
Norwich
Norfolk
NR3 1EH

Date:.............................

Page 3

Bioskin Consulting Limited
Profit and Loss Account for the Year Ended 31 July 2016

		Note			2016 £			2015 £
Turnover					35,705			337
Administrative expenses					(27,791)			(588)
Operating profit/(loss)					7,914			(251)
Other interest receivable and similar income					1			-
Interest payable and similar charges					(7)			-
Profit/(loss) on ordinary activities before taxation					7,908			(251)
Tax on profit/(loss) on ordinary activities		3			(1,582)			51
Profit/(loss) for the financial year		8			6,326			(200)

The notes on pages 6 to 7 form an integral part of these financial statements.
Page 4

Bioskin Consulting Limited
(Registration number: 08148066)
Balance Sheet at 31 July 2016

		Note			2016 £			2015 £
Current assets
Debtors		4			3,021			1,895
Cash at bank					6,698			39
					9,719			1,934
Creditors: Amounts falling due within one year		5			(9,443)			(1,984)
Net assets/(liabilities)					276			(50)
Capital and reserves
Called up share capital		6			100			100
Profit and loss account		8			176			(150)
Shareholders' funds/(deficit)					276			(50)

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 2015).

For the year ending 31 July 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 28 April 2017

.........................................
Dr C J Jensen
Director

The notes on pages 6 to 7 form an integral part of these financial statements.
Page 5

Bioskin Consulting Limited
Notes to the Financial Statements for the Year Ended 31 July 2016
......... continued

1	Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents the income received for services provided.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Director's remuneration

The director's remuneration for the year was as follows:

		2016 £			2015 £
Remuneration		8,775			-

3

Taxation

Tax on profit/(loss) on ordinary activities

		2016 £			2015 £
Current tax
Corporation tax charge/(credit)		1,582			(51)

4

Debtors

		2016 £			2015 £
Trade debtors		3,021			-
Director's loan account		-			1,895
		3,021			1,895

Page 6

Bioskin Consulting Limited
Notes to the Financial Statements for the Year Ended 31 July 2016
......... continued

5	Creditors: Amounts falling due within one year

		2016 £			2015 £
Trade creditors		300			691
Corporation tax		1,531			983
Director's loan account		3,067			-
Accruals		4,545			310
		9,443			1,984

6	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

7

Dividends

		2016 £			2015 £
Dividend paid
Current year interim dividend paid		6,000			-

8

Reserves

		Profit and loss account £			Total £
At 1 August 2015		(150)			(150)
Profit for the year		6,326			6,326
Dividends		(6,000)			(6,000)
At 31 July 2016		176			176

9

Control

The company is controlled by the director who owns 50% of the called up share capital.

Page 7