REGISTERED NUMBER: 06751724 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

BIOHIT HEALTHCARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Johnson

S Korpela

REGISTERED OFFICE:

Pioneer House

Pioneer Business Park

North Road

Ellesmere Port

Cheshire

CH65 1AD

REGISTERED NUMBER:

06751724 (England and Wales)

AUDITORS:

PENNINGTON WILLIAMS

CHARTERED ACCOUNTANTS AND

STATUTORY AUDITOR

Stanhope House

Mark Rake

Bromborough

Merseyside

CH62 2DN

FIXED ASSETS

Tangible assets

4

22,071

21,629

CURRENT ASSETS

Stocks

81,448

86,949

Debtors

5

250,527

276,685

Cash at bank

717,869

375,018

1,049,844

738,652

CREDITORS

Amounts falling due within one year

6

265,071

183,245

NET CURRENT ASSETS

784,773

555,407

TOTAL ASSETS LESS CURRENT LIABILITIES

806,844

577,036

PROVISIONS FOR LIABILITIES

5,556

4,326

NET ASSETS

801,288

572,710

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

801,287

572,709

SHAREHOLDERS' FUNDS

801,288

572,710

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 30 May 2018 and were signed on its behalf by:

G Johnson - Director

S Korpela - Director

1.	STATUTORY INFORMATION

BIOHIT HEALTHCARE LIMITED is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related

party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net sales of good, excluding VAT. Revenue is recognised when the goods are

shipped.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

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.

Taxation

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

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in

operational existence for the foreseeable future. Thus they continue to adopt the going concern basis

of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2016 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2017

28,607

482

13,244

42,333

Additions

4,858

-

4,126

8,984

At 31 December 2017

33,465

482

17,370

51,317

DEPRECIATION

At 1 January 2017

9,210

190

11,304

20,704

Charge for year

6,059

99

2,384

8,542

At 31 December 2017

15,269

289

13,688

29,246

NET BOOK VALUE

At 31 December 2017

18,196

193

3,682

22,071

At 31 December 2016

19,397

292

1,940

21,629

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

232,947

263,794

Other debtors

1,170

1,170

Prepayments

16,410

11,721

250,527

276,685

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

65,068

37,770

Amounts owed to group undertakings

49,913

25,222

Tax

54,589

43,386

Social security and other taxes

6,084

5,683

VAT

65,269

55,206

Other creditors

608

608

Accrued expenses

23,540

15,370

265,071

183,245

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Hunter FCA (Senior Statutory Auditor)

for and on behalf of PENNINGTON WILLIAMS

8.	RELATED PARTY DISCLOSURES

Biohit Healthcare Limited lent £300,000 to its parent company, Biohit OYJ on 18/01/2017. This amount

was returned to Biohit Healthcare Limited on 27/12/2017. No interest was charged on this loan.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Biohit OYJ.

The ultimate controlling party is O A Suovaniemi.