REGISTERED NUMBER: 04429471 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

BIOINDUCTION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

I S Gillbe

J P Ottaway

N K Patel

SECRETARY:

J B M Smith

REGISTERED OFFICE:

178-180 Hotwell Road

Bristol

BS84RP

REGISTERED NUMBER:

04429471 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

2

2,596

1,698

Investments

3

55

55

2,651

1,753

CURRENT ASSETS

Stocks

4,512

5,455

Debtors

179,478

177,512

Prepayments and accrued income

1,690

-

Cash at bank

477,041

-

662,721

182,967

CREDITORS

Amounts falling due within one year

11,634

63,400

NET CURRENT ASSETS

651,087

119,567

TOTAL ASSETS LESS CURRENT LIABILITIES

653,738

121,320

CREDITORS

Amounts falling due after more than one year

68,873

327,883

NET ASSETS/(LIABILITIES)

584,865

(206,563

)

CAPITAL AND RESERVES

Called up share capital

4

3,828

2,913

Share premium

2,370,037

1,443,917

Profit and loss account

(1,789,000

)

(1,653,393

)

SHAREHOLDERS' FUNDS

584,865

(206,563

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 17 December 2014 and were signed on its behalf by:

I S Gillbe - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

20% on cost

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.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated

but not reversed at the balance sheet date.

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.

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 the profit and loss account in the period to which

they relate.

Going concern

The company made a loss of £135,607 (2013: £233,269) during the year, however the

financial statements have been prepared on a going concern basis as the shareholders

continue to provide the company with the necessary financial support for at least the next

twelve months.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

5,246

Additions

1,630

At 31 March 2014

6,876

DEPRECIATION

At 1 April 2013

3,548

Charge for year

732

At 31 March 2014

4,280

NET BOOK VALUE

At 31 March 2014

2,596

At 31 March 2013

1,698

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2013

and 31 March 2014

55

NET BOOK VALUE

At 31 March 2014

55

At 31 March 2013

55

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

382,801

Ordinary

£0.01

3,828

2,913

91,476 Ordinary shares of £0.01 each were allotted as fully paid at a premium of £10.12419

per share during the year.

The share premium reserve increased £926,120 (2013: £122,255) following the issuance of

91,476 ordinary shares