BOA UK Limited - Filleted accounts

BOA UK Limited - Filleted accounts

BOA (UK) LIMITED - Company Information

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Registered number
02954891
BOA UK Limited
Filleted Accounts
31 January 2020
BOA UK Limited
Registered number: 02954891
Balance Sheet
as at 31 January 2020
Notes 2020 2019
£ £
Fixed assets
Intangible assets 3 2,344 5,469
Tangible assets 4 139,452 154,653
Investments - -
141,796 160,122
Current assets
Stocks 772,202 794,587
Debtors 5 81,244 75,220
Investments held as current assets - -
Cash at bank and in hand 4 7,533
853,450 877,340
Creditors: amounts falling due within one year 6 (85,035) (117,142)
Net current assets 768,415 760,198
Total assets less current liabilities 910,211 920,320
Creditors: amounts falling due after more than one year 7 - (17,078)
Provisions for liabilities - -
Net assets 910,211 903,242
Capital and reserves
Called up share capital 982,398 982,398
Share premium - -
Revaluation reserve - -
Profit and loss account (72,187) (79,156)
Shareholders' funds 910,211 903,242
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Brian Michael Alexander
Director
Approved by the board on 20 October 2020
BOA UK Limited
Notes to the Accounts
for the year ended 31 January 2020
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2020 2019
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2019 31,250
Additions -
Disposals -
At 31 January 2020 31,250
Amortisation
At 1 February 2019 25,781
Provided during the year 3,125
On disposals -
At 31 January 2020 28,906
Net book value
At 31 January 2020 2,344
At 31 January 2019 5,469
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2019 - 676,891 - 676,891
Additions - 500 - 500
Surplus on revaluation - - - -
Disposals - - - -
At 31 January 2020 - 677,391 - 677,391
Depreciation
At 1 February 2019 - 522,238 - 522,238
Charge for the year - 15,701 - 15,701
Surplus on revaluation - - - -
On disposals - - - -
At 31 January 2020 - 537,939 - 537,939
Net book value
At 31 January 2020 - 139,452 - 139,452
At 31 January 2019 - 154,653 - 154,653
Freehold land and buildings: 2020 2019
£ £
Historical cost - -
Cumulative depreciation based on historical cost - -
- -
5 Debtors 2020 2019
£ £
Trade debtors 45,904 53,162
Amounts owed by group undertakings and undertakings in which the company has a participating interest 14,881 10,358
Deferred tax asset - -
Other debtors 20,459 11,700
81,244 75,220
Amounts due after more than one year included above - -
6 Creditors: amounts falling due within one year 2020 2019
£ £
Non-equity preference shares - -
Bank loans and overdrafts 375 -
Obligations under finance lease and hire purchase contracts - -
Trade creditors 84,943 104,739
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Taxation and social security costs (283) (3,205)
Other creditors - 15,608
85,035 117,142
7 Creditors: amounts falling due after one year 2020 2019
£ £
Non-equity preference shares - -
Bank loans - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Other creditors - 17,078
- 17,078
8 Loans 2020 2019
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years - -
Instalments falling due for payment after more than five years - -
- -
Secured bank loans - -
9 Related party transactions
BOA Style Ltd
Deemed related for Corporation Tax purposes only
At the balance sheet date, the listed amount was due from/(to) BOA Style Ltd 14,881 10,358
10 Controlling party
The company is controlled by the director who owns 100% of the called up share capital
11 Other information
BOA UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 33
Branbridges Industrial Estate
East Peckham
Tonbridge Kent
TN12 5HF
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