BOA (UK) Limited - Period Ending 2014-01-31

Registration number: 02954891

BOA (UK) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2014
 

Shaikh & Co
Chartered Certified Accountants
10 Decimus Park
Kingstanding Way
Tunbridge Wells
Kent
TN2 3GP

BOA (UK) Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
BOA (UK) Limited
for the Year Ended 31 January 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BOA (UK) Limited for the year ended 31 January 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of BOA (UK) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of BOA (UK) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BOA (UK) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that BOA (UK) 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 BOA (UK) Limited. You consider that BOA (UK) 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 BOA (UK) 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.

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

Shaikh & Co
Chartered Certified Accountants
10 Decimus Park
Kingstanding Way
Tunbridge Wells
Kent
TN2 3GP

20 August 2014

Page 1

BOA (UK) Limited
(Registration number: 02954891)
Abbreviated Balance Sheet at 31 January 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					21,094			24,219
Tangible fixed assets					245,620			273,280
					266,714			297,499
Current assets
Stocks					696,514			744,782
Debtors					201,435			199,471
Cash at bank and in hand					4,660			3,024
					902,609			947,277
Creditors: Amounts falling due within one year					(230,634)			(354,443)
Net current assets					671,975			592,834
Total assets less current liabilities					938,689			890,333
Creditors: Amounts falling due after more than one year					(385,971)			(408,685)
Net assets					552,718			481,648
Capital and reserves
Called up share capital		4			902,398			902,398
Profit and loss account					(349,680)			(420,750)
Shareholders' funds					552,718			481,648

For the year ending 31 January 2014 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 20 August 2014

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

BOA (UK) Limited
(Registration number: 02954891)
Abbreviated Balance Sheet at 31 January 2014
......... continued

.........................................
Mr Brian Michael Alexander
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

BOA (UK) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Amortisation

Amortisation is provided on all intangible fixed assets at rates calculated to write off the cost of each asset over its expected useful life, as follows:-

Asset class	Amortisation method and rate
Patents and licences	10 years straight line

Depreciation

Depreication is provided on all fixed assets at rates calculated to write off the cost of each asset over its expected useful life, as follows:-

Asset class	Depreciation method and rate
Plant and machinery	10% reducing balance
Office equipment	15% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Foreign currency

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All variances are taken to the profit and loss account.

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.

Page 4

BOA (UK) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2014
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 February 2013		31,250			661,634			692,884
Additions		-			(1)			(1)
At 31 January 2014		31,250			661,633			692,883
Depreciation
At 1 February 2013		7,031			388,354			395,385
Charge for the year		3,125			27,659			30,784
At 31 January 2014		10,156			416,013			426,169
Net book value
At 31 January 2014		21,094			245,620			266,714
At 31 January 2013		24,219			273,280			297,499

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2014 £			2013 £
Amounts falling due within one year		107,655			81,083

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
A Ordinary of £1 each		891,287			891,287			891,287			891,287
B Ordinary of £0.01 each		2,000,000			20,000			2,000,000			20,000
		2,891,287			911,287			2,891,287			911,287

Page 5