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 2021
BOA UK Limited
Registered number: 02954891
Balance Sheet
as at 31 January 2021
Notes 2021 2020
£ £
Fixed assets
Intangible assets 3 - 2,344
Tangible assets 4 126,445 139,452
Investments 6 - -
126,445 141,796
Current assets
Stocks 808,738 772,202
Debtors 5 75,104 81,244
Investments held as current assets 8 - -
Cash at bank and in hand 2,126 4
885,968 853,450
Creditors: amounts falling due within one year 6 (46,022) (85,035)
Net current assets 839,946 768,415
Total assets less current liabilities 966,391 910,211
Creditors: amounts falling due after more than one year 7 (50,000) -
Provisions for liabilities - -
Net assets 916,391 910,211
Capital and reserves
Called up share capital 982,398 982,398
Share premium - -
Revaluation reserve 12 - -
Profit and loss account (66,007) (72,187)
Shareholders' funds 916,391 910,211
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 27 January 2022
BOA UK Limited
Notes to the Accounts
for the year ended 31 January 2021
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:
Plant and machinery 10% Reducing Balance
Fixtures, fittings, tools and equipment 15% Reducing Balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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 2021 2020
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2020 31,250
Additions -
Disposals -
At 31 January 2021 31,250
Amortisation
At 1 February 2020 28,906
Provided during the year 2,344
On disposals -
At 31 January 2021 31,250
Net book value
At 31 January 2021 -
At 31 January 2020 2,344
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 2020 - 677,391 - 677,391
Additions - 1,042 - 1,042
Surplus on revaluation - - - -
Disposals - - - -
At 31 January 2021 - 678,433 - 678,433
Depreciation
At 1 February 2020 - 537,939 - 537,939
Charge for the year - 14,049 - 14,049
Surplus on revaluation - - - -
On disposals - - - -
At 31 January 2021 - 551,988 - 551,988
Net book value
At 31 January 2021 - 126,445 - 126,445
At 31 January 2020 - 139,452 - 139,452
Freehold land and buildings: 2021 2020
£ £
Historical cost - -
Cumulative depreciation based on historical cost - -
- -
[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.]
5 Debtors 2021 2020
£ £
Trade debtors 42,905 45,904
Amounts owed by group undertakings and undertakings in which the company has a participating interest 24,046 14,881
Deferred tax asset - -
Other debtors 8,153 20,459
75,104 81,244
Amounts due after more than one year included above - -
6 Creditors: amounts falling due within one year 2021 2020
£ £
Non-equity preference shares - -
Bank loans and overdrafts (6,643) 375
Obligations under finance lease and hire purchase contracts - -
Trade creditors 49,053 84,943
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Taxation and social security costs 2,312 (283)
Other creditors 1,300 -
46,022 85,035
7 Creditors: amounts falling due after one year 2021 2020
£ £
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 50,000 -
50,000 -
8 Loans 2021 2020
£ £
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 24,046 14,881
22 Controlling party
The company is controlled by the director who owns 100% of the called up share capital
23 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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