| BOA (UK) Limited |
| Registered number: |
02954891 |
| Abbreviated Balance Sheet |
| as at 31 January 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
14,844 |
|
|
17,969 |
| Tangible assets |
3 |
|
|
212,853 |
|
|
231,457 |
|
|
|
|
227,697 |
|
|
249,426 |
|
| Current assets |
| Stocks |
|
|
734,542 |
|
|
681,694 |
| Debtors |
4 |
|
172,305 |
|
|
186,749 |
| Cash at bank and in hand |
|
|
8,198 |
|
|
21,191 |
|
|
|
915,045 |
|
|
889,634 |
|
| Creditors: amounts falling due within one year |
|
|
(107,665) |
|
|
(135,332) |
|
| Net current assets |
|
|
|
807,380 |
|
|
754,302 |
|
| Total assets less current liabilities |
|
|
|
1,035,077 |
|
|
1,003,728 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(260,012) |
|
|
(365,410) |
|
| Net assets |
|
|
|
775,065 |
|
|
638,318 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
5 |
|
|
982,398 |
|
|
902,398 |
| Share premium |
|
|
|
- |
|
|
- |
| Revaluation reserve |
|
|
|
- |
|
|
- |
| Capital redemption reserve |
|
|
|
- |
|
|
- |
| Profit and loss account |
|
|
|
(207,333) |
|
|
(264,080) |
|
| Shareholders' funds |
|
|
|
775,065 |
|
|
638,318 |
|
|
|
|
|
|
|
|
| The director is 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 director acknowledges his 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Brian Michael Alexander |
| Director |
| Approved by the board on 21 October 2016 |
|
| BOA (UK) Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 January 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
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. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
10% Reducing Balance |
|
Office Equipment |
15% Reducing Balance |
|
|
Stocks |
|
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 currencies |
|
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 differences 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, financal 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. |
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 February 2015 |
31,250 |
|
Additions |
- |
|
Disposals |
- |
|
At 31 January 2016 |
31,250 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 February 2015 |
13,281 |
|
Provided during the year |
3,125 |
|
On disposals |
- |
|
At 31 January 2016 |
16,406 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2016 |
14,844 |
|
At 31 January 2015 |
17,969 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 February 2015 |
673,487 |
|
Additions |
5,313 |
|
Surplus on revaluation |
- |
|
Disposals |
- |
|
At 31 January 2016 |
678,800 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2015 |
442,030 |
|
Charge for the year |
23,917 |
|
Surplus on revaluation |
- |
|
On disposals |
- |
|
At 31 January 2016 |
465,947 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2016 |
212,853 |
|
At 31 January 2015 |
231,457 |
|
| 4 |
Debtors |
2016 |
|
2015 |
| £ |
£ |
|
Debtors include: |
|
|
Amounts due after more than one year |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 5 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
971,287 |
|
971,287 |
|
891,287 |
|
B Ordinary shares |
0.01 US$ each |
|
2,000,000 |
|
11,111 |
|
11,111 |
|
|
|
|
|
|
982,398 |
|
902,398 |
|
Preference shares |
£1 each |
|
- |
|
- |
|
- |
|
|
|
|
|
|
982,398 |
|
902,398 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Brian Michael Alexander |
|
There were no loans to the director at any time during the year |
- |
|
- |
|
- |
|
- |
|
|
| 7 |
Guarantees made by the company on behalf of directors |
|
Description and terms |
Maximum |
Amount paid |
| liability |
and incurred |
| £ |
£ |
|
Brian Michael Alexander |
|
No Guarantees were given on behalf of the director during the year |
|
- |
|
- |
|
|
|
|
|
|
|
|
| 8 |
Ultimate controlling party |
|
|
The company is controlled by the director who owns 100% of the called up share capital |
