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REGISTERED NUMBER: 06161156 (England and Wales)

















Financial Statements

for the Year Ended 31 December 2023

for

BOA Recycling (UK) Limited

BOA Recycling (UK) Limited (Registered number: 06161156)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BOA Recycling (UK) Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: S Kamperman



REGISTERED OFFICE: Unit 1 Nicholson Way
Wellington Road
Burton Upon Trent
Staffordshire
DE14 2AW



REGISTERED NUMBER: 06161156 (England and Wales)



AUDITORS: Caerwyn Jones
Chartered Accountants and Statutory Auditor
Emstrey House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG



BANKERS: HSBC Bank Plc
23 Broad Street
Welshpool
Powys
SY21 7RN

BOA Recycling (UK) Limited (Registered number: 06161156)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,466 583

CURRENT ASSETS
Inventories 79,310 60,116
Debtors 5 356,173 204,126
Cash at bank 175,749 136,060
611,232 400,302
CREDITORS
Amounts falling due within one year 6 372,276 123,181
NET CURRENT ASSETS 238,956 277,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,422

277,704

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 241,322 277,604
SHAREHOLDERS' FUNDS 241,422 277,704

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 July 2024 and were signed by:





S Kamperman - Director


BOA Recycling (UK) Limited (Registered number: 06161156)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

BOA Recycling (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on cost
Fixtures and fittings - 25% on cost

Stocks
Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


BOA Recycling (UK) Limited (Registered number: 06161156)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023 3,969 1,726 5,695
Additions 2,329 - 2,329
At 31 December 2023 6,298 1,726 8,024
DEPRECIATION
At 1 January 2023 3,386 1,726 5,112
Charge for year 446 - 446
At 31 December 2023 3,832 1,726 5,558
NET BOOK VALUE
At 31 December 2023 2,466 - 2,466
At 31 December 2022 583 - 583

BOA Recycling (UK) Limited (Registered number: 06161156)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. PROPERTY, PLANT AND EQUIPMENT - continued

On 4 March 2019 a fixed and floating charge was entered into over the freehold and leasehold property owned by the company.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 343,807 193,771
Other debtors 12,366 10,355
356,173 204,126

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14,816 10,769
Amounts owed to participating interests 220,001 20,355
Taxation and social security 54,757 67,130
Other creditors 82,702 24,927
372,276 123,181

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 8,853 8,853
Between one and five years 7,378 16,231
16,231 25,084

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

D C Blofield BSc FCA MEWI (Senior Statutory Auditor)
for and on behalf of Caerwyn Jones

BOA Recycling (UK) Limited (Registered number: 06161156)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

9. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of BOA Recycling Systems BV.

During the year the company made sales to BOA Recycling Systems BV of £50,968 (2022 - £25,734).

The company purchased goods and services during the year from BOA Recycling Systems BV of £947,537 (2022 - £536,379).

Included in creditors due within one year is an amount of £220,001 (2022 - £20,355) due from BOA Recycling Systems BV.

During the year dividends of £11,062 (2022 - £153,742) were paid out by the company and received by BOA Recycling Systems BV.

BOA Recycling Systems BV is a subsidiary of BOA Recycling Group Holding BV.

10. ULTIMATE CONTROLLING PARTY

The company is controlled 100% by BOA Recycling Systems BV, a company incorporated in the Netherlands.

The ultimate parent undertaking of BOA Recycling Systems BV is BOA Recycling Group Holding BV, a company incorporated in the Netherlands.