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REGISTERED NUMBER: 09249018 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BOCCHI UK LTD

BOCCHI UK LTD (REGISTERED NUMBER: 09249018)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOCCHI UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S Ak
E G Yildirim





REGISTERED OFFICE: Unit 6
Sundon Business Park
Dencora Way
Luton
Bedfordshire
LU3 3HP





REGISTERED NUMBER: 09249018 (England and Wales)





ACCOUNTANTS: Friend & Grant Ltd
Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW

BOCCHI UK LTD (REGISTERED NUMBER: 09249018)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 64,060 40,031

CURRENT ASSETS
Debtors 6 574,301 273,762
Cash at bank and in hand 3,679 11,567
577,980 285,329
CREDITORS
Amounts falling due within one year 7 583,748 266,103
NET CURRENT (LIABILITIES)/ASSETS (5,768 ) 19,226
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,292

59,257

CREDITORS
Amounts falling due after more than one
year

8

(54,228

)

(49,184

)

PROVISIONS FOR LIABILITIES (10,255 ) (5,339 )
NET (LIABILITIES)/ASSETS (6,191 ) 4,734

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 9,988 9,988
Retained earnings (16,279 ) (5,354 )
SHAREHOLDERS' FUNDS (6,191 ) 4,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BOCCHI UK LTD (REGISTERED NUMBER: 09249018)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Board of Directors and authorised for issue on 4 June 2024 and were signed on its behalf by:





E G Yildirim - Director


BOCCHI UK LTD (REGISTERED NUMBER: 09249018)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Bocchi UK Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes. Turnover is not recognised when goods or services are exchanged for goods or services that are of a similar nature and value or when the transaction lacks commercial substance.

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;
- the company retains neither continuing managerial involvement to the degree usually associated with the ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the transaction;
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance


BOCCHI UK LTD (REGISTERED NUMBER: 09249018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. ACCOUNTING POLICIES - continued
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.

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
Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

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.

Employee benefits
The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

BOCCHI UK LTD (REGISTERED NUMBER: 09249018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 15,000 1,972 52,935 69,907
Additions - 2,792 53,215 56,007
Disposals (15,000 ) - - (15,000 )
At 31 December 2023 - 4,764 106,150 110,914
DEPRECIATION
At 1 January 2023 4,375 687 24,814 29,876
Charge for year - 1,019 20,334 21,353
Eliminated on disposal (4,375 ) - - (4,375 )
At 31 December 2023 - 1,706 45,148 46,854
NET BOOK VALUE
At 31 December 2023 - 3,058 61,002 64,060
At 31 December 2022 10,625 1,285 28,121 40,031

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 52,935
Additions 53,215
At 31 December 2023 106,150
DEPRECIATION
At 1 January 2023 24,814
Charge for year 20,334
At 31 December 2023 45,148
NET BOOK VALUE
At 31 December 2023 61,002
At 31 December 2022 28,121

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 567,389 262,096
Other debtors 6,912 11,666
574,301 273,762

BOCCHI UK LTD (REGISTERED NUMBER: 09249018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 25,458 14,319
Trade creditors 441,667 197,663
Taxation and social security 80,431 34,154
Other creditors 26,192 9,967
583,748 266,103

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 24,163 34,163
Hire purchase contracts 30,065 15,021
54,228 49,184

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2023 and the period ended 31 December 2022:

2023 2022
£    £   
E G Yildirim
Balance outstanding at start of year (3,890 ) (136 )
Amounts advanced 3,886 3,108
Amounts repaid (7,941 ) (6,862 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,945 ) (3,890 )

The loan from the director to the company is unsecured, interest free and repayable on demand.