Boston Semi Equipment Europe Ltd |
Registered number: |
05287198 |
Balance Sheet |
as at 31 December 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Current assets |
Debtors |
3 |
|
535,332 |
|
|
449,765 |
Cash at bank and in hand |
|
|
2,810 |
|
|
24,129 |
|
|
|
538,142 |
|
|
473,894 |
|
Creditors: amounts falling due within one year |
4 |
|
(35,134) |
|
|
(25,082) |
|
Net current assets |
|
|
|
503,008 |
|
|
448,812 |
|
Net assets |
|
|
|
503,008 |
|
|
448,812 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
502,908 |
|
|
448,712 |
|
Shareholder's funds |
|
|
|
503,008 |
|
|
448,812 |
|
|
|
|
|
|
|
|
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 member has 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 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. |
|
|
|
|
Mr Gary M Romano |
Director |
Approved by the board on 24 September 2024 |
|
Boston Semi Equipment Europe Ltd |
Notes to the Accounts |
for the year ended 31 December 2023 |
|
|
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. |
|
|
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 |
over 7 years St Line |
|
Fixtures, fittings, tools and equipment |
over 7 years St Line |
|
|
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. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
5 |
|
4 |
|
|
|
|
|
|
|
|
|
|
3 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
40,040 |
|
16,445 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
485,551 |
|
424,497 |
|
Other debtors |
9,741 |
|
8,823 |
|
|
|
|
|
|
535,332 |
|
449,765 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Trade creditors |
5,040 |
|
3,604 |
|
Corporation tax |
16,854 |
|
11,895 |
|
Other taxes and social security costs |
13,240 |
|
9,583 |
|
|
|
|
|
|
35,134 |
|
25,082 |
|
|
|
|
|
|
|
|
|
|
5 |
Controlling party |
|
|
The company is a wholly owned subsidiary of Boston Semi Equipment LLC, based in the USA. The registered office of the parent company is 4 Federal Street, Billerica, MA 01821, USA. The ultimate controlling party is BSE Ventures LLC, which is member managed by Michael Gontar and Robert Toan, New York, USA. Messrs. Gontar and Toan collectively hold a 20.18% membership interest in BSE Ventures LLC and all of its voting interests. |
|
|
6 |
Other information |
|
|
Boston Semi Equipment Europe Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
21 York Road |
|
Ground Floor |
|
Maidenhead |
|
Berkshire |
|
SL6 1SQ |