BOA Style Limited |
Registered number: |
03995800 |
Balance Sheet |
as at 31 January 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Intangible assets |
4 |
|
|
- |
|
|
- |
Tangible assets |
3 |
|
|
1,497 |
|
|
1,761 |
Investments |
6 |
|
|
- |
|
|
- |
|
|
|
|
1,497 |
|
|
1,761 |
|
Current assets |
Stocks |
|
|
- |
|
|
744 |
Debtors |
4 |
|
16,500 |
|
|
19,730 |
Investments held as current assets |
8 |
|
- |
|
|
- |
Cash at bank and in hand |
|
|
19 |
|
|
3 |
|
|
|
16,519 |
|
|
20,477 |
|
Creditors: amounts falling due within one year |
5 |
|
(32,050) |
|
|
(31,269) |
|
Net current liabilities |
|
|
|
(15,531) |
|
|
(10,792) |
|
Total assets less current liabilities |
|
|
|
(14,034) |
|
|
(9,031) |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(1,616,485) |
|
|
(1,622,362) |
|
Provisions for liabilities |
|
|
|
- |
|
|
- |
|
|
Net liabilities |
|
|
|
(1,630,519) |
|
|
(1,631,393) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
500 |
|
|
500 |
Share premium |
|
|
|
- |
|
|
- |
Revaluation reserve |
12 |
|
|
- |
|
|
- |
Profit and loss account |
|
|
|
(1,631,019) |
|
|
(1,631,893) |
|
Shareholders' funds |
|
|
|
(1,630,519) |
|
|
(1,631,393) |
|
|
|
|
|
|
|
|
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 October 2024 |
|
BOA Style Limited |
Notes to the Accounts |
for the year ended 31 January 2024 |
|
|
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 fair 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: |
|
|
Freehold buildings |
10% Reducing Balance |
|
Plant and machinery |
15% Reducing Balance |
|
|
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. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
£ |
|
Cost |
|
At 1 February 2023 |
- |
|
191,603 |
|
- |
|
191,603 |
|
Additions |
- |
|
- |
|
- |
|
- |
|
Surplus on revaluation |
- |
|
- |
|
- |
|
- |
|
Disposals |
- |
|
- |
|
- |
|
- |
|
At 31 January 2024 |
- |
|
191,603 |
|
- |
|
191,603 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2023 |
- |
|
189,842 |
|
- |
|
189,842 |
|
Charge for the year |
- |
|
264 |
|
- |
|
264 |
|
Surplus on revaluation |
- |
|
- |
|
- |
|
- |
|
On disposals |
- |
|
- |
|
- |
|
- |
|
At 31 January 2024 |
- |
|
190,106 |
|
- |
|
190,106 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2024 |
- |
|
1,497 |
|
- |
|
1,497 |
|
At 31 January 2023 |
- |
|
1,761 |
|
- |
|
1,761 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2024 |
|
2023 |
£ |
£ |
|
Historical cost |
- |
|
- |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
- |
|
- |
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
- |
|
3,226 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
- |
|
- |
|
Deferred tax asset |
|
|
|
|
- |
|
- |
|
Other debtors |
16,500 |
|
16,504 |
|
|
|
|
|
|
16,500 |
|
19,730 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Non-equity preference shares |
- |
|
- |
|
Bank loans and overdrafts |
- |
|
- |
|
Obligations under finance lease and hire purchase contracts |
- |
|
- |
|
Trade creditors |
- |
|
1,577 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
32,050 |
|
29,692 |
|
Taxation and social security costs |
- |
|
- |
|
Other creditors |
- |
|
- |
|
|
|
|
|
|
32,050 |
|
31,269 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
|
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 |
1,616,485 |
|
1,622,362 |
|
|
|
|
|
|
1,616,485 |
|
1,622,362 |
|
|
|
|
|
|
|
|
|
|
7 |
Events after the reporting date |
|
|
There have been no significant events for the company since the balance sheet date. |
|
|
8 |
Contingent liabilities |
|
|
There are no contingent liabilities at the date of the balance sheet |
|
|
9 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
|
There were no loans to the director at any time during the year |
|
10 |
Guarantees made by the company on behalf of directors |
|
Main terms |
Maximum |
Amount paid |
liability |
and incurred |
£ |
£ |
|
No Guarantees were given on behalf of the director during the year |
|
11 |
Related party transactions |
|
|
BOA UK Ltd |
|
Deemed related for Corporation Tax purposes only |
|
At the balance sheet date, the listed amount was due from/(to) BOA (UK) Ltd |
|
(32,050) |
|
(29,692) |
|
|
12 |
Controlling party |
|
|
The company is controlled by the director who owns 100% of the called up share capital |
|
|
13 |
Other information |
|
|
BOA Style 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 |