Registered number
05287198
Boston Semi Equipment Europe Ltd
Filleted Accounts
31 December 2024
Boston Semi Equipment Europe Ltd
Registered number: 05287198
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 577,784 535,332
Cash at bank and in hand 22,127 2,810
599,911 538,142
Creditors: amounts falling due within one year 4 (34,125) (35,134)
Net current assets 565,786 503,008
Net assets 565,786 503,008
Capital and reserves
Called up share capital 100 100
Profit and loss account 565,686 502,908
Shareholder's funds 565,786 503,008
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 15 August 2025
Boston Semi Equipment Europe Ltd
Notes to the Accounts
for the year ended 31 December 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 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 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Debtors 2024 2023
£ £
Trade debtors 13,650 40,040
Amounts owed by group undertakings and undertakings in which the company has a participating interest 554,576 485,551
Other debtors 9,558 9,741
577,784 535,332
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,569 5,040
Corporation tax 21,294 16,854
Other taxes and social security costs 8,262 13,240
34,125 35,134
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 9 Beaver Brook Road, Littleton, MA 01460 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
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