Bolsius (UK) Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 7

Bolsius (UK) Limited

Balance Sheet

31 March 2025

	Note	2025 £	2024 £
Current assets
Stocks	6	13,408	33,863
Debtors	7	556,476	818,692
Cash at bank and in hand		2,219,827	1,662,876
		2,789,711	2,515,431
Creditors: Amounts falling due within one year	8	(542,137)	(392,434)
Net assets		2,247,574	2,122,997
Capital and reserves
Called up share capital	9	150,000	150,000
Capital contribution reserve		5,983,915	5,983,915
Profit and loss account		(3,886,341)	(4,010,918)
Shareholders' funds		2,247,574	2,122,997

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 11 September 2025
 

......................................... Dr M-P Meinen Director

Company Registration Number: 01813066

Bolsius (UK) Limited

Notes to the Financial Statements

Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hitchcock House
Hilltop Park
Devizes Road
Salisbury
Wiltshire
SP3 4UF

These financial statements were authorised for issue by the director on 11 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements have been presented in Sterling, rounded to the nearest whole pound.

Going concern

The director has considered the potential impact of sensitivities in income streams and has reviewed the level of core overheads of the business, to determine if there is sufficient working capital to meet these requirements.

The threat to income steams has been addressed by a review of the brand strategy, and reacting to emerging issues within the marketplace. As such the group is committed to support the UK operations with enhanced brand messaging; the results have been positive and in line with strategic projections.

The main costs are from group companies and these costs are required for the company to continue trading. Having reviewed the level of profitability, cash generation and working capital within the group, the director is satisfied that it is reasonable to estimate that the parent company will continue to trade with the company for 12 months from the date of signing. On this basis the director continues to adopt the going concern basis of presentation.

Revenue recognition

Turnover represents the fair value of consideration receivable excluding Value Added Tax, in the ordinary course of business for goods and services provided. Turnover is recognised at the point when goods are delivered to customers.

Bolsius (UK) Limited

Notes to the Financial Statements

Year Ended 31 March 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

A deferred tax asset has been recognised for the utilisation of future taxable losses. The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & machinery	straight line over 3 years

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	straight line over 5 years

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods comprise direct materials athat have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Rentals payable under operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged in the profit and loss account on a straight line basis over the lease term.

Bolsius (UK) Limited

Notes to the Financial Statements

Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

Bolsius (UK) Limited

Notes to the Financial Statements

Year Ended 31 March 2025

4

Taxation

Deferred tax

Deferred tax assets and liabilities

2025	Asset £
	122,000

2024	Asset £
	122,000

The deferred tax asset of £122,000 (2024 - £122,000) is included in other debtors in note 8.

The total unrelieved losses as at 31 March 2025 were £1,893,000 (2024 - £2,015,000).

5	Intangible assets

	Goodwill  £	Total £
Cost
At 1 April 2024	12,500	12,500
At 31 March 2025	12,500	12,500
Amortisation
At 1 April 2024	12,500	12,500
At 31 March 2025	12,500	12,500
Carrying amount
At 31 March 2025	-	-