REGISTERED NUMBER: 06161156 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

BOA Recycling (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Kamperman

REGISTERED OFFICE:

Unit 1 Nicholson Way

Wellington Road

Burton Upon Trent

Staffordshire

DE14 2AW

REGISTERED NUMBER:

06161156 (England and Wales)

AUDITORS:

WR Partners

Chartered Accountants and Statutory Auditor

Belmont House

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6LG

BANKERS:

HSBC Bank Plc

40 Broad Street

Welshpool

Powys

SY21 7RT

FIXED ASSETS

Property, plant and equipment

4

1,959

2,466

CURRENT ASSETS

Inventories

35,000

79,310

Debtors

5

219,104

356,173

Cash at bank

58,483

175,749

312,587

611,232

CREDITORS

Amounts falling due within one year

6

96,323

372,276

NET CURRENT ASSETS

216,264

238,956

TOTAL ASSETS LESS CURRENT LIABILITIES

218,223

241,422

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

218,123

241,322

SHAREHOLDERS' FUNDS

218,223

241,422

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 director and authorised for issue on 20 August 2025 and were signed by:

S Kamperman - Director

1.	STATUTORY INFORMATION

BOA Recycling (UK) Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2024

6,298

1,726

8,024

Additions

103

150

253

At 31 December 2024

6,401

1,876

8,277

DEPRECIATION

At 1 January 2024

3,832

1,726

5,558

Charge for year

757

3

760

At 31 December 2024

4,589

1,729

6,318

NET BOOK VALUE

At 31 December 2024

1,812

147

1,959

At 31 December 2023

2,466

-

2,466

On 4 March 2019 a fixed and floating charge was entered into over the freehold and leasehold property owned by the company.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

190,003

343,807

Amounts owed by participating interests

19,275

-

Other debtors

9,826

12,366

219,104

356,173

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

8,674

14,816

Amounts owed to participating interests

-

220,001

Taxation and social security

48,527

54,757

Other creditors

39,122

82,702

96,323

372,276

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

8,309

8,853

Between one and five years

-

7,378

8,309

16,231

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Helen Pierce (Senior Statutory Auditor)

for and on behalf of WR Partners

9.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of BOA Recycling Systems BV.

During the year the company made sales to BOA Recycling Systems BV of £53,812 (2023 - £50,968).

The company purchased goods and services during the year from BOA Recycling Systems BV of £354,101 (2023 - £947,537).

Included in debtors due within one year is an amount of £19,275 (2023 - Creditor : £220,001) due from BOA Recycling Systems BV.

During the year dividends of £126,981 (2023 - £11,062) were paid out by the company and received by BOA Recycling Systems BV.

BOA Recycling Systems BV is a subsidiary of BOA Recycling Group Holding BV.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled 100% by BOA Recycling Systems BV, a company incorporated in the Netherlands.

The ultimate parent undertaking of BOA Recycling Systems BV is BOA Recycling Group Holding BV, a company incorporated in the Netherlands.