Registered number
01741720
Thomas Boers (UK) Limited
Report and Accounts
31 December 2024
Independent Chartered Accountants' review report to the directors of Thomas Boers (UK) Limited
We have reviewed the accounts of Thomas Boers (UK) Limited for the year ended 31 December 2024, which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 Section 1A'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
This report is made solely to the Company’s directors, as a body, in accordance with the terms of our engagement letter dated 20 April 2022. Our review has been undertaken so that we might state to the company's directors those matters we have agreed with them in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s directors as a body for our work, for this report or the conclusions we have formed.
Directors' responsibility for the accounts
As explained more fully in the Directors' Repsonsibilities Statement, the directors are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view.
Accountants' responsibility
Our responsibility is to express a conclusion based on our review of the accounts. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), Engagements to review historical financial statements and ICAEW Technical Release TECH 09/13AAF Assurance review engagements on historical financial statements. ISRE 2400 also requires us to comply with the ICAEW Code of Ethics.
Scope of the assurance review
A review of the accounts in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed additional procedures to those required under a compilation engagement. These primarily consist of making enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly, we do not express an audit opinion on these accounts.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the accounts have not been prepared:
● so as to give a true and fair view of the state of the Company’s affairs as at 31 December 2024, and of its profit for the year then ended;
● in accordance with United Kingdom Generally Accepted Accounting Practice applicable to smaller entities; and
● in accordance with the requirements of the Companies Act 2006.
Hicks and Company
Chartered Accountants
99 Bancroft
Hitchin
Herts
SG5 1NQ
26 September 2025
Thomas Boers (UK) Limited
Registered number: 01741720
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 618,755 538,492
Current assets
Stocks 1,849 2,342
Debtors 4 712,838 585,953
Cash at bank and in hand 41,394 195,681
756,081 783,976
Creditors: amounts falling due within one year 5 (300,721) (330,865)
Net current assets 455,360 453,111
Total assets less current liabilities 1,074,115 991,603
Creditors: amounts falling due after more than one year 6 (312,651) (237,203)
Provisions for liabilities (114,784) (145,229)
Net assets 646,680 609,171
Capital and reserves
Called up share capital 3,000 3,000
Profit and loss account 643,680 606,171
Shareholders' funds 646,680 609,171
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.
Leendert Boers Angelo Boers
Director Director
Approved by the board on 26 September 2025
Thomas Boers (UK) Limited
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, Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Warehouse equipment 20% reducing balance
Office furniture and equipment 10% reducing balance
Motor vehicles 25% reducing balance
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 19 17
3 Tangible fixed assets
Warehouse equipment Office furniture and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 31,355 37,520 1,164,100 1,232,975
Additions - - 249,406 249,406
Disposals - - (161,400) (161,400)
At 31 December 2024 31,355 37,520 1,252,106 1,320,981
Depreciation
At 1 January 2024 23,918 28,077 642,488 694,483
Charge for the year 1,481 944 150,462 152,887
On disposals - - (145,144) (145,144)
At 31 December 2024 25,399 29,021 647,806 702,226
Net book value
At 31 December 2024 5,956 8,499 604,300 618,755
At 31 December 2023 7,437 9,443 521,612 538,492
4 Debtors 2024 2023
£ £
Trade debtors 329,195 411,099
Amounts owed by group undertakings and undertakings in which the company has a participating interest 66,971 -
Other debtors 316,672 174,854
712,838 585,953
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 169,035 134,590
Trade creditors 122,222 105,597
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 51,509
Other taxes and social security costs - 26,503
Other creditors 9,464 12,666
300,721 330,865
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 312,651 237,203
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 262,500 352,500
8 Related party transactions 2024 2023
£ £
L Boers
Director of Thomas Boers UK Limited and Thomas Boers BV
Goods and services sold 1,973,221 1,792,299
Services purchased 1,618,606 1,688,172
Amount due from (to) the related party 66,971 (51,509)
L Boers
Director of Thomas Boers UK Limited and Leendert Boers Holding BV
Management charges purchased 52,290 52,290
Amount due from (to) the related party
9 Controlling party
The shares of the company are all held by Leendert Boers Holding Gravenzande BV which is incorporated in Holland. Its registered office is:
Noordlandselaan 21
26g1 KS s'Gravenzande
Holland
10 Other information
Thomas Boers (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Perry Way
Witham
Essex
CM8 3SX
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