COMPANY REGISTRATION NUMBER:
05723781
|
Boliden Commercial UK Limited |
|
|
Filleted Financial Statements |
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Boliden Commercial UK Limited |
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Statement of Financial Position |
|
31 December 2024
Current assets
|
Debtors |
6 |
46,004 |
|
19,878 |
|
Cash at bank and in hand |
118,649 |
|
116,064 |
|
-------- |
|
-------- |
|
164,653 |
|
135,942 |
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|
|
|
|
|
Prepayments and accrued income |
326 |
|
1,812 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
14,500 |
|
11,718 |
|
-------- |
|
-------- |
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Net current assets |
|
150,479 |
126,036 |
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|
-------- |
-------- |
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Total assets less current liabilities |
|
150,479 |
126,036 |
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|
|
|
|
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Accruals and deferred income |
|
11,651 |
15,360 |
|
|
-------- |
-------- |
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Net assets |
|
138,828 |
110,676 |
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-------- |
-------- |
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Capital and reserves
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Called up share capital |
8 |
|
1 |
1 |
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Profit and loss account |
|
138,827 |
110,675 |
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|
-------- |
-------- |
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Shareholder funds |
|
138,828 |
110,676 |
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-------- |
-------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
22 September 2025
, and are signed on behalf of the board by:
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S. T. Hjelmstedt |
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Director |
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Company registration number:
05723781
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Boliden Commercial UK Limited |
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Notes to the Financial Statements |
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Year ended 31 December 2024
1.
General information
The financial statements are for a single entity and the company is a private company limited by shares, incorporated, registered and trading in England and Wales with company number
05723781
. The address of the registered office is 9 Hurst Road, Longford, Coventry, CV6 6EG.
2.
Statement of compliance
The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS102') and Companies Act 2006.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the company and rounded to the nearest £.
Going concern
As the company is dependant on the parent company for its sales, the accounts have been drawn up on a going concern basis which assumes their support over the next twelve months.
Judgements and key sources of estimation uncertainty
In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Plant and Equipment |
- |
25% straight line |
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Financial instruments
The company only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand and trade and other debtors. These are initially recorded at cost on the date they originate, the company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
3
).
5.
Tangible assets
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Plant and machinery |
Total |
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£ |
£ |
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Cost |
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|
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At 1 January 2024 and 31 December 2024 |
13,351 |
13,351 |
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------- |
------- |
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Depreciation |
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At 1 January 2024 and 31 December 2024 |
13,351 |
13,351 |
|
------- |
------- |
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Carrying amount |
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|
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At 31 December 2024 |
– |
– |
|
------- |
------- |
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At 31 December 2023 |
– |
– |
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------- |
------- |
|
|
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6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
42,103 |
17,931 |
|
Other debtors |
3,901 |
1,947 |
|
------- |
------- |
|
46,004 |
19,878 |
|
------- |
------- |
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|
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7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Social security and other taxes |
14,500 |
11,718 |
|
------- |
------- |
|
|
|
8.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
1 |
1 |
1 |
1 |
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---- |
---- |
---- |
---- |
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9.
Limitation of auditors liability
The company on 4 February 2025 has entered into a limitation of auditors liability with the auditor limiting the auditor's liability to a maximum of £1,500,000 (including interest).
10.
Summary audit opinion
The auditor's report dated
22 September 2025
was
unqualified
.
The senior statutory auditor was
David Pearson
, for and on behalf of
Edwards Pearson & White (Audit) Limited
.
11.
Controlling party
The ultimate parent undertaking and controlling party of the company is Boliden Commercial AB, a company registered in Sweden. Boliden Commercial AB is the parent company of the largest and smallest group in which the company belongs and for which the group financial statements are prepared. A copy of the group financial statements of Boliden Commercial AB are available from the parent's registered office situated at:
Boliden Commercial AB Klarabergsviadukten 90 S-101 20 Stockholm Sweden