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REGISTERED NUMBER: SC069992 (Scotland)











































Border Safeguard Limited

Financial Statements

for the Year Ended 31st May 2018






Border Safeguard Limited (Registered number: SC069992)






Contents of the Financial Statements
for the year ended 31st May 2018




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 6


Border Safeguard Limited

Company Information
for the year ended 31st May 2018







Directors: J C Wheelans
Mrs D Wheelans
A Wheelans





Secretary: T E Allan





Registered office: The Engine House
Ettrick Riverside
Dunsdale Road
Selkirk
Selkirkshire
TD7 5EB





Registered number: SC069992 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Border Safeguard Limited (Registered number: SC069992)

Balance Sheet
31st May 2018

2018 2017
Notes £    £    £    £   
Fixed assets
Tangible assets 4 442,000 452,388

Current assets
Stocks 10,152 9,706
Debtors 5 145,964 157,930
Cash at bank and in hand 305,329 240,664
461,445 408,300
Creditors
Amounts falling due within one year 6 149,322 110,610
Net current assets 312,123 297,690
Total assets less current liabilities 754,123 750,078

Creditors
Amounts falling due after more than one
year

7

(8,580

)

(9,457

)

Provisions for liabilities (11,276 ) (11,395 )

Accruals and deferred income (36,247 ) (32,864 )
Net assets 698,020 696,362

Capital and reserves
Called up share capital 4,000 4,000
Retained earnings 694,020 692,362
Shareholders' funds 698,020 696,362

Border Safeguard Limited (Registered number: SC069992)

Balance Sheet - continued
31st May 2018


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors on 1st November 2018 and were signed on
its behalf by:




J C Wheelans - Director



Mrs D Wheelans - Director


Border Safeguard Limited (Registered number: SC069992)

Notes to the Financial Statements
for the year ended 31st May 2018

1. Statutory information

Border Safeguard Limited is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Income is recognised when goods have been delivered to customers such that risks and rewards of
ownership have transferred to them. Turnover arising from the provision of services is recognised as
contract activity progresses and the right to consideration is earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 15% on cost
Motor vehicles - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment
losses.

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

Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net
realisable value is based on estimated selling prices less further costs expected to be incurred in
bringing the stocks to completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade
creditors, other creditors and hire purchase contracts.

Hire purchase contracts are initially measured at the present value of future payments, discounted at a
market rate of interest, and subsequently at amortised cost using the effective interest method.

Trade debtors, trade creditors and other creditors are measured at the undiscounted amount of the
cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period
for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss
is recognised in the statement of income and retained earnings.


Border Safeguard Limited (Registered number: SC069992)

Notes to the Financial Statements - continued
for the year ended 31st May 2018

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of
Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event
prior to the balance sheet date and that a payment will be required in settlement that can be estimated
reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the income
statement in the period in which they are incurred.

Going concern
The directors have considered the company's financial position for a period of 12 months from the date
of signing these financial statements and have reasonable expectation that the company has adequate
resources to continue in operational existence for the foreseeable future. Accordingly, they continue to
adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 19 (2017 - 20 ) .

Border Safeguard Limited (Registered number: SC069992)

Notes to the Financial Statements - continued
for the year ended 31st May 2018

4. Tangible fixed assets
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Cost
At 1st June 2017 451,479 96,877 117,703 666,059
Additions - - 38,645 38,645
Disposals - - (30,380 ) (30,380 )
At 31st May 2018 451,479 96,877 125,968 674,324
Depreciation
At 1st June 2017 54,616 92,033 67,022 213,671
Charge for year 9,030 1,740 31,494 42,264
Eliminated on disposal - - (23,611 ) (23,611 )
At 31st May 2018 63,646 93,773 74,905 232,324
Net book value
At 31st May 2018 387,833 3,104 51,063 442,000
At 31st May 2017 396,863 4,844 50,681 452,388


5. Debtors: amounts falling due within one year
2018 2017
£    £   
Trade debtors 145,964 157,930

6. Creditors: amounts falling due within one year
2018 2017
£    £   
Hire purchase contracts 9,750 9,253
Trade creditors 39,188 37,660
Taxation and social security 38,678 25,416
Other creditors 61,706 38,281
149,322 110,610

7. Creditors: amounts falling due after more than one year
2018 2017
£    £   
Hire purchase contracts 8,580 9,457

8. Secured debts

The following secured debts are included within creditors:

2018 2017
£    £   
Hire purchase contracts 18,330 18,710

Hire purchase contracts are secured on the assets concerned.