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REGISTERED NUMBER: SC222153 (Scotland)















Financial Statements for the Year Ended 30 April 2023

for

Borders Area Services Limited

Borders Area Services Limited (Registered number: SC222153)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Borders Area Services Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: G K Lee
J W Shanks
S Williams



SECRETARY: M R Bayne



REGISTERED OFFICE: Leader House
Mill Road
Earlston
TD4 6DG



REGISTERED NUMBER: SC222153 (Scotland)



AUDITORS: Douglas Home & Co (Audit) Limited
47-49 The Square
Kelso
Roxburghshire
TD5 7HW



BANKERS: The Royal Bank of Scotland PLC
31 High Street
Hawick
TD9 9BX

Borders Area Services Limited (Registered number: SC222153)

Statement of Financial Position
30 April 2023

30/4/23 30/4/22
Notes £    £   
CURRENT ASSETS
Inventories 430 482
Debtors 4 26,804 35,309
Cash at bank 97,295 93,178
124,529 128,969
CREDITORS
Amounts falling due within one year 5 67,953 72,952
NET CURRENT ASSETS 56,576 56,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,576

56,017

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 56,575 56,016
SHAREHOLDERS' FUNDS 56,576 56,017

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by:





G K Lee - Director


Borders Area Services Limited (Registered number: SC222153)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Borders Area Services 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 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.

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

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.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the statement of financial activities in the period in which they relate.

Borders Area Services Limited (Registered number: SC222153)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - NIL ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Trade debtors 13,292 20,247
Accrued income 12,079 13,661
Prepayments 1,433 1,401
26,804 35,309

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Trade creditors 16,995 8,497
Amounts owed to group undertakings 2,767 6,745
Corporation Tax 131 722
Social security and other taxes 6,837 7,698
VAT 18,753 22,478
Other creditors 1,962 1,597
Accrued expenses 20,508 25,215
67,953 72,952

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

The Report of the Auditors was unqualified.

Caroline Tice BA CA (Senior Statutory Auditor)
for and on behalf of Douglas Home & Co (Audit) Limited

7. RELATED PARTY DISCLOSURES

Transactions with directors & management
During the year the company provided services to a director and management. These transactions were to the value of £1,060 and all under normal market conditions.

Borders Machinery Ring Limited
The parent company

During the year, Borders Machinery Ring Limited charged the company for managerial & training services. All trading was in accordance with the normal operating rules.

30/4/23 30/4/22
£ £
Amount due (to)/from related party at balance sheet date (2,767 ) (6,745 )

Value of management charges in the year 66,033 58,986


Value of services supplied in the year

3,605

3,921

8. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party of Border Area Services Ltd is Borders Machinery Ring Ltd.