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REGISTERED NUMBER: 07145222 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

Borealis Consulting Ltd

Borealis Consulting Ltd (Registered number: 07145222)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Borealis Consulting Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: J C Williams
Mrs J A Williams





REGISTERED OFFICE: 23 Woodland Road
Darlington
Co. Durham
DL3 7BJ





REGISTERED NUMBER: 07145222 (England and Wales)





ACCOUNTANTS: Chrichard & Co
23 Woodland Road
Darlington
Co. Durham
DL3 7BJ

Borealis Consulting Ltd (Registered number: 07145222)

Abridged Statement of Financial Position
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,440 7,893
Investments 5 316,114 315,429
323,554 323,322

CURRENT ASSETS
Cash at bank 101,147 125,237

CREDITORS
Amounts falling due within one year 12,714 1,816
NET CURRENT ASSETS 88,433 123,421
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,987

446,743

PROVISIONS FOR LIABILITIES 1,413 1,301
NET ASSETS 410,574 445,442

CAPITAL AND RESERVES
Called up share capital 6 4 4
Retained earnings 410,570 445,438
SHAREHOLDERS' FUNDS 410,574 445,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Borealis Consulting Ltd (Registered number: 07145222)

Abridged Statement of Financial Position - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:





J C Williams - Director


Borealis Consulting Ltd (Registered number: 07145222)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Borealis Consulting Ltd 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 as modified by the revaluation of certain assets.

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 etc - 25% on reducing balance and 15% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

Borealis Consulting Ltd (Registered number: 07145222)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 19,887
Additions 2,816
Disposals (11,155 )
At 28 February 2023 11,548
DEPRECIATION
At 1 March 2022 11,994
Charge for year 426
Eliminated on disposal (8,312 )
At 28 February 2023 4,108
NET BOOK VALUE
At 28 February 2023 7,440
At 28 February 2022 7,893

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 March 2022 315,429
Revaluations 685
At 28 February 2023 316,114
NET BOOK VALUE
At 28 February 2023 316,114
At 28 February 2022 315,429

Cost or valuation at 28 February 2023 is represented by:
Totals
£   
Valuation in 2023 316,114

6. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1.00 2 2
2 Ordinary B £1.00 2 2
4 4