Company Registration No. 04774372 (England and Wales)
Border Automation Services Limited
Unaudited accounts
for the year ended 31 May 2023
Border Automation Services Limited
Unaudited accounts
Contents
Border Automation Services Limited
Company Information
for the year ended 31 May 2023
Company Number
04774372 (England and Wales)
Registered Office
20 Belvoir Road
Bristol
BS6 5DJ
Accountants
Evans Entwistle
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Border Automation Services Limited
for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Border Automation Services Limited for the year ended 31 May 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
12 July 2023
Border Automation Services Limited
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
3,779
8,338
Creditors: amounts falling due within one year
(16,107)
(7,432)
Net current assets
9,012
12,223
Total assets less current liabilities
9,638
13,564
Creditors: amounts falling due after more than one year
(8,701)
(15,678)
Net assets/(liabilities)
937
(2,114)
Called up share capital
1
1
Profit and loss account
936
(2,115)
Shareholders' funds
937
(2,114)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 July 2023 and were signed on its behalf by
G Frost
Director
Company Registration No. 04774372
Border Automation Services Limited
Notes to the Accounts
for the year ended 31 May 2023
Border Automation Services Limited is a private company, limited by shares, registered in England and Wales, registration number 04774372. The registered office is 20 Belvoir Road, Bristol, BS6 5DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Border Automation Services Limited
Notes to the Accounts
for the year ended 31 May 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
11,998
23,421
7,874
43,293
At 31 May 2023
11,998
23,421
8,679
44,098
At 1 June 2022
11,998
22,234
7,720
41,952
Charge for the year
-
1,187
333
1,520
At 31 May 2023
11,998
23,421
8,053
43,472
At 31 May 2023
-
-
626
626
At 31 May 2022
-
1,187
154
1,341
Finished goods
5,912
6,569
Amounts falling due within one year
Border Automation Services Limited
Notes to the Accounts
for the year ended 31 May 2023
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,302
-
Obligations under finance leases and hire purchase contracts
1,239
3,126
Trade creditors
5,323
2,283
Taxes and social security
3,076
-
9
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
678
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan advances made by directors
4,231
2,449
-
6,680
The balance represent an interest free loan issued to the director that is repayable upon demand.
12
Average number of employees
During the year the average number of employees was 1 (2022: 1).