2022-03-012023-02-282023-02-28false05416661THE BOROUGH LANCASTER LTD2023-11-2056101iso4217:GBPxbrli:pure054166612022-03-01054166612023-02-28054166612022-03-012023-02-28054166612021-03-01054166612022-02-28054166612021-03-012022-02-2805416661bus:SmallEntities2022-03-012023-02-2805416661bus:AuditExempt-NoAccountantsReport2022-03-012023-02-2805416661bus:FullAccounts2022-03-012023-02-2805416661bus:PrivateLimitedCompanyLtd2022-03-012023-02-2805416661core:WithinOneYear2023-02-2805416661core:AfterOneYear2023-02-2805416661core:WithinOneYear2022-02-2805416661core:AfterOneYear2022-02-2805416661core:ShareCapital2023-02-2805416661core:SharePremium2023-02-2805416661core:RevaluationReserve2023-02-2805416661core:OtherReservesSubtotal2023-02-2805416661core:RetainedEarningsAccumulatedLosses2023-02-2805416661core:ShareCapital2022-02-2805416661core:SharePremium2022-02-2805416661core:RevaluationReserve2022-02-2805416661core:OtherReservesSubtotal2022-02-2805416661core:RetainedEarningsAccumulatedLosses2022-02-2805416661core:LandBuildings2023-02-2805416661core:PlantMachinery2023-02-2805416661core:Vehicles2023-02-2805416661core:FurnitureFittings2023-02-2805416661core:OfficeEquipment2023-02-2805416661core:NetGoodwill2023-02-2805416661core:IntangibleAssetsOtherThanGoodwill2023-02-2805416661core:ListedExchangeTraded2023-02-2805416661core:UnlistedNon-exchangeTraded2023-02-2805416661core:LandBuildings2022-02-2805416661core:PlantMachinery2022-02-2805416661core:Vehicles2022-02-2805416661core:FurnitureFittings2022-02-2805416661core:OfficeEquipment2022-02-2805416661core:NetGoodwill2022-02-2805416661core:IntangibleAssetsOtherThanGoodwill2022-02-2805416661core:ListedExchangeTraded2022-02-2805416661core:UnlistedNon-exchangeTraded2022-02-2805416661core:LandBuildings2022-03-012023-02-2805416661core:PlantMachinery2022-03-012023-02-2805416661core:Vehicles2022-03-012023-02-2805416661core:FurnitureFittings2022-03-012023-02-2805416661core:OfficeEquipment2022-03-012023-02-2805416661core:NetGoodwill2022-03-012023-02-2805416661core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2805416661core:ListedExchangeTraded2022-03-012023-02-2805416661core:UnlistedNon-exchangeTraded2022-03-012023-02-2805416661core:MoreThanFiveYears2022-03-012023-02-2805416661core:Non-currentFinancialInstruments2023-02-2805416661core:Non-currentFinancialInstruments2022-02-2805416661dpl:CostSales2022-03-012023-02-2805416661dpl:DistributionCosts2022-03-012023-02-2805416661core:LandBuildings2022-03-012023-02-2805416661core:PlantMachinery2022-03-012023-02-2805416661core:Vehicles2022-03-012023-02-2805416661core:FurnitureFittings2022-03-012023-02-2805416661core:OfficeEquipment2022-03-012023-02-2805416661dpl:AdministrativeExpenses2022-03-012023-02-2805416661core:NetGoodwill2022-03-012023-02-2805416661core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2805416661dpl:GroupUndertakings2022-03-012023-02-2805416661dpl:ParticipatingInterests2022-03-012023-02-2805416661dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2805416661core:ListedExchangeTraded2022-03-012023-02-2805416661dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2805416661core:UnlistedNon-exchangeTraded2022-03-012023-02-2805416661dpl:CostSales2021-03-012022-02-2805416661dpl:DistributionCosts2021-03-012022-02-2805416661core:LandBuildings2021-03-012022-02-2805416661core:PlantMachinery2021-03-012022-02-2805416661core:Vehicles2021-03-012022-02-2805416661core:FurnitureFittings2021-03-012022-02-2805416661core:OfficeEquipment2021-03-012022-02-2805416661dpl:AdministrativeExpenses2021-03-012022-02-2805416661core:NetGoodwill2021-03-012022-02-2805416661core:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-2805416661dpl:GroupUndertakings2021-03-012022-02-2805416661dpl:ParticipatingInterests2021-03-012022-02-2805416661dpl:GroupUndertakingscore:ListedExchangeTraded2021-03-012022-02-2805416661core:ListedExchangeTraded2021-03-012022-02-2805416661dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-03-012022-02-2805416661core:UnlistedNon-exchangeTraded2021-03-012022-02-2805416661core:NetGoodwill2023-02-2805416661core:IntangibleAssetsOtherThanGoodwill2023-02-2805416661core:LandBuildings2023-02-2805416661core:PlantMachinery2023-02-2805416661core:Vehicles2023-02-2805416661core:FurnitureFittings2023-02-2805416661core:OfficeEquipment2023-02-2805416661core:AfterOneYear2023-02-2805416661core:WithinOneYear2023-02-2805416661core:ListedExchangeTraded2023-02-2805416661core:UnlistedNon-exchangeTraded2023-02-2805416661core:ShareCapital2023-02-2805416661core:SharePremium2023-02-2805416661core:RevaluationReserve2023-02-2805416661core:OtherReservesSubtotal2023-02-2805416661core:RetainedEarningsAccumulatedLosses2023-02-2805416661core:NetGoodwill2022-02-2805416661core:IntangibleAssetsOtherThanGoodwill2022-02-2805416661core:LandBuildings2022-02-2805416661core:PlantMachinery2022-02-2805416661core:Vehicles2022-02-2805416661core:FurnitureFittings2022-02-2805416661core:OfficeEquipment2022-02-2805416661core:AfterOneYear2022-02-2805416661core:WithinOneYear2022-02-2805416661core:ListedExc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THE BOROUGH LANCASTER LTD

Registered Number
05416661
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

THE BOROUGH LANCASTER LTD
Company Information
for the year from 1 March 2022 to 28 February 2023

Directors

Mr M R Horner
Mrs H L Horner

Registered Address

3-5 Dalton Square
Lancaster
LA1 1PP

Registered Number

05416661 (England and Wales)
THE BOROUGH LANCASTER LTD
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5771,696718,361
771,696718,361
Current assets
Stocks615,04612,246
Debtors7328,287173,808
Cash at bank and on hand100,96773,624
444,300259,678
Creditors amounts falling due within one year8(1,180,110)(598,964)
Net current assets (liabilities)(735,810)(339,286)
Total assets less current liabilities35,886379,075
Creditors amounts falling due after one year9(515,679)(894,194)
Provisions for liabilities10(66,835)(64,276)
Net assets(546,628)(579,395)
Capital and reserves
Called up share capital1,0001,000
Profit and loss account(547,628)(580,395)
Shareholders' funds(546,628)(579,395)
The financial statements were approved and authorised for issue by the Board of Directors on 20 November 2023, and are signed on its behalf by:
Mr M R Horner
Director
Registered Company No. 05416661
THE BOROUGH LANCASTER LTD
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings50
Plant and machinery4
Fixtures and fittings4
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Taxation policy
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 policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year3637
5.Property, plant and equipment

Land & buildings

Plant & machinery

Fixtures & fittings

Total

££££
Cost or valuation
At 01 March 22908,900337,933130,6171,377,450
Additions56,4373,31848,634108,389
At 28 February 23965,337341,251179,2511,485,839
Depreciation and impairment
At 01 March 22222,030323,555113,504659,089
Charge for year22,9339,79222,32955,054
At 28 February 23244,963333,347135,833714,143
Net book value
At 28 February 23720,3747,90443,418771,696
At 28 February 22686,87014,37817,113718,361
6.Stocks

2023

2022

££
Raw materials and consumables15,04612,246
Total15,04612,246
7.Debtors

2023

2022

££
Trade debtors / trade receivables3542,338
Other debtors260,862140,479
Prepayments and accrued income67,07130,991
Total328,287173,808
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables73,15669,238
Bank borrowings and overdrafts146,066170,337
Amounts owed to related parties528,92510,871
Taxation and social security95,44352,728
Other creditors133,514125,040
Accrued liabilities and deferred income203,006170,750
Total1,180,110598,964
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. The bank loans above are secured by a fixed charge over 2 Sulyard Street and a floating charge over all the assets of the company.
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts115,679494,194
Amounts owed to related parties400,000400,000
Total515,679894,194
The bank loans above are secured by a fixed charge over 2 Sulyard Street and a floating charge over all the assets of the company.
10.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)66,83564,276
Total66,83564,276