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REGISTERED NUMBER: 04140989 (England and Wales)











Border Scaffold Services Limited

Unaudited Financial Statements

for the Period 1 January 2022 to 30 December 2022






Border Scaffold Services Limited (Registered number: 04140989)






Contents of the Financial Statements
for the Period 1 January 2022 to 30 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 10

Border Scaffold Services Limited

Company Information
for the Period 1 January 2022 to 30 December 2022







DIRECTOR: R P Morgan





SECRETARY: Miss K L Morgan





REGISTERED OFFICE: Western Close
Southern Avenue
Leominster
Herefordshire
HR6 0QD





REGISTERED NUMBER: 04140989 (England and Wales)





ACCOUNTANTS: Dyke Ruscoe & Hayes Ltd
Chartered Certified Accountants
110 Corve Street
Ludlow
SHROPSHIRE
SY8 1DJ

Border Scaffold Services Limited (Registered number: 04140989)

Balance Sheet
30 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 635,625 588,231
635,625 588,231

CURRENT ASSETS
Debtors 6 426,860 361,846
Cash at bank 32,036 50,008
458,896 411,854
CREDITORS
Amounts falling due within one year 7 460,439 387,167
NET CURRENT (LIABILITIES)/ASSETS (1,543 ) 24,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

634,082

612,918

CREDITORS
Amounts falling due after more than one
year

8

(228,738

)

(218,630

)

PROVISIONS FOR LIABILITIES (136,790 ) (89,352 )
NET ASSETS 268,554 304,936

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 88,467 117,956
Retained earnings 179,987 186,880
SHAREHOLDERS' FUNDS 268,554 304,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Border Scaffold Services Limited (Registered number: 04140989)

Balance Sheet - continued
30 December 2022


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2023 and were signed by:





R P Morgan - Director


Border Scaffold Services Limited (Registered number: 04140989)

Notes to the Financial Statements
for the Period 1 January 2022 to 30 December 2022

1. STATUTORY INFORMATION

Border Scaffold Services Limited 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost and 4% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the period 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 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 period 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.

Border Scaffold Services Limited (Registered number: 04140989)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 30 December 2022

2. ACCOUNTING POLICIES - continued

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.

Invoice discounting
The company sells trade receivables balances to a third-party invoice discounting company in exchange for a cash payment from the invoice discounting company, net of fees. All the risks and rewards of the trade receivables remain with the company and, accordingly, the trade receivables remain recognised in the balance sheet. Such arrangements are used from time to time by the company to manage the recovery of cash from its trade receivables. As at 31 December 2022, the company balance sheet included £150,062 (2021: £194,543) of trade receivables subject to such arrangements. Factoring fees incurred during the year ended 31 December 2022, which are written off to the income statement within ordinary finance costs, amounted to £27,048 (2021: £21,925).

Revaluation
Plant and machinery are carried at their revalued amounts, being fair value at the date of valuation less subsequent depreciation and impairment losses. Revaluations are performed by the director. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset.
Any revaluation increase in the carrying amount of plant and machinery is recognised in other comprehensive income and included in a revaluation reserve in equity, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss, in which case the increase is credited to profit and loss to the extent of the decrease previously expended.
Decreases that offset previous increases of the same asset are charged in other comprehensive income and debited against revaluation reserve in equity; decreases exceeding the balance in revaluation reserve relating to an asset are recognised in profit or loss. Each year the difference between depreciation based on the revalued carrying amount of the asset recognised in profit or loss and depreciation based on the asset's original cost is transferred from revaluation reserve to retained earnings.
Plant and machinery were revalued for the first time during the financial year to 31st December 2010, whilst they were carried at cost less accumulated depreciation and impairment in previous periods. The use of a policy of revaluation provides more relevant and reliable information about the value of the plant and machinery owned by the company. The effects of the change in accounting policy on the financial statements are illustrated in note 6.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 26 (2021 - 28 ) .

Border Scaffold Services Limited (Registered number: 04140989)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 30 December 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 30 December 2022 500,000
AMORTISATION
At 1 January 2022
and 30 December 2022 500,000
NET BOOK VALUE
At 30 December 2022 -
At 31 December 2021 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2022 1,460,859 5,220 195,011 10,409 1,671,499
Additions 123,820 - 15,413 - 139,233
Disposals (2,211 ) - (22,437 ) (1,123 ) (25,771 )
At 30 December 2022 1,582,468 5,220 187,987 9,286 1,784,961
DEPRECIATION
At 1 January 2022 942,247 4,450 127,003 9,568 1,083,268
Charge for period 68,799 193 20,081 820 89,893
Eliminated on disposal (265 ) - (22,437 ) (1,123 ) (23,825 )
At 30 December 2022 1,010,781 4,643 124,647 9,265 1,149,336
NET BOOK VALUE
At 30 December 2022 571,687 577 63,340 21 635,625
At 31 December 2021 518,612 770 68,008 841 588,231

Cost or valuation at 30 December 2022 is represented by:

Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Valuation in 2010 294,898 - - - 294,898
Cost 1,287,570 5,220 187,987 9,286 1,490,063
1,582,468 5,220 187,987 9,286 1,784,961

Border Scaffold Services Limited (Registered number: 04140989)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 30 December 2022

5. PROPERTY, PLANT AND EQUIPMENT - continued

If plant and machinery had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 878,229 878,229
Aggregate depreciation 494,867 494,867

Plant and machinery were valued on an open market basis on 31 December 2010 by the director .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 January 2022
and 30 December 2022 21,495
DEPRECIATION
At 1 January 2022 9,404
Charge for period 3,023
At 30 December 2022 12,427
NET BOOK VALUE
At 30 December 2022 9,068
At 31 December 2021 12,091

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 413,107 278,601
Directors' current accounts - 68,730
Tax 13,352 13,352
Prepayments 401 1,163
426,860 361,846

Border Scaffold Services Limited (Registered number: 04140989)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 30 December 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 129,647 128,037
Other loans - 35,129
Hire purchase contracts 6,973 22,119
Trade creditors 75,518 14,869
Tax 13,477 10,752
Social security and other taxes 47,799 45,348
VAT 11,222 34,781
Other creditors 165,817 77,477
Directors' current accounts 3,057 -
Accrued expenses 6,929 18,655
460,439 387,167

Invoice discounting is secured over the trade debtors of the company. The company balance sheet included £150,062 (2021: £194,543) of trade receivables subject to such arrangements.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Other loans 216,719 214,871
Hire purchase contracts 12,019 3,759
228,738 218,630

9. RESERVES
Revaluation
reserve
£   
At 1 January 2022 117,956
Revaluation in the year (29,489 )

At 30 December 2022 88,467

The revaluation reserve relates to the revaluation of scaffolding and associated plant last carried out in detail in 2010. The director reviewed this figure on 31 December 2019 and considers the revaluation to still be relevant.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 December 2022 and the year ended 31 December 2021:

2022 2021
£    £   
R P Morgan
Balance outstanding at start of period 68,730 45,263
Amounts advanced 69,712 87,014
Amounts repaid (141,499 ) (63,547 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (3,057 ) 68,730

Border Scaffold Services Limited (Registered number: 04140989)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 30 December 2022

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Interest of 2.5% is being charged by the company on the loan included within debtors.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Border Scaffold Services Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Border Scaffold Services Limited for the period ended 30 December 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Border Scaffold Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Border Scaffold Services Limited and state those matters that we have agreed to state to the director of Border Scaffold Services Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Border Scaffold Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Border Scaffold Services Limited. You consider that Border Scaffold Services Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Border Scaffold Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dyke Ruscoe & Hayes Ltd
Chartered Certified Accountants
110 Corve Street
Ludlow
SHROPSHIRE
SY8 1DJ


17 November 2023