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REGISTERED NUMBER: 14380437 (England and Wales)















BOREWORX LTD

FINANCIAL STATEMENTS

FOR THE PERIOD

27TH SEPTEMBER 2022 TO 30TH SEPTEMBER 2023






BOREWORX LTD (REGISTERED NUMBER: 14380437)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 27TH SEPTEMBER 2022 TO 30TH SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


BOREWORX LTD

COMPANY INFORMATION
FOR THE PERIOD 27TH SEPTEMBER 2022 TO 30TH SEPTEMBER 2023







DIRECTORS: Mr M W Firth
Mr H M Hooton





REGISTERED OFFICE: 10 York Street
New Rossington
Doncaster
South Yorkshire
DN11 0TF





REGISTERED NUMBER: 14380437 (England and Wales)

BOREWORX LTD (REGISTERED NUMBER: 14380437)

BALANCE SHEET
30TH SEPTEMBER 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 60,202

CURRENT ASSETS
Debtors 5 77,277
Cash at bank 8,178
85,455
CREDITORS
Amounts falling due within one year 6 55,798
NET CURRENT ASSETS 29,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,859

CREDITORS
Amounts falling due after more than one
year

7

(38,080

)

PROVISIONS FOR LIABILITIES (11,438 )
NET ASSETS 40,341

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings 40,339
SHAREHOLDERS' FUNDS 40,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th September 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.

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 Board of Directors and authorised for issue on 12th February 2024 and were signed on its behalf by:





Mr M W Firth - Director


BOREWORX LTD (REGISTERED NUMBER: 14380437)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 27TH SEPTEMBER 2022 TO 30TH SEPTEMBER 2023

1. STATUTORY INFORMATION

Boreworx 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.

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

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 reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

BOREWORX LTD (REGISTERED NUMBER: 14380437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 27TH SEPTEMBER 2022 TO 30TH SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
Additions 32,807 39,653 2,095 74,555
At 30th September 2023 32,807 39,653 2,095 74,555
DEPRECIATION
Charge for period 5,488 8,558 307 14,353
At 30th September 2023 5,488 8,558 307 14,353
NET BOOK VALUE
At 30th September 2023 27,319 31,095 1,788 60,202

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 21,500
At 30th September 2023 21,500
DEPRECIATION
Charge for period 4,538
At 30th September 2023 4,538
NET BOOK VALUE
At 30th September 2023 16,962

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 77,277

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 8,000
Hire purchase contracts 3,638
Trade creditors 1,457
Taxation and social security 17,462
Other creditors 25,241
55,798

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 27,167
Hire purchase contracts 10,913
38,080