Caseware UK (AP4) 2023.0.135 2023.0.135 2022-12-312022-12-311414truetrue2022-04-01falsetrueDoor to door logistics company 02684292 2022-04-01 2022-12-31 02684292 2021-04-01 2022-03-31 02684292 2022-12-31 02684292 2022-03-31 02684292 c:Director2 2022-04-01 2022-12-31 02684292 c:Director3 2022-04-01 2022-12-31 02684292 d:CurrentFinancialInstruments 2022-12-31 02684292 d:CurrentFinancialInstruments 2022-03-31 02684292 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02684292 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 02684292 d:ShareCapital 2022-12-31 02684292 d:ShareCapital 2022-03-31 02684292 d:RetainedEarningsAccumulatedLosses 2022-12-31 02684292 d:RetainedEarningsAccumulatedLosses 2022-03-31 02684292 c:OrdinaryShareClass1 2022-04-01 2022-12-31 02684292 c:OrdinaryShareClass1 2022-12-31 02684292 c:OrdinaryShareClass1 2022-03-31 02684292 c:FRS102 2022-04-01 2022-12-31 02684292 c:Audited 2022-04-01 2022-12-31 02684292 c:FullAccounts 2022-04-01 2022-12-31 02684292 c:PrivateLimitedCompanyLtd 2022-04-01 2022-12-31 02684292 c:SmallCompaniesRegimeForAccounts 2022-04-01 2022-12-31 02684292 e:PoundSterling 2022-04-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02684292









BORCHARD CONTAINER TRANSPORT LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE 9 MONTHS ENDED 31 DECEMBER 2022

 
BORCHARD CONTAINER TRANSPORT LIMITED
REGISTERED NUMBER: 02684292

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

31 December
02 April
2022
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
23,720
7,839

Cash at bank and in hand
  
25,439
38,223

  
49,159
46,062

Creditors: amounts falling due within one year
 5 
(23,881)
(21,984)

Net current assets
  
 
 
25,278
 
 
24,078

Total assets less current liabilities
  
25,278
24,078

  

Net assets
  
25,278
24,078


Capital and reserves
  

Called up share capital 
 6 
2
2

Profit and loss account
  
25,276
24,076

  
25,278
24,078


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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R M Borchard
L C H Brenden
Director
Director


Date: 29 March 2024
Date:29 March 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
BORCHARD CONTAINER TRANSPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 9 MONTHS ENDED 31 DECEMBER 2022

1.


General information

Borchard Container Transport Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5th Floor, Bevis Marks House, 24 Bevis Marks, London, EC3A 7JB.
The principal activity of the company during the year continued to be that of door to door logistics company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Borchard Lines Limited as at 31 December 2022 and these financial statements may be obtained from 5th Floor Bevis Marks House, 24 Bevis Marks, London, United Kingdom, EC3A 7JB.

 
2.3

Going concern

The financial statements have been prepared on the going concern basis, which assumes that the Company will continue to trade for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements, and will be able to meet its debts as they fall due.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue is recognised by way of a management charge, receivable from its parent company for services rendered during the financial year in accordance with the service agreement.
 

Page 2

 
BORCHARD CONTAINER TRANSPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 9 MONTHS ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 
Page 3

 
BORCHARD CONTAINER TRANSPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 9 MONTHS ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the 9 months was 14 (12 months to 2 April 2022 - 14).


4.


Debtors

31 December
02 April
2022
2022
£
£


Amounts owed by group undertakings
23,034
6,791

Other debtors
686
585

Prepayments and accrued income
-
463

23,720
7,839


Amounts owed by group undertakings are unsecured, interest free and are repayable on demand.

Page 4

 
BORCHARD CONTAINER TRANSPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 9 MONTHS ENDED 31 DECEMBER 2022

5.


Creditors: Amounts falling due within one year

31 December
02 April
2022
2022
£
£

Other taxation and social security
18,881
12,756

Accruals and deferred income
5,000
9,228

23,881
21,984



6.


Share capital

31 December
02 April
2022
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares shares of £1.00 each
2
2



7.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £Nil (April 2022: £Nil) were payable to the fund at the year end date.


8.


Related party transactions

Where possible the company has taken advantage of the exemption conferred by FRS 102 section 33.1A from the requirement to disclose transactions with other wholly owned group undertakings.


9.


Controlling party

The ultimate parent undertaking is Borchard Lines Limited. The company is incorporated in England & Wales with the registered office and principal place of trading being 5th Floor Bevis Marks House, 24 Bevis Marks, London, United Kingdom, EC3A 7JB.


10.


Auditors' information

The auditors' report on the financial statements for the 9 months ended 31 December 2022 was unqualified.

The audit report was signed on 29 March 2024 by Geeta Morgan FCA (Senior Statutory Auditor) on behalf of BKL Audit LLP.

 
Page 5