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REGISTERED NUMBER: 02789238 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

BORNEY UK LIMITED

BORNEY UK LIMITED (REGISTERED NUMBER: 02789238)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


BORNEY UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: R N Beary
A C Severs





SECRETARY: R N Beary





REGISTERED OFFICE: Unit 11, Windover Court
Windover Road
Huntingdon
Cambridgeshire
PE29 7EA





REGISTERED NUMBER: 02789238 (England and Wales)





ACCOUNTANTS: Hardcastle Burton (Newmarket) Limited
Chartered Certified Accountants
90 High Street
Newmarket
Suffolk
CB8 8FE

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BORNEY UK LIMITED


The following reproduces the text of the report prepared for the directors 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 Directors 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 Borney UK Limited for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet 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 Board of Directors of Borney UK Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Borney UK Limited and state those matters that we have agreed to state to the Board of Directors of Borney UK Limited, as a body, 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 Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Borney UK 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 Borney UK Limited. You consider that Borney UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Borney UK 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.






Hardcastle Burton (Newmarket) Limited
Chartered Certified Accountants
90 High Street
Newmarket
Suffolk
CB8 8FE


4 March 2024

BORNEY UK LIMITED (REGISTERED NUMBER: 02789238)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 93,052 21,711
Investments 6 7 7
93,059 21,718

CURRENT ASSETS
Stocks 18,000 18,000
Debtors 7 399,399 487,641
Cash at bank and in hand 207,639 197,402
625,038 703,043
CREDITORS
Amounts falling due within one year 8 329,108 361,993
NET CURRENT ASSETS 295,930 341,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

388,989

362,768

CREDITORS
Amounts falling due after more than one
year

9

93,758

58,333
NET ASSETS 295,231 304,435

CAPITAL AND RESERVES
Called up share capital 10 300 300
Retained earnings 294,931 304,135
SHAREHOLDERS' FUNDS 295,231 304,435

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

BORNEY UK LIMITED (REGISTERED NUMBER: 02789238)

BALANCE SHEET - continued
30 JUNE 2023


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 4 March 2024 and were signed on its behalf by:





R N Beary - Director


BORNEY UK LIMITED (REGISTERED NUMBER: 02789238)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Borney UK 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil 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.
Printing equipment - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 30% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.

BORNEY UK LIMITED (REGISTERED NUMBER: 02789238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022
and 30 June 2023 10,640
AMORTISATION
At 1 July 2022
and 30 June 2023 10,640
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

BORNEY UK LIMITED (REGISTERED NUMBER: 02789238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Printing and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 217,172 12,818 23,144 253,134
Additions 86,695 - 6,485 93,180
At 30 June 2023 303,867 12,818 29,629 346,314
DEPRECIATION
At 1 July 2022 199,247 12,059 20,117 231,423
Charge for year 19,946 114 1,779 21,839
At 30 June 2023 219,193 12,173 21,896 253,262
NET BOOK VALUE
At 30 June 2023 84,674 645 7,733 93,052
At 30 June 2022 17,925 759 3,027 21,711

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Printing
equipment
£   
COST
At 1 July 2022
and 30 June 2023 83,980
DEPRECIATION
At 1 July 2022 63,543
Charge for year 16,680
At 30 June 2023 80,223
NET BOOK VALUE
At 30 June 2023 3,757
At 30 June 2022 20,437

BORNEY UK LIMITED (REGISTERED NUMBER: 02789238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 July 2022
and 30 June 2023 7
NET BOOK VALUE
At 30 June 2023 7
At 30 June 2022 7

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 223,568 327,221
Amounts owed by group undertakings 126,669 119,655
Other debtors 49,162 40,765
399,399 487,641

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,095 125,251
Trade creditors 191,544 145,116
Taxation and social security 49,498 88,809
Other creditors 37,971 2,817
329,108 361,993

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 38,333 58,333
Other creditors 55,425 -
93,758 58,333

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
300 Ordinary £1 300 300

BORNEY UK LIMITED (REGISTERED NUMBER: 02789238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


11. ULTIMATE CONTROLLING PARTY

The controlling party is R & A Holdings (Cambridge) Limited.

The ultimate controlling party is the directors R N Beary and A C Severs..