2022-04-012023-03-312023-03-31false06260150BORDER VENDING NORTH WEST LIMITED2024-03-1156290iso4217:GBPxbrli:pure062601502022-04-01062601502023-03-31062601502022-04-012023-03-31062601502021-04-01062601502022-03-31062601502021-04-012022-03-3106260150bus:SmallEntities2022-04-012023-03-3106260150bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3106260150bus:FullAccounts2022-04-012023-03-3106260150bus:PrivateLimitedCompanyLtd2022-04-012023-03-3106260150core:WithinOneYear2023-03-3106260150core:AfterOneYear2023-03-3106260150core:WithinOneYear2022-03-3106260150core:AfterOneYear2022-03-3106260150core:ShareCapital2023-03-3106260150core:SharePremium2023-03-3106260150core:RevaluationReserve2023-03-3106260150core:OtherReservesSubtotal2023-03-3106260150core:RetainedEarningsAccumulatedLosses2023-03-3106260150core:ShareCapital2022-03-3106260150core:SharePremium2022-03-3106260150core:RevaluationReserve2022-03-3106260150core:OtherReservesSubtotal2022-03-3106260150core:RetainedEarningsAccumulatedLosses2022-03-3106260150core:LandBuildings2023-03-3106260150core:PlantMachinery2023-03-3106260150core:Vehicles2023-03-3106260150core:FurnitureFittings2023-03-3106260150core:OfficeEquipment2023-03-3106260150core:NetGoodwill2023-03-3106260150core:IntangibleAssetsOtherThanGoodwill2023-03-3106260150core:ListedExchangeTraded2023-03-3106260150core:UnlistedNon-exchangeTraded2023-03-3106260150core:LandBuildings2022-03-3106260150core:PlantMachinery2022-03-3106260150core:Vehicles2022-03-3106260150core:FurnitureFittings2022-03-3106260150core:OfficeEquipment2022-03-3106260150core:NetGoodwill2022-03-3106260150core:IntangibleAssetsOtherThanGoodwill2022-03-3106260150core:ListedExchangeTraded2022-03-3106260150core:UnlistedNon-exchangeTraded2022-03-3106260150core:LandBuildings2022-04-012023-03-3106260150core:PlantMachinery2022-04-012023-03-3106260150core:Vehicles2022-04-012023-03-3106260150core:FurnitureFittings2022-04-012023-03-3106260150core:OfficeEquipment2022-04-012023-03-3106260150core:NetGoodwill2022-04-012023-03-3106260150core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106260150core:ListedExchangeTraded2022-04-012023-03-3106260150core:UnlistedNon-exchangeTraded2022-04-012023-03-3106260150core:MoreThanFiveYears2022-04-012023-03-3106260150core:Non-currentFinancialInstruments2023-03-3106260150core:Non-currentFinancialInstruments2022-03-3106260150dpl:CostSales2022-04-012023-03-3106260150dpl:DistributionCosts2022-04-012023-03-3106260150core:LandBuildings2022-04-012023-03-3106260150core:PlantMachinery2022-04-012023-03-3106260150core:Vehicles2022-04-012023-03-3106260150core:FurnitureFittings2022-04-012023-03-3106260150core:OfficeEquipment2022-04-012023-03-3106260150dpl:AdministrativeExpenses2022-04-012023-03-3106260150core:NetGoodwill2022-04-012023-03-3106260150core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106260150dpl:GroupUndertakings2022-04-012023-03-3106260150dpl:ParticipatingInterests2022-04-012023-03-3106260150dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3106260150core:ListedExchangeTraded2022-04-012023-03-3106260150dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3106260150core:UnlistedNon-exchangeTraded2022-04-012023-03-3106260150dpl:CostSales2021-04-012022-03-3106260150dpl:DistributionCosts2021-04-012022-03-3106260150core:LandBuildings2021-04-012022-03-3106260150core:PlantMachinery2021-04-012022-03-3106260150core:Vehicles2021-04-012022-03-3106260150core:FurnitureFittings2021-04-012022-03-3106260150core:OfficeEquipment2021-04-012022-03-3106260150dpl:AdministrativeExpenses2021-04-012022-03-3106260150core:NetGoodwill2021-04-012022-03-3106260150core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3106260150dpl:GroupUndertakings2021-04-012022-03-3106260150dpl:ParticipatingInterests2021-04-012022-03-3106260150dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3106260150core:ListedExchangeTraded2021-04-012022-03-3106260150dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3106260150core:UnlistedNon-exchangeTraded2021-04-012022-03-3106260150core:NetGoodwill2023-03-3106260150core:IntangibleAssetsOtherThanGoodwill2023-03-3106260150core:LandBuildings2023-03-3106260150core:PlantMachinery2023-03-3106260150core:Vehicles2023-03-3106260150core:FurnitureFittings2023-03-3106260150core:OfficeEquipment2023-03-3106260150core:AfterOneYear2023-03-3106260150core:WithinOneYear2023-03-3106260150core:ListedExchangeTraded2023-03-3106260150core:UnlistedNon-exchangeTraded2023-03-3106260150core:ShareCapital2023-03-3106260150core:SharePremium2023-03-3106260150core:RevaluationReserve2023-03-3106260150core:OtherReservesSubtotal2023-03-3106260150core:RetainedEarningsAccumulatedLosses2023-03-3106260150core:NetGoodwill2022-03-3106260150core:IntangibleAssetsOtherThanGoodwill2022-03-3106260150core:LandBuildings2022-03-3106260150core:PlantMachinery2022-03-3106260150core:Vehicles2022-03-3106260150core:FurnitureFittings2022-03-3106260150core:OfficeEquipment2022-03-3106260150core:AfterOneYear2022-03-3106260150core:WithinOneYear2022-03-3106260150core:Liste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BORDER VENDING NORTH WEST LIMITED

Registered Number
06260150
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

BORDER VENDING NORTH WEST LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

DRYSDALE, Amanda Louise
DRYSDALE, Harold Bruce
FENNELL, Simon Andrew
GRIFFITHS, Carl Steven

Registered Address

4 Willow Court West Quay Road
Winwick
Warrington
WA2 8UF

Registered Number

06260150 (England and Wales)
BORDER VENDING NORTH WEST LIMITED
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets3-25,281
Tangible assets4480,767393,174
480,767418,455
Current assets
Stocks5189,500133,006
Debtors296,337291,444
Cash at bank and on hand420,304249,511
906,141673,961
Creditors amounts falling due within one year7(624,833)(445,964)
Net current assets (liabilities)281,308227,997
Total assets less current liabilities762,075646,452
Creditors amounts falling due after one year8(33,011)(129,148)
Provisions for liabilities9(64,200)(45,400)
Net assets664,864471,904
Capital and reserves
Called up share capital1,0041,004
Profit and loss account663,860470,900
Shareholders' funds664,864471,904
The financial statements were approved and authorised for issue by the Board of Directors on 11 March 2024, and are signed on its behalf by:
DRYSDALE, Harold Bruce
Director
Registered Company No. 06260150
BORDER VENDING NORTH WEST LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Accounting policies
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.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis 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.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
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/or the rendering of services. 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.
Employee benefits
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 obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
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
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.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows: Leasehold improvements - 20% straight line Plant and machinery - 20% / 25% / 33% straight line Motor vehicles - 20% straight line Office equipment - 20% / 25% / 33% straight line
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20232022
Average number of employees during the year1613
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 2249,67849,678
At 31 March 2349,67849,678
Amortisation and impairment
At 01 April 2224,39724,397
Charge for year25,28125,281
At 31 March 2349,67849,678
Net book value
At 31 March 23--
At 31 March 2225,28125,281
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 April 22146,417906,394378,91010,0491,441,770
Additions--240,71225,201265,913
Disposals-(50,000)(42,321)-(92,321)
At 31 March 23146,417856,394577,30135,2501,615,362
Depreciation and impairment
At 01 April 2231,824790,347217,8828,5431,048,596
Charge for year-17,50065,0003,49985,999
At 31 March 2331,824807,847282,88212,0421,134,595
Net book value
At 31 March 23114,59348,547294,41923,208480,767
At 31 March 22114,593116,047161,0281,506393,174
5.Stocks

2023

2022

££
Finished goods189,500133,006
Total189,500133,006
6.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables207,991232,364
Other debtors43,71235,140
Prepayments and accrued income6382,456
Total252,341269,960
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.
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables455,951340,868
Taxation and social security101,835100,285
Other creditors63,7561,951
Accrued liabilities and deferred income3,2912,860
Total624,833445,964
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
8.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts22,50042,500
Other creditors10,51186,648
Total33,011129,148
Bank borrowings and overdrafts represents the balance due on the Coronavirus Business Interruption Loan.
9.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)64,20045,400
Total64,20045,400
10.Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,968 (2022 - £4,510). Contributions totaling £1,496 (2022 - £1,951) were payable to the fund at the reporting date.
11.Events after reporting date
Termination of appointment of Simon Andrew Fennell as a director on 28 February 2024.
12.Related party transactions
At the balance sheet date the sum of £43,996 (2022 - £21,485) was due from Border Vending Group Limited, a company that owns 99.6% of the issued share capital of Border Vending North West Limited, in respect of a loan to the company. This is included in debtors due after more than one year and is unsecured, interest free and repayable on demand.
13.Parent-subsidiary relationships
As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone. This company's parent undertaking is Border Vending Group Limited, a company registered in England, company number 06357748.