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REGISTERED NUMBER: 12941516 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Border Group Limited

Border Group Limited (Registered number: 12941516)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Border Group Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr G C Lloyd
Mr H T Lloyd





REGISTERED OFFICE: Woodlands Industrial Estate
Longtown
Cumbria
CA6 5TR





REGISTERED NUMBER: 12941516 (England and Wales)





ACCOUNTANTS: Benson Accountants
The Mill
Station Road
Wigton
Cumbria
CA7 9BA

Border Group Limited (Registered number: 12941516)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 535,785 535,785
Tangible assets 5 1,703,811 1,738,872
Investments 6 513,844 469,580
2,753,440 2,744,237

CURRENT ASSETS
Stocks 104,090 114,906
Debtors 7 845,245 398,663
Cash at bank and in hand 263,424 197,020
1,212,759 710,589
CREDITORS
Amounts falling due within one year 8 3,295,368 3,220,298
NET CURRENT LIABILITIES (2,082,609 ) (2,509,709 )
TOTAL ASSETS LESS CURRENT LIABILITIES 670,831 234,528

CREDITORS
Amounts falling due after more than one
year

9

(130,266

)

(175,504

)

PROVISIONS FOR LIABILITIES (112,584 ) (26,861 )
NET ASSETS 427,981 32,163

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 427,881 32,063
427,981 32,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Border Group Limited (Registered number: 12941516)

Balance Sheet - continued
31 December 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 20 June 2024 and were signed on its behalf by:




Mr H T Lloyd - Director



Mr G C Lloyd - Director


Border Group Limited (Registered number: 12941516)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Border Group 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.

Changes in accounting policies
During the year ending 31 December 2023, Border Group Limited changed the method of amortising goodwill from amortising over the determined useful life to an annual impairment review. The revised method has been implemented to better reflect and show a true representation of the recoverable amount at that point in time.

The change in amortisation method is a change in accounting estimate and is accounted for in the period of change (i.e in the current year) and in subsequent periods.

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

Goodwill
An impairment review of goodwill was completed by the directors in the year. As part of the review the directors determined there was no change in the recoverable amount and therefore no impairment was charged in the period.

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.

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 - 25% on reducing balance, 20% on reducing balance, 15% on reducing balance and 10% on cost
Motor vehicles - 10% on cost
Computer equipment - 25% on 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.


Border Group Limited (Registered number: 12941516)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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 year 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 year was 33 (2022 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 559,582
AMORTISATION
At 1 January 2023
and 31 December 2023 23,797
NET BOOK VALUE
At 31 December 2023 535,785
At 31 December 2022 535,785

Border Group Limited (Registered number: 12941516)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 1,560,243 416,623 17,504 1,994,370
Additions 178,179 83,064 6,400 267,643
Disposals (53,718 ) (22,217 ) - (75,935 )
At 31 December 2023 1,684,704 477,470 23,904 2,186,078
DEPRECIATION
At 1 January 2023 206,339 45,361 3,798 255,498
Charge for year 180,413 53,453 5,068 238,934
Eliminated on disposal (9,326 ) (2,839 ) - (12,165 )
At 31 December 2023 377,426 95,975 8,866 482,267
NET BOOK VALUE
At 31 December 2023 1,307,278 381,495 15,038 1,703,811
At 31 December 2022 1,353,904 371,262 13,706 1,738,872

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 272,080 73,390 345,470
Additions - 57,461 57,461
Reclassification/transfer (1,485 ) - (1,485 )
At 31 December 2023 270,595 130,851 401,446
DEPRECIATION
At 1 January 2023 16,729 2,523 19,252
Charge for year 27,060 9,672 36,732
Reclassification/transfer 6,267 - 6,267
At 31 December 2023 50,056 12,195 62,251
NET BOOK VALUE
At 31 December 2023 220,539 118,656 339,195
At 31 December 2022 255,351 70,867 326,218

Border Group Limited (Registered number: 12941516)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 469,580
Additions 44,264
At 31 December 2023 513,844
NET BOOK VALUE
At 31 December 2023 513,844
At 31 December 2022 469,580

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 799,774 368,403
Other debtors 45,471 30,260
845,245 398,663

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Hire purchase contracts 91,971 83,607
Trade creditors 134,818 124,714
Taxation and social security 90,256 59,335
Other creditors 2,978,323 2,952,642
3,295,368 3,220,298

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/23 31/12/22
£    £   
Hire purchase contracts 130,266 175,504

10. RELATED PARTY DISCLOSURES

Other creditors comprises of a loan from BGH (North) Limited, there is no formal written loan agreement, however the directors have confirmed that there is no intention for the loan to be called in. Interest is not currently being charged, however this will be reviewed in the future.

During the year, the directors had an arrangement with the company for a loan account. At the year end, the amount due to the directors from the company was £833,632 (2022 - £833,632). The loan is interest free, unsecured and repayable on demand.