2022-05-01 07820644 2023-05-31 07820644 2022-05-01 2023-05-31 07820644 2022-04-30 07820644 2021-05-01 2022-04-30 07820644 uk-core:WithinOneYear 2022-04-30 07820644 uk-core:WithinOneYear 2023-05-31 07820644 uk-core:AfterOneYear 2022-04-30 07820644 uk-core:AfterOneYear 2023-05-31 07820644 uk-core:ShareCapital 2023-05-31 07820644 uk-core:ShareCapital 2022-04-30 07820644 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 07820644 uk-core:RetainedEarningsAccumulatedLosses 2022-04-30 07820644 uk-bus:Director1 2022-05-01 2023-05-31 07820644 uk-core:OfficeEquipment 2022-05-01 2023-05-31 07820644 uk-core:WithinOneYear uk-core:Secured 2023-05-31 07820644 uk-core:WithinOneYear uk-core:Secured 2022-04-30 07820644 uk-core:WithinOneYear 2023-05-31 07820644 uk-core:WithinOneYear 2022-04-30 07820644 uk-core:AfterOneYear uk-core:Secured 2023-05-31 07820644 uk-core:AfterOneYear uk-core:Secured 2022-04-30 iso4217:GBP xbrli:pure 07820644 uk-bus:AuditExemptWithAccountantsReport 2022-05-01 2023-05-31 07820644 uk-bus:FRS102 2022-05-01 2023-05-31 07820644 uk-bus:FilletedAccounts 2022-05-01 2023-05-31 07820644 uk-bus:PrivateLimitedCompanyLtd 2022-05-01 2023-05-31
Borough Junction Limited
Registered Number:07820644
For the period ended 31 May 2023
England and Wales
Unaudited Financial Statements
2
For the period ended 31 May 2023
Borough Junction Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07820644
As at 31 May 2023
Borough Junction Limited
Statement of Financial Position
£
£
2022
2023
Notes
Current assets
Inventories
2,950,659
2,950,659
2
Trade and other receivables
824,244
2,250,271
3
3,635
Cash and cash equivalents
27,327
5,228,257
3,778,538
Trade and other payables: amounts falling due within one
year
(1,714,276)
(1,016,892)
4
2,064,262
4,211,365
Net current assets
Total assets less current liabilities
4,211,365
2,064,262
Trade and other payables: amounts falling due after more
than one year
(2,675,076)
(5,041,582)
5
(830,217)
Net liabilities
(610,814)
Capital and reserves
Called up share capital
200
200
Retained earnings
(830,417)
(611,014)
(830,217)
(610,814)
Shareholders' funds
For the period ended 31 May 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
R Kumar Director
These financial statements were approved and authorised for issue by the Board on 23 August 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the period ended 31 May 2023
Borough Junction Limited
Notes to the Financial Statements
Statutory Information
Borough Junction Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07820644.
Registered address:
4Th Floor
97 Charlotte Street
London
England
W1T 4QA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fittings and equipment
33.33% Straight line
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Inventories
2022
2023
£
£
Stocks
2,950,659
2,950,659
3. Trade and other receivables
2022
2023
£
£
Amounts owed by group undertakings and participating interests
2,249,571
823,544
Other debtors
700
700
824,244
2,250,271
2 of 3
5
For the period ended 31 May 2023
Borough Junction Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
-
76,374
Bank loans and overdraft
5,107
9,484
Trade creditors
3,000
6,100
Taxation and social security
228
238
Other creditors
1,008,557
1,622,080
1,016,892
1,714,276
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
40,169
37,377
Bank loans and overdraft (secured)
5,001,413
2,637,699
5,041,582
2,675,076
6. Average number of persons employed
During the year the average number of employees was 2 (2022 : 1)
3 of 3