Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30truefalse2022-12-01No description of principal activity78trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05283516 2022-12-01 2023-11-30 05283516 2021-12-01 2022-11-30 05283516 2023-11-30 05283516 2022-11-30 05283516 c:Director1 2022-12-01 2023-11-30 05283516 d:Buildings d:LongLeaseholdAssets 2022-12-01 2023-11-30 05283516 d:Buildings d:LongLeaseholdAssets 2023-11-30 05283516 d:Buildings d:LongLeaseholdAssets 2022-11-30 05283516 d:PlantMachinery 2022-12-01 2023-11-30 05283516 d:PlantMachinery 2023-11-30 05283516 d:PlantMachinery 2022-11-30 05283516 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 05283516 d:MotorVehicles 2022-12-01 2023-11-30 05283516 d:MotorVehicles 2023-11-30 05283516 d:MotorVehicles 2022-11-30 05283516 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 05283516 d:FurnitureFittings 2022-12-01 2023-11-30 05283516 d:FurnitureFittings 2023-11-30 05283516 d:FurnitureFittings 2022-11-30 05283516 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 05283516 d:OfficeEquipment 2022-12-01 2023-11-30 05283516 d:OfficeEquipment 2023-11-30 05283516 d:OfficeEquipment 2022-11-30 05283516 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 05283516 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 05283516 d:Goodwill 2023-11-30 05283516 d:Goodwill 2022-11-30 05283516 d:CurrentFinancialInstruments 2023-11-30 05283516 d:CurrentFinancialInstruments 2022-11-30 05283516 d:Non-currentFinancialInstruments 2023-11-30 05283516 d:Non-currentFinancialInstruments 2022-11-30 05283516 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 05283516 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 05283516 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 05283516 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 05283516 d:ShareCapital 2023-11-30 05283516 d:ShareCapital 2022-11-30 05283516 d:RetainedEarningsAccumulatedLosses 2023-11-30 05283516 d:RetainedEarningsAccumulatedLosses 2022-11-30 05283516 c:OrdinaryShareClass1 2022-12-01 2023-11-30 05283516 c:OrdinaryShareClass1 2023-11-30 05283516 c:OrdinaryShareClass1 2022-11-30 05283516 c:FRS102 2022-12-01 2023-11-30 05283516 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 05283516 c:FullAccounts 2022-12-01 2023-11-30 05283516 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05283516 d:HirePurchaseContracts d:WithinOneYear 2023-11-30 05283516 d:HirePurchaseContracts d:WithinOneYear 2022-11-30 05283516 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-11-30 05283516 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-11-30 05283516 2 2022-12-01 2023-11-30 05283516 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05283516










BORDER ENGINEERING & FABRICATION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
BORDER ENGINEERING & FABRICATION LIMITED
REGISTERED NUMBER: 05283516

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
38,917
38,754

  
38,917
38,754

Current assets
  

Stocks
  
26,000
27,000

Debtors: amounts falling due within one year
 6 
302,217
292,383

Cash at bank and in hand
 7 
90,061
118,327

  
418,278
437,710

Creditors: amounts falling due within one year
 8 
(137,532)
(139,546)

Net current assets
  
 
 
280,746
 
 
298,164

Total assets less current liabilities
  
319,663
336,918

Creditors: amounts falling due after more than one year
 9 
(1,341)
(1,748)

Provisions for liabilities
  

Deferred tax
  
(10,313)
(10,270)

  
 
 
(10,313)
 
 
(10,270)

Net assets
  
308,009
324,900


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
307,909
324,800

  
308,009
324,900


Page 1

 
BORDER ENGINEERING & FABRICATION LIMITED
REGISTERED NUMBER: 05283516
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 profit and loss account 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: 




Robert Morris
Director

Date: 29 August 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
BORDER ENGINEERING & FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Border Engineering and Fabricatons Limited, 05283516, is a private limited company, limited by shares, incorporated in England and Wales, with its registered office at Belmont House, Shrewsbury Business Park, Shrewsbury, Shropshire, SY2 6LG and principal place of business at Rock Farm, Rock Green, Ludlow, SY8 2DS.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
BORDER ENGINEERING & FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
BORDER ENGINEERING & FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
BORDER ENGINEERING & FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis and straight line basis..

Depreciation is provided on the following basis:

Long-term leasehold property
-
over remaining period of the lease
Plant and machinery
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
on cost
Office equipment
-
20%
on cost

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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

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.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
BORDER ENGINEERING & FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 8).


4.


Intangible assets




Goodwill

£



Cost


At 1 December 2022
1,000



At 30 November 2023

1,000



Amortisation


At 1 December 2022
1,000



At 30 November 2023

1,000



Net book value



At 30 November 2023
-



At 30 November 2022
-



Page 7

 
BORDER ENGINEERING & FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 December 2022
9,159
82,247
30,332
290
3,360


Additions
-
10,788
-
-
-



At 30 November 2023

9,159
93,035
30,332
290
3,360



Depreciation


At 1 December 2022
8,674
57,897
16,716
290
3,057


Charge for the year on owned assets
-
7,028
3,404
-
193



At 30 November 2023

8,674
64,925
20,120
290
3,250



Net book value



At 30 November 2023
485
28,110
10,212
-
110



At 30 November 2022
485
24,350
13,616
-
303
Page 8

 
BORDER ENGINEERING & FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

           5.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 December 2022
125,388


Additions
10,788



At 30 November 2023

136,176



Depreciation


At 1 December 2022
86,634


Charge for the year on owned assets
10,625



At 30 November 2023

97,259



Net book value



At 30 November 2023
38,917



At 30 November 2022
38,754

Page 9

 
BORDER ENGINEERING & FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
133,627
102,670

Other debtors
164,006
186,459

Prepayments and accrued income
4,584
3,254

302,217
292,383



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
90,061
118,327

90,061
118,327



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
71,214
60,472

Other taxation and social security
51,371
59,090

Obligations under finance lease and hire purchase contracts
4,047
6,691

Other creditors
1,232
1,983

Accruals and deferred income
9,668
11,310

137,532
139,546



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
1,341
1,748

1,341
1,748


Page 10

 
BORDER ENGINEERING & FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
4,047
6,691

Between 1-5 years
1,341
1,748

5,388
8,439


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



12.


Pension commitments

The Company operates a defined pension scheme. The assets of the scheme are held seperately fromthose of the Company, in a independently administered fund. The pension cost charge representscontributions payable by the company, to the fund amounted to £1,236 (2022 - £1,451). Contributions totalling £306 (2022 - £397) were payable to the fund at the balance sheet date and are included increditors.


13.


Transactions with directors

IIncluded within other debtors due within one year is a loan to the directors of £141,880 (2022 - £164,898). During the year interest has been charged at the official rate.

 
Page 11