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Company Registration No. 11420580 (England and Wales)
Borland Roadliner Ltd Unaudited accounts for the year ended 30 June 2024
Borland Roadliner Ltd Unaudited accounts Contents
Page
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Borland Roadliner Ltd Company Information for the year ended 30 June 2024
Director
Christopher George Borland
Company Number
11420580 (England and Wales)
Registered Office
Office OA Suites 10,11,13 Kendall Business Park Stafford Park 6 Telford TF3 3AT United Kingdom
Accountants
PHA Accountants Limited Timsons Business Centre Bath Road Kettering Northamptonshire NN16 8NQ
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Borland Roadliner Ltd Accountants' report
Accountants' report to the director of Borland Roadliner Ltd on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Borland Roadliner Ltd for the year ended 30 June 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Borland Roadliner Ltd, as a body, in accordance with the terms of our engagement letter dated 18 April 2019. Our work has been undertaken solely to prepare for your approval the accounts of Borland Roadliner Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Borland Roadliner Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Borland Roadliner Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Borland Roadliner Ltd. You consider that Borland Roadliner Ltd 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 accounts of Borland Roadliner Ltd. 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 accounts.
PHA Accountants Limited Timsons Business Centre Bath Road Kettering Northamptonshire NN16 8NQ 2 September 2024
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Borland Roadliner Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
245,108 
137,293 
Current assets
Debtors
136,956 
73,078 
Cash at bank and in hand
47,253 
50,425 
184,209 
123,503 
Creditors: amounts falling due within one year
(74,293)
(32,842)
Net current assets
109,916 
90,661 
Total assets less current liabilities
355,024 
227,954 
Creditors: amounts falling due after more than one year
(157,155)
(120,978)
Provisions for liabilities
Deferred tax
(61,277)
(26,086)
Net assets
136,592 
80,890 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
136,582 
80,880 
Shareholders' funds
136,592 
80,890 
For the year ending 30 June 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 September 2024 and were signed on its behalf by
Christopher George Borland Director Company Registration No. 11420580
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Borland Roadliner Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Borland Roadliner Ltd is a private company, limited by shares, registered in England and Wales, registration number 11420580. The registered office is Office OA Suites 10,11,13, Kendall Business Park, Stafford Park 6, Telford, TF3 3AT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Reducing balance
Motor vehicles
25% Reducing balance
Leased and hire purchase assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Borland Roadliner Ltd Notes to the Accounts for the year ended 30 June 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
9,864 
191,849 
201,713 
Additions
23,026 
134,000 
157,026 
At 30 June 2024
32,890 
325,849 
358,739 
Depreciation
At 1 July 2023
5,436 
58,984 
64,420 
Charge for the year
2,245 
46,966 
49,211 
At 30 June 2024
7,681 
105,950 
113,631 
Net book value
At 30 June 2024
25,209 
219,899 
245,108 
At 30 June 2023
4,428 
132,865 
137,293 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
152,954 
100,605 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
31,115 
7,902 
Trade debtors
89,234 
65,176 
Accrued income and prepayments
16,607 
- 
136,956 
73,078 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,044 
2,025 
Obligations under finance leases and hire purchase contracts
52,066 
21,911 
Taxes and social security
562 
- 
Other creditors
357 
197 
Accruals
8,192 
8,709 
Deferred income
11,072 
- 
74,293 
32,842 
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Borland Roadliner Ltd Notes to the Accounts for the year ended 30 June 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,692 
5,738 
Obligations under finance leases and hire purchase contracts
100,715 
65,240 
Loans from directors
52,748 
50,000 
157,155 
120,978 
8
Loans to directors
At the balance sheet date, the company owed the Director £52,748 (2023: £50,000) in relation to his Director Loan balance.
9
Transactions with related parties
During the year, total dividends of £597 (2023: £4,853) were paid to the Director.
10
Average number of employees
During the year the average number of employees was 7 (2023: 4).
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