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REGISTERED NUMBER: 04140989 (England and Wales)











Border Scaffold Services Limited

Unaudited Financial Statements

for the Year Ended 30 December 2023






Border Scaffold Services Limited (Registered number: 04140989)






Contents of the Financial Statements
for the Year Ended 30 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 10

Border Scaffold Services Limited

Company Information
for the Year Ended 30 December 2023







DIRECTOR: R P Morgan





SECRETARY: Miss K L Morgan





REGISTERED OFFICE: Western Close
Southern Avenue
Leominster
Herefordshire
HR6 0QD





REGISTERED NUMBER: 04140989 (England and Wales)





ACCOUNTANTS: Dyke Ruscoe & Hayes Ltd
Chartered Certified Accountants
110 Corve Street
Ludlow
SHROPSHIRE
SY8 1DJ

Border Scaffold Services Limited (Registered number: 04140989)

Balance Sheet
30 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 810,200 635,625
810,200 635,625

CURRENT ASSETS
Debtors 6 554,215 426,860
Cash at bank 263,027 32,036
817,242 458,896
CREDITORS
Amounts falling due within one year 7 451,971 460,439
NET CURRENT ASSETS/(LIABILITIES) 365,271 (1,543 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,175,471

634,082

CREDITORS
Amounts falling due after more than one
year

8

(224,196

)

(228,738

)

PROVISIONS FOR LIABILITIES (187,806 ) (136,790 )
NET ASSETS 763,469 268,554

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 58,978 88,467
Retained earnings 704,391 179,987
SHAREHOLDERS' FUNDS 763,469 268,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Scaffold Services Limited (Registered number: 04140989)

Balance Sheet - continued
30 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 director and authorised for issue on 19 June 2024 and were signed by:





R P Morgan - Director


Border Scaffold Services Limited (Registered number: 04140989)

Notes to the Financial Statements
for the Year Ended 30 December 2023

1. STATUTORY INFORMATION

Border Scaffold Services 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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

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 - 20% on cost, 20% on reducing balance and 4% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 25% on cost

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.

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.

Border Scaffold Services Limited (Registered number: 04140989)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Invoice discounting
The company sells trade receivables balances to a third-party invoice discounting company in exchange for a cash payment from the invoice discounting company, net of fees. All the risks and rewards of the trade receivables remain with the company and, accordingly, the trade receivables remain recognised in the balance sheet. Such arrangements are used from time to time by the company to manage the recovery of cash from its trade receivables. As at 31 December 2023, the company balance sheet included £95,017 (2022: £150,062) of trade receivables subject to such arrangements. Factoring fees incurred during the year ended 31 December 2023, which are written off to the income statement within ordinary finance costs, amounted to £39,401 (2022: £27,048).

Revaluation
Plant and machinery are carried at their revalued amounts, being fair value at the date of valuation less subsequent depreciation and impairment losses. Revaluations are performed by the director. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset.
Any revaluation increase in the carrying amount of plant and machinery is recognised in other comprehensive income and included in a revaluation reserve in equity, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss, in which case the increase is credited to profit and loss to the extent of the decrease previously expended.
Decreases that offset previous increases of the same asset are charged in other comprehensive income and debited against revaluation reserve in equity; decreases exceeding the balance in revaluation reserve relating to an asset are recognised in profit or loss. Each year the difference between depreciation based on the revalued carrying amount of the asset recognised in profit or loss and depreciation based on the asset's original cost is transferred from revaluation reserve to retained earnings.
Plant and machinery were revalued for the first time during the financial year to 31st December 2010, whilst they were carried at cost less accumulated depreciation and impairment in previous periods. The use of a policy of revaluation provides more relevant and reliable information about the value of the plant and machinery owned by the company. The effects of the change in accounting policy on the financial statements are illustrated in note 6.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 26 ) .

Border Scaffold Services Limited (Registered number: 04140989)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 December 2022
and 30 December 2023 500,000
AMORTISATION
At 31 December 2022
and 30 December 2023 500,000
NET BOOK VALUE
At 30 December 2023 -
At 30 December 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 31 December 2022 1,582,468 5,220 187,987 9,286 1,784,961
Additions 27,770 410 252,915 2,163 283,258
Disposals - - (24,815 ) - (24,815 )
At 30 December 2023 1,610,238 5,630 416,087 11,449 2,043,404
DEPRECIATION
At 31 December 2022 1,010,781 4,643 124,647 9,265 1,149,336
Charge for year 55,575 227 44,496 175 100,473
Eliminated on disposal - - (16,605 ) - (16,605 )
At 30 December 2023 1,066,356 4,870 152,538 9,440 1,233,204
NET BOOK VALUE
At 30 December 2023 543,882 760 263,549 2,009 810,200
At 30 December 2022 571,687 577 63,340 21 635,625

Cost or valuation at 30 December 2023 is represented by:

Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Valuation in 2010 640,208 - - - 640,208
Cost 970,030 5,630 416,087 11,449 1,403,196
1,610,238 5,630 416,087 11,449 2,043,404

Border Scaffold Services Limited (Registered number: 04140989)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

5. PROPERTY, PLANT AND EQUIPMENT - continued

If plant and machinery had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 970,030 942,260
Aggregate depreciation 578,290 555,065

Plant and machinery were valued on an open market basis on 31 December 2010 by the director .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 31 December 2022 21,495
Additions 142,718
Transfer to ownership (21,495 )
At 30 December 2023 142,718
DEPRECIATION
At 31 December 2022 12,427
Charge for year 17,000
Transfer to ownership (12,427 )
At 30 December 2023 17,000
NET BOOK VALUE
At 30 December 2023 125,718
At 30 December 2022 9,068

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 524,004 413,107
Other debtors 610 -
Tax 6,959 13,352
VAT 20,298 -
Prepayments 2,344 401
554,215 426,860

Border Scaffold Services Limited (Registered number: 04140989)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 94,684 129,647
Hire purchase contracts 29,993 6,973
Trade creditors 18,362 75,518
Tax 146,069 13,477
Social security and other taxes 15,752 47,799
VAT - 11,222
Other creditors 104,867 165,817
Directors' current accounts 34,877 3,057
Accrued expenses 7,367 6,929
451,971 460,439

Invoice discounting is secured over the trade debtors of the company. The company balance sheet included £95,017 (2022: £150,062) of trade receivables subject to such arrangements.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans 142,462 216,719
Hire purchase contracts 81,734 12,019
224,196 228,738

9. RESERVES
Revaluation
reserve
£   
At 31 December 2022 88,467
Revaluation in the year (29,489 )

At 30 December 2023 58,978

The revaluation reserve relates to the revaluation of scaffolding and associated plant last carried out in detail in 2010. The director reviewed this figure on 31 December 2019 and considers the revaluation to still be relevant.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 December 2023 and the period ended 30 December 2022:

2023 2022
£    £   
R P Morgan
Balance outstanding at start of year (3,057 ) 68,730
Amounts advanced 75,556 69,712
Amounts repaid (107,376 ) (141,499 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (34,877 ) (3,057 )

Border Scaffold Services Limited (Registered number: 04140989)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

The director has been charged 2.25% interest during the periods when the loan from the company exceeded £10,000.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Border Scaffold Services Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Border Scaffold Services Limited for the year ended 30 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Border Scaffold Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Border Scaffold Services Limited and state those matters that we have agreed to state to the director of Border Scaffold Services Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Border Scaffold Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Border Scaffold Services Limited. You consider that Border Scaffold Services Limited 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 financial statements of Border Scaffold Services Limited. 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 financial statements.






Dyke Ruscoe & Hayes Ltd
Chartered Certified Accountants
110 Corve Street
Ludlow
SHROPSHIRE
SY8 1DJ


19 June 2024