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REGISTERED NUMBER: 14078075 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

BOREAS CONTRACTS LTD

BOREAS CONTRACTS LTD (REGISTERED NUMBER: 14078075)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BOREAS CONTRACTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr N Parrott
Mrs V M Parrott





REGISTERED OFFICE: McCue House
Wilton Road
Humberston
GRIMSBY
DN36 4AW





REGISTERED NUMBER: 14078075 (England and Wales)





ACCOUNTANTS: Smethurst & Co LLP
12 Abbey Road
GRIMSBY
DN32 0HL

BOREAS CONTRACTS LTD (REGISTERED NUMBER: 14078075)

ABRIDGED BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,492 17,119

CURRENT ASSETS
Debtors 3,124,810 1,807,488
Cash at bank 70,874 85,452
3,195,684 1,892,940
CREDITORS
Amounts falling due within one year 1,937,891 1,068,412
NET CURRENT ASSETS 1,257,793 824,528
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,310,285

841,647

CREDITORS
Amounts falling due after more than one
year

(32,155

)

-

PROVISIONS FOR LIABILITIES (13,123 ) (4,280 )
NET ASSETS 1,265,007 837,367

CAPITAL AND RESERVES
Allotted, called up and
fully paid share capital 100 100
Profit and loss account 1,264,907 837,267
1,265,007 837,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

BOREAS CONTRACTS LTD (REGISTERED NUMBER: 14078075)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





Mr N Parrott - Director


BOREAS CONTRACTS LTD (REGISTERED NUMBER: 14078075)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Boreas Contracts Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% Reducing Balance
Motor vehicles - 25% Reducing Balance
Computer equipment - 33% Straight Line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 6 ) .

BOREAS CONTRACTS LTD (REGISTERED NUMBER: 14078075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 20,293
Additions 53,479
At 30 April 2024 73,772
DEPRECIATION
At 1 May 2023 3,174
Charge for year 18,106
At 30 April 2024 21,280
NET BOOK VALUE
At 30 April 2024 52,492
At 30 April 2023 17,119