IRIS Accounts Production v24.3.0.553 09013567 director 1.5.23 30.4.24 30.4.24 false true false false false true false Ordinary 100.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh090135672023-04-30090135672024-04-30090135672023-05-012024-04-30090135672022-04-30090135672022-05-012023-04-30090135672023-04-3009013567ns15:EnglandWales2023-05-012024-04-3009013567ns14:PoundSterling2023-05-012024-04-3009013567ns10:Director12023-05-012024-04-3009013567ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3009013567ns10:SmallEntities2023-05-012024-04-3009013567ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3009013567ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3009013567ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3009013567ns10:FullAccounts2023-05-012024-04-300901356712023-05-012024-04-3009013567ns10:OrdinaryShareClass12023-05-012024-04-3009013567ns10:RegisteredOffice2023-05-012024-04-3009013567ns5:CurrentFinancialInstruments2024-04-3009013567ns5:CurrentFinancialInstruments2023-04-3009013567ns5:Non-currentFinancialInstruments2024-04-3009013567ns5:Non-currentFinancialInstruments2023-04-3009013567ns5:ShareCapital2024-04-3009013567ns5:ShareCapital2023-04-3009013567ns5:RetainedEarningsAccumulatedLosses2024-04-3009013567ns5:RetainedEarningsAccumulatedLosses2023-04-3009013567ns5:NetGoodwill2023-05-012024-04-3009013567ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3009013567ns5:PlantMachinery2023-05-012024-04-3009013567ns5:MotorVehicles2023-05-012024-04-3009013567ns5:NetGoodwill2023-04-3009013567ns5:NetGoodwill2024-04-3009013567ns5:NetGoodwill2023-04-3009013567ns5:LandBuildings2023-04-3009013567ns5:PlantMachinery2023-04-3009013567ns5:MotorVehicles2023-04-3009013567ns5:LandBuildings2023-05-012024-04-3009013567ns5:LandBuildings2024-04-3009013567ns5:PlantMachinery2024-04-3009013567ns5:MotorVehicles2024-04-3009013567ns5:LandBuildings2023-04-3009013567ns5:PlantMachinery2023-04-3009013567ns5:MotorVehicles2023-04-3009013567ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-04-3009013567ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-04-3009013567ns10:OrdinaryShareClass12024-04-3009013567ns5:RetainedEarningsAccumulatedLosses2023-04-3009013567ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 09013567 (England and Wales)















Financial Statements for the Year Ended 30th April 2024

for

BOROUGH PARK RETAIL LIMITED

BOROUGH PARK RETAIL LIMITED (Registered number: 09013567)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOROUGH PARK RETAIL LIMITED

Company Information
for the Year Ended 30th April 2024







DIRECTOR: R Nixon





REGISTERED OFFICE: 9 Butterwick Road
Messingham
Scunthorpe
North Lincolnshire
DN17 3PA





REGISTERED NUMBER: 09013567 (England and Wales)





ACCOUNTANTS: Peter R Burton Accountants
43 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PN

BOROUGH PARK RETAIL LIMITED (Registered number: 09013567)

Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 85,000 85,000
Tangible assets 5 220,470 233,935
305,470 318,935

CURRENT ASSETS
Stocks 190,549 203,960
Debtors 6 5,771 3,010
Cash at bank and in hand 517,937 539,354
714,257 746,324
CREDITORS
Amounts falling due within one year 7 394,258 451,780
NET CURRENT ASSETS 319,999 294,544
TOTAL ASSETS LESS CURRENT
LIABILITIES

625,469

613,479

CREDITORS
Amounts falling due after more than
one year

8

98,707

139,914
NET ASSETS 526,762 473,565

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 526,662 473,465
SHAREHOLDERS' FUNDS 526,762 473,565

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

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

BOROUGH PARK RETAIL LIMITED (Registered number: 09013567)

Balance Sheet - continued
30th April 2024


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 22nd November 2024 and were signed by:





R Nixon - Director


BOROUGH PARK RETAIL LIMITED (Registered number: 09013567)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

BOROUGH PARK RETAIL 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.

Turnover
Turnover 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 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


BOROUGH PARK RETAIL LIMITED (Registered number: 09013567)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 85,000
NET BOOK VALUE
At 30th April 2024 85,000
At 30th April 2023 85,000

BOROUGH PARK RETAIL LIMITED (Registered number: 09013567)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st May 2023 159,671 169,891 21,443 351,005
Additions - 2,302 - 2,302
At 30th April 2024 159,671 172,193 21,443 353,307
DEPRECIATION
At 1st May 2023 - 108,877 8,193 117,070
Charge for year - 12,454 3,313 15,767
At 30th April 2024 - 121,331 11,506 132,837
NET BOOK VALUE
At 30th April 2024 159,671 50,862 9,937 220,470
At 30th April 2023 159,671 61,014 13,250 233,935

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Prepayments 5,771 3,010

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 209,091 217,461
Tax 56,790 60,187
Social security and other taxes 11,861 2,737
VAT 108,987 108,918
Directors' current accounts 643 57,508
Accrued expenses 6,886 4,969
394,258 451,780

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans more 5 yr by instal 98,707 139,914

BOROUGH PARK RETAIL LIMITED (Registered number: 09013567)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.4.24 30.4.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 98,707 139,914

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary 100 100 100

10. RESERVES
Retained
earnings
£   

At 1st May 2023 473,465
Profit for the year 158,197
Dividends (105,000 )
At 30th April 2024 526,662