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REGISTERED NUMBER: 01901399 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

BORDERWELL LIMITED

BORDERWELL LIMITED (REGISTERED NUMBER: 01901399)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BORDERWELL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: M A White
Mrs M D White





SECRETARY: Mrs M D White





REGISTERED OFFICE: Charlton House
Dour Street
DOVER
Kent
CT16 1BL





REGISTERED NUMBER: 01901399 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

BORDERWELL LIMITED (REGISTERED NUMBER: 01901399)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,268 8,542

CURRENT ASSETS
Stocks 5 79,963 79,963
Debtors 6 124,025 149,820
Investments 7 139,646 84,172
Cash at bank 356,350 389,070
699,984 703,025
CREDITORS
Amounts falling due within one year 8 142,320 159,418
NET CURRENT ASSETS 557,664 543,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

572,932

552,149

CREDITORS
Amounts falling due after more than one
year

9

(11,790

)

(20,099

)

PROVISIONS FOR LIABILITIES (2,554 ) (792 )
NET ASSETS 558,588 531,258

CAPITAL AND RESERVES
Called up share capital 10 300 300
Retained earnings 558,288 530,958
SHAREHOLDERS' FUNDS 558,588 531,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

BORDERWELL LIMITED (REGISTERED NUMBER: 01901399)

BALANCE SHEET - continued
31 MAY 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 Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





M A White - Director


BORDERWELL LIMITED (REGISTERED NUMBER: 01901399)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Borderwell 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.

The company's principal place of business is 25a Singledge Lane, Whitfield, Dover, Kent, CT16 3EL.

The financial statements are presented in sterling which is the functional currency of the company.

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
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Current asset investments
Current asset invesments are measured at fair value at each reporting date with changes in fair value recognised in the profit or loss account.

Stocks and work in progress
Stock and work in progress 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.

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.

BORDERWELL LIMITED (REGISTERED NUMBER: 01901399)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 29,447 26,497 55,944
Additions 1,886 9,378 11,264
At 31 May 2024 31,333 35,875 67,208
DEPRECIATION
At 1 June 2023 27,164 20,238 47,402
Charge for year 629 3,909 4,538
At 31 May 2024 27,793 24,147 51,940
NET BOOK VALUE
At 31 May 2024 3,540 11,728 15,268
At 31 May 2023 2,283 6,259 8,542

5. STOCKS
2024 2023
£    £   
Stocks 2,500 2,500
Work in progress 77,463 77,463
79,963 79,963

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 123,442 137,772
Other debtors & prepayments 583 12,048
124,025 149,820

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other investments 139,646 84,172

BORDERWELL LIMITED (REGISTERED NUMBER: 01901399)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,648 10,648
Tax 94,049 111,860
Social security and other taxes 30,864 30,550
Other creditors 6,365 6,064
Director's loan account 394 296
142,320 159,418

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,648 10,648
Bank loans - 2-5 years 1,142 9,451
11,790 20,099

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary Shares £1 300 300