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Company Registration No. 04173350 (England and Wales)
Border Food Machinery Limited Unaudited accounts for the year ended 31 May 2024
Border Food Machinery Limited Unaudited accounts Contents
Page
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Border Food Machinery Limited Company Information for the year ended 31 May 2024
Directors
M Barwick P Barwick
Company Number
04173350 (England and Wales)
Registered Office
SITE 39 KINGSTOWN BROADWAY KINGSTOWN INDUSTRIAL ESTATE CARLISLE CUMBRIA CA3 0HA
Accountants
Alpha Accountancy 106 Wigton Road Carlisle CA2 7ES
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Border Food Machinery Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
513,313 
279,567 
Current assets
Inventories
175,400 
166,051 
Debtors
152,993 
195,659 
Cash at bank and in hand
372,847 
380,942 
701,240 
742,652 
Creditors: amounts falling due within one year
(492,575)
(487,588)
Net current assets
208,665 
255,064 
Total assets less current liabilities
721,978 
534,631 
Creditors: amounts falling due after more than one year
(372,266)
(253,133)
Provisions for liabilities
Deferred tax
(33,492)
(45,321)
Net assets
316,220 
236,177 
Capital and reserves
Called up share capital
150 
150 
Profit and loss account
316,070 
236,027 
Shareholders' funds
316,220 
236,177 
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by
P Barwick Director Company Registration No. 04173350
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Border Food Machinery Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Border Food Machinery Limited is a private company, limited by shares, registered in England and Wales, registration number 04173350. The registered office is SITE 39 KINGSTOWN BROADWAY, KINGSTOWN INDUSTRIAL ESTATE, CARLISLE, CUMBRIA, CA3 0HA.
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:
Land & buildings
Not provided
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
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.
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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Border Food Machinery Limited Notes to the Accounts for the year ended 31 May 2024
Leased 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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
- 
18,082 
300,606 
42,756 
361,444 
Additions
338,790 
3,010 
30,000 
6,453 
378,253 
Disposals
- 
- 
(126,449)
(11,857)
(138,306)
At 31 May 2024
338,790 
21,092 
204,157 
37,352 
601,391 
Depreciation
At 1 June 2023
- 
13,006 
37,649 
31,222 
81,877 
Charge for the year
- 
1,216 
40,818 
1,547 
43,581 
On disposals
- 
- 
(26,763)
(10,617)
(37,380)
At 31 May 2024
- 
14,222 
51,704 
22,152 
88,078 
Net book value
At 31 May 2024
338,790 
6,870 
152,453 
15,200 
513,313 
At 31 May 2023
- 
5,076 
262,957 
11,534 
279,567 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
151,383 
174,554 
Accrued income and prepayments
1,610 
1,610 
Other debtors
- 
19,495 
152,993 
195,659 
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Border Food Machinery Limited Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
46,476 
24,000 
VAT
43,693 
45,460 
Obligations under finance leases and hire purchase contracts
39,735 
48,153 
Trade creditors
193,968 
219,389 
Taxes and social security
98,583 
22,789 
Loans from directors
7,828 
- 
Accruals
2,806 
2,465 
Deferred income
59,486 
125,332 
492,575 
487,588 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
256,021 
48,000 
Obligations under finance leases and hire purchase contracts
116,245 
205,133 
372,266 
253,133 
Aggregate of amounts that fall due for payment after five years
134,268 
- 
The mortgage is secured by a fixed charge over the company's premises. Amounts owed under hire purchase agreements are secured on the assets to which they relate.
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
M Barwick
Loan
5,810 
- 
5,810 
- 
P Barwick
Loan
10,219 
- 
10,219 
- 
E M Douthwaite
Loan
3,466 
- 
3,466 
- 
19,495 
- 
19,495 
- 
The advances were interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 16 (2023: 15).
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