Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30false2No description of principal activity2023-07-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04448298 2023-07-01 2024-06-30 04448298 2022-07-01 2023-06-30 04448298 2024-06-30 04448298 2023-06-30 04448298 c:Director1 2023-07-01 2024-06-30 04448298 c:Director2 2023-07-01 2024-06-30 04448298 d:PlantMachinery 2023-07-01 2024-06-30 04448298 d:OfficeEquipment 2023-07-01 2024-06-30 04448298 d:OtherPropertyPlantEquipment 2024-06-30 04448298 d:OtherPropertyPlantEquipment 2023-06-30 04448298 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04448298 d:CurrentFinancialInstruments 2024-06-30 04448298 d:CurrentFinancialInstruments 2023-06-30 04448298 d:Non-currentFinancialInstruments 2024-06-30 04448298 d:Non-currentFinancialInstruments 2023-06-30 04448298 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 04448298 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04448298 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 04448298 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 04448298 d:ShareCapital 2024-06-30 04448298 d:ShareCapital 2023-06-30 04448298 d:RetainedEarningsAccumulatedLosses 2024-06-30 04448298 d:RetainedEarningsAccumulatedLosses 2023-06-30 04448298 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-06-30 04448298 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 04448298 c:FRS102 2023-07-01 2024-06-30 04448298 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04448298 c:FullAccounts 2023-07-01 2024-06-30 04448298 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04448298 d:WithinOneYear 2024-06-30 04448298 d:WithinOneYear 2023-06-30 04448298 d:BetweenOneFiveYears 2024-06-30 04448298 d:BetweenOneFiveYears 2023-06-30 04448298 2 2023-07-01 2024-06-30 04448298 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 04448298






BOARDER SECURITY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










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BOARDER SECURITY LIMITED
REGISTERED NUMBER:04448298

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
857
1,138

  
857
1,138

Current assets
  

Stocks
  
15,000
14,000

Debtors: amounts falling due within one year
 5 
7,454
6,230

Cash at bank and in hand
 6 
1,359
563

  
23,813
20,793

Creditors: amounts falling due within one year
 7 
(43,832)
(30,184)

Net current liabilities
  
 
 
(20,019)
 
 
(9,391)

Total assets less current liabilities
  
(19,162)
(8,253)

Creditors: amounts falling due after more than one year
 8 
(2,750)
(5,750)

  

Net liabilities
  
(21,912)
(14,003)


Capital and reserves
  

Called up share capital 
  
99
99

Profit and loss account
  
(22,011)
(14,102)

  
(21,912)
(14,003)


Page 1

 
BOARDER SECURITY LIMITED
REGISTERED NUMBER:04448298
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 March 2025.




D McDonald
P McDonald
Director
Director

Page 2

 
BOARDER SECURITY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Boarder Security Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Unit 8, Phoenix House, Redhill Aerodrome, Kings Mill Lane, Redhill, Surrey, RH1 5JY.
The principal activity of the company continued to be that of locksmiths and ironmongery retail.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

Despite the net liabilities the financial statements have been prepared on the going concern basis due to the continued support of the directors.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BOARDER SECURITY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
20% reducing balance
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
BOARDER SECURITY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
BOARDER SECURITY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 July 2023
3,459



At 30 June 2024

3,459



Depreciation


At 1 July 2023
2,321


Charge for the year on owned assets
281



At 30 June 2024

2,602



Net book value



At 30 June 2024
857



At 30 June 2023
1,138

Page 6

 
BOARDER SECURITY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
3,503
2,292

Other debtors
13
-

Prepayments and accrued income
3,938
3,938

7,454
6,230



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,359
563

1,359
563



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
3,000
3,000

Trade creditors
6,736
3,806

Other taxation and social security
-
3

Other creditors
31,696
18,858

Accruals and deferred income
2,400
4,517

43,832
30,184



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,750
5,750

2,750
5,750


Page 7

 
BOARDER SECURITY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,359
1,359




10.


Commitments under operating leases

At 30 June 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
15,742
15,742

Later than 1 year and not later than 5 years
15,742
31,484

31,484
47,226

 
Page 8