IRIS Accounts Production v25.1.3.33 SC348411 Board of Directors Board of Directors 1.11.23 31.10.24 31.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3484112023-10-31SC3484112024-10-31SC3484112023-11-012024-10-31SC3484112022-10-31SC3484112022-11-012023-10-31SC3484112023-10-31SC348411ns15:Scotland2023-11-012024-10-31SC348411ns14:PoundSterling2023-11-012024-10-31SC348411ns10:Director12023-11-012024-10-31SC348411ns10:Director22023-11-012024-10-31SC348411ns10:PrivateLimitedCompanyLtd2023-11-012024-10-31SC348411ns10:SmallEntities2023-11-012024-10-31SC348411ns10:AuditExemptWithAccountantsReport2023-11-012024-10-31SC348411ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-31SC348411ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-31SC348411ns10:FullAccounts2023-11-012024-10-31SC34841112023-11-012024-10-31SC348411ns10:Director32023-11-012024-10-31SC348411ns10:CompanySecretary12023-11-012024-10-31SC348411ns10:RegisteredOffice2023-11-012024-10-31SC348411ns5:CurrentFinancialInstruments2024-10-31SC348411ns5:CurrentFinancialInstruments2023-10-31SC348411ns5:Non-currentFinancialInstruments2024-10-31SC348411ns5:Non-currentFinancialInstruments2023-10-31SC348411ns5:ShareCapital2024-10-31SC348411ns5:ShareCapital2023-10-31SC348411ns5:RetainedEarningsAccumulatedLosses2024-10-31SC348411ns5:RetainedEarningsAccumulatedLosses2023-10-31SC348411ns5:NetGoodwill2023-11-012024-10-31SC348411ns5:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-31SC348411ns5:MotorVehicles2023-11-012024-10-31SC348411ns5:ComputerEquipment2023-11-012024-10-31SC348411ns5:NetGoodwill2023-10-31SC348411ns5:NetGoodwill2024-10-31SC348411ns5:NetGoodwill2023-10-31SC348411ns5:MotorVehicles2023-10-31SC348411ns5:ComputerEquipment2023-10-31SC348411ns5:MotorVehicles2024-10-31SC348411ns5:ComputerEquipment2024-10-31SC348411ns5:MotorVehicles2023-10-31SC348411ns5:ComputerEquipment2023-10-31SC348411ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-31SC348411ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31















BORDER TIMBERGUARD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024






BORDER TIMBERGUARD LIMITED (REGISTERED NUMBER: SC348411)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

BORDER TIMBERGUARD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: W B Gray
Mrs M L Gray
A Gray





SECRETARY: Mrs M L Gray





REGISTERED OFFICE: Riverside House
Ladhope Vale
Galashiels
Borders
TD1 1BT





REGISTERED NUMBER: SC348411 (Scotland)





ACCOUNTANTS: JRW Hogg & Thorburn
Chartered Accountants
Riverside House
Ladhope Vale
Galashiels
Selkirkshire
TD1 1BT

BORDER TIMBERGUARD LIMITED (REGISTERED NUMBER: SC348411)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 17,725 22,156
Tangible assets 5 61,120 57,324
78,845 79,480

CURRENT ASSETS
Stocks 22,093 25,230
Debtors 6 57,495 84,594
Cash at bank and in hand 187,605 143,330
267,193 253,154
CREDITORS
Amounts falling due within one year 7 64,441 126,421
NET CURRENT ASSETS 202,752 126,733
TOTAL ASSETS LESS CURRENT
LIABILITIES

281,597

206,213

CREDITORS
Amounts falling due after more than one
year

8

-

(305

)

PROVISIONS FOR LIABILITIES (9,437 ) (8,076 )
NET ASSETS 272,160 197,832

CAPITAL AND RESERVES
Called up share capital 110 100
Retained earnings 272,050 197,732
SHAREHOLDERS' FUNDS 272,160 197,832

BORDER TIMBERGUARD LIMITED (REGISTERED NUMBER: SC348411)

BALANCE SHEET - continued
31ST OCTOBER 2024


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

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

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 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 19th May 2025 and were signed on its behalf by:




W B Gray - Director



Mrs M L Gray - Director


BORDER TIMBERGUARD LIMITED (REGISTERED NUMBER: SC348411)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Border Timberguard Limited is a private company, limited by shares , registered in Scotland. 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.

The directors have considered the potential impact of ongoing worldwide events on the business and are satisfied that the Company has sufficient cash reserves to meet all financial obligations for the foreseeable future. The Accounts have therefore been prepared on the going concern basis.

Turnover
Turnover represents the invoiced value of woodworm and dry rot specialist services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty 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.
Motor vehicles - 25% on reducing balance
Equipment - 15% 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.

BORDER TIMBERGUARD LIMITED (REGISTERED NUMBER: SC348411)

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

2. ACCOUNTING POLICIES - continued

Financial assets
Basic financial assets, including trade trade and other debtors and bank balances, are initially recognised at transaction price.
At the end of each reporting period financial assets measured at cost are assessed for evidence of impairment. Any impairment loss is recognised in the Income Statement.
Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are settled.

Financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. These are classed as current liabilities as payment is due within one year of less. If not they are presented as non-current liabilities.
Financial liabilities are decolonised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.

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.

BORDER TIMBERGUARD LIMITED (REGISTERED NUMBER: SC348411)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2023
and 31st October 2024 88,630
AMORTISATION
At 1st November 2023 66,474
Charge for year 4,431
At 31st October 2024 70,905
NET BOOK VALUE
At 31st October 2024 17,725
At 31st October 2023 22,156

5. TANGIBLE FIXED ASSETS
Motor
vehicles Equipment Totals
£    £    £   
COST
At 1st November 2023 121,564 13,420 134,984
Additions 23,548 - 23,548
At 31st October 2024 145,112 13,420 158,532
DEPRECIATION
At 1st November 2023 69,460 8,200 77,660
Charge for year 18,913 839 19,752
At 31st October 2024 88,373 9,039 97,412
NET BOOK VALUE
At 31st October 2024 56,739 4,381 61,120
At 31st October 2023 52,104 5,220 57,324

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 57,495 84,594

BORDER TIMBERGUARD LIMITED (REGISTERED NUMBER: SC348411)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 306 4,010
Trade creditors 9,752 19,337
Taxation and social security 46,166 49,063
Other creditors 8,217 54,011
64,441 126,421

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 305

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company was due £371 to W G Gray (Director) (2023 £30236), £157 to Mrs M G Gray (Director) (2023 £18,444) and £46 to A G Gray (Director) (2023:£56 ).

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BORDER TIMBERGUARD LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Border Timberguard Limited for the year ended 31st October 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Border Timberguard Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Border Timberguard Limited and state those matters that we have agreed to state to the Board of Directors of Border Timberguard Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Border Timberguard Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Border Timberguard Limited. You consider that Border Timberguard Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Border Timberguard Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JRW Hogg & Thorburn
Chartered Accountants
Riverside House
Ladhope Vale
Galashiels
Selkirkshire
TD1 1BT


19th May 2025