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REGISTERED NUMBER: 02128248 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

BORDER ENGINEERING LIMITED

BORDER ENGINEERING LIMITED (REGISTERED NUMBER: 02128248)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BORDER ENGINEERING LIMITED

COMPANY INFORMATION
for the Year Ended 31 OCTOBER 2024







DIRECTORS: Mr R C Gerrard
Dr J M Mills OBE DL
Mr A R Gerrard
Mr S D Beer
Dr T I Mills



SECRETARY: Dr J M Mills OBE DL



REGISTERED OFFICE: 260 -270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL



BUSINESS ADDRESS: Unit 29, Scott Road Industral Estate
Sundon Park
Luton
Bedfordshire
LU3 3BF



REGISTERED NUMBER: 02128248 (England and Wales)



ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL



BANKERS: HSBC plc
63 George Street
Luton
Bedfordshire
LU1 2AR

BORDER ENGINEERING LIMITED (REGISTERED NUMBER: 02128248)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 184,459 244,626

CURRENT ASSETS
Stocks 5 17,050 17,050
Debtors 6 409,844 524,390
Cash at bank 116,357 244,744
543,251 786,184
CREDITORS
Amounts falling due within one year 7 427,806 553,397
NET CURRENT ASSETS 115,445 232,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

299,904

477,413

CREDITORS
Amounts falling due after more than one
year

8

(7,035

)

(17,375

)

PROVISIONS FOR LIABILITIES 11 (23,305 ) (34,137 )
NET ASSETS 269,564 425,901

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 269,464 425,801
SHAREHOLDERS' FUNDS 269,564 425,901

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

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

BORDER ENGINEERING LIMITED (REGISTERED NUMBER: 02128248)

BALANCE SHEET - continued
31 OCTOBER 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 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 11 July 2025 and were signed on its behalf by:




Mr A R Gerrard - Director Dr J M Mills OBE DL - Director




Mr S D Beer - Director


BORDER ENGINEERING LIMITED (REGISTERED NUMBER: 02128248)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2024

1. STATUTORY INFORMATION

Border Engineering 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 presentation currency of the financial statements is the Pound Sterling (£).


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

In respect of contracts for ongoing services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover is recognised by reference to the stage of completion of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Long leasehold - 5% on cost
Laser cutter and pressbrake - 15% on cost and 10% on cost
Plant and machinery - 15% on cost and 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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.

BORDER ENGINEERING LIMITED (REGISTERED NUMBER: 02128248)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Grants received
Government grants are recognised at fair value when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Grants related to the purchase of assets are treated as deferred income and allocated to profit and loss account over the useful lives of the related assets. Grants related to expenses are treated as other income on the profit and loss account.

Stocks
Stock is initially measured and recognised at cost. After initial recognition, stock is measured at the lower of cost and net realiseable value. Stock includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition, along with work in progress recognised at cost plus a fair and reasonable proportion of overheads.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Laser
Improvements cutter
to Long and Plant and
property leasehold pressbrake machinery
£    £    £    £   
COST
At 1 November 2023 43,069 46,043 561,794 331,612
Additions - - - -
At 31 October 2024 43,069 46,043 561,794 331,612
DEPRECIATION
At 1 November 2023 25,841 14,283 460,220 264,744
Charge for year 4,307 2,303 39,273 8,279
At 31 October 2024 30,148 16,586 499,493 273,023
NET BOOK VALUE
At 31 October 2024 12,921 29,457 62,301 58,589
At 31 October 2023 17,228 31,760 101,574 66,868

BORDER ENGINEERING LIMITED (REGISTERED NUMBER: 02128248)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 18,067 99,377 9,993 1,109,955
Additions 500 - - 500
At 31 October 2024 18,567 99,377 9,993 1,110,455
DEPRECIATION
At 1 November 2023 13,577 77,648 9,016 865,329
Charge for year 749 5,433 323 60,667
At 31 October 2024 14,326 83,081 9,339 925,996
NET BOOK VALUE
At 31 October 2024 4,241 16,296 654 184,459
At 31 October 2023 4,490 21,729 977 244,626

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 November 2023 90,000
Transfer to ownership (90,000 )
At 31 October 2024 -
DEPRECIATION
At 1 November 2023 44,789
Charge for year 5,030
Transfer to ownership (49,819 )
At 31 October 2024 -
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 45,211

5. STOCKS
2024 2023
£    £   
Closing stock and work in progress 17,050 17,050

BORDER ENGINEERING LIMITED (REGISTERED NUMBER: 02128248)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 371,586 494,054
Other debtors 138 600
Tax 7,500 -
Prepayments and accrued income 30,620 29,736
409,844 524,390

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,340 10,085
Hire purchase contracts (see note 9) - 3,238
Trade creditors 193,269 321,539
Corporation tax 24,715 39,567
Taxation and social security 71,215 78,624
Other creditors 35,686 30,264
Directors' loan accounts 68,167 28,585
Accruals and deferred income 24,414 41,495
427,806 553,397

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,035 10,340
Bank loans - 2-5 years - 7,035
7,035 17,375

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 3,238

Non-cancellable operating leases
2024 2023
£    £   
Within one year 131,789 131,789
Between one and five years 259,088 390,877
390,877 522,666

BORDER ENGINEERING LIMITED (REGISTERED NUMBER: 02128248)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 3,238
Loans from directors 40,000 -
40,000 3,238

The company's hire purchase contracts are secured over the assets to which they relate.

The directors Dr J Mills and Mr A Gerrard have a fixed charge over the Byspirit fiber laser cutter to cover all amounts of loan capital and interest unpaid, both present and future owed by the company.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Capital allowances 23,305 34,137

Deferred
tax
£   
Balance at 1 November 2023 34,137
Capital allowances (10,832 )
Balance at 31 October 2024 23,305

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
35 Ordinary A £1 35 35
35 Ordinary B £1 35 35
10 Ordinary D £1 10 10
10 Ordinary C £1 10 10
5 Ordinary E £1 5 5
5 Ordinary F £1 5 5
100 100

All classes of shares have the same voting rights and rank pari passu except for the right to receive dividends.