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COMPANY REGISTRATION NUMBER: 12933150
Borley Brothers Engineering Limited
Filleted Unaudited Financial Statements
For the period ended
28 February 2025
Borley Brothers Engineering Limited
Statement of Financial Position
28 February 2025
28 Feb 25
31 Aug 23
Note
£
£
£
£
Fixed assets
Tangible assets
5
58,908
122,972
Current assets
Debtors
6
58,267
506,119
Cash at bank and in hand
311,558
397,792
---------
---------
369,825
903,911
Creditors: amounts falling due within one year
7
1,009,930
872,809
------------
---------
Net current (liabilities)/assets
( 640,105)
31,102
---------
---------
Total assets less current liabilities
( 581,197)
154,074
Creditors: amounts falling due after more than one year
8
303,490
---------
---------
Net liabilities
( 581,197)
( 149,416)
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 581,198)
( 149,417)
---------
---------
Shareholders deficit
( 581,197)
( 149,416)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Borley Brothers Engineering Limited
Statement of Financial Position (continued)
28 February 2025
These financial statements were approved by the board of directors and authorised for issue on 4 July 2025 , and are signed on behalf of the board by:
Mr R C J Borley
Director
Company registration number: 12933150
Borley Brothers Engineering Limited
Notes to the Financial Statements
Period from 1 September 2023 to 28 February 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6&9 Church Road, Teversham, Cambridge, Cambridgeshire, CB1 9AZ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director notes that at the balance sheet date there was a deficiency of shareholders' funds of £581,197 and net current liabilities of £640,105. The director has received assurance from the holding company that it will not seek repayment of £197,270 until the company has sufficient funds. In addition, assurances have been received from other creditors, totalling £785,254, that they will also not require repayment until adequate funds are available. Therefore, the financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% straight line
Motor vehicles
-
25% straight line
Equipment
-
33% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 18 (2023: 24 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 September 2023
99,488
97,464
31,848
228,800
Additions
13,000
13,000
Disposals
( 11,887)
( 9,983)
( 6,535)
( 28,405)
---------
--------
--------
---------
At 28 February 2025
100,601
87,481
25,313
213,395
---------
--------
--------
---------
Depreciation
At 1 September 2023
33,286
56,717
15,825
105,828
Charge for the period
24,014
36,549
10,811
71,374
Disposals
( 6,634)
( 9,546)
( 6,535)
( 22,715)
---------
--------
--------
---------
At 28 February 2025
50,666
83,720
20,101
154,487
---------
--------
--------
---------
Carrying amount
At 28 February 2025
49,935
3,761
5,212
58,908
---------
--------
--------
---------
At 31 August 2023
66,202
40,747
16,023
122,972
---------
--------
--------
---------
6. Debtors
28 Feb 25
31 Aug 23
£
£
Trade debtors
41,225
444,584
Other debtors
17,042
61,535
--------
---------
58,267
506,119
--------
---------
7. Creditors: amounts falling due within one year
28 Feb 25
31 Aug 23
£
£
Trade creditors
8,952
57,293
Amounts owed to group undertakings
197,270
197,270
Social security and other taxes
9,767
75,388
Other creditors
793,941
542,858
------------
---------
1,009,930
872,809
------------
---------
8. Creditors: amounts falling due after more than one year
28 Feb 25
31 Aug 23
£
£
Other creditors
303,490
----
---------
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:
28 Feb 25
31 Aug 23
£
£
Included in debtors (note 6)
11,760
----
--------
The deferred tax account consists of the tax effect of timing differences in respect of:
28 Feb 25
31 Aug 23
£
£
Accelerated capital allowances
22,712
Unused tax losses
( 33,704)
Pension plan obligations
( 768)
----
--------
(11,760)
----
--------