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COMPANY REGISTRATION NUMBER: 04726762
New Boundaries Community Services Limited
Unaudited financial statements
For the year ended
31 March 2025
New Boundaries Community Services Limited
Statement of financial position
31 March 2025
2025
2024
Note
£
£
£
£
Fixed assets
Tangible assets
6
4,434,034
4,550,519
Investments
7
1
1
-----------
-----------
4,434,035
4,550,520
Current assets
Debtors
8
113,109
118,292
Cash at bank and in hand
132,001
152,865
---------
---------
245,110
271,157
Creditors: Amounts falling due within one year
9
( 295,629)
( 554,401)
---------
---------
Net current liabilities
( 50,519)
( 283,244)
-----------
-----------
Total assets less current liabilities
4,383,516
4,267,276
Creditors: Amounts falling due after more than one year
10
( 28,803)
( 46,147)
Provisions
Taxation including deferred tax
( 96,511)
( 86,070)
Accruals and deferred income
( 46,804)
( 64,648)
-----------
-----------
Net assets
4,211,398
4,070,411
-----------
-----------
Capital and reserves
Called up share capital
12
10,000
10,000
Profit and loss account
4,201,398
4,060,411
-----------
-----------
Shareholders funds
4,211,398
4,070,411
-----------
-----------
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 year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
New Boundaries Community Services Limited
Statement of financial position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 14 August 2025 , and are signed on behalf of the board by:
C Mauree
Director
Company registration number: 04726762
New Boundaries Community Services Limited
Notes to the financial statements
Year ended 31 March 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 Boundary House, Haveringland Road, Felthorpe, Norwich, Norfolk, NR10 4BZ.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts. Revenue from the provision of healthcare services is recognised when the service is rendered and the revenue can be reliably estimated.
Taxation
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 only recognised when 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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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
-
10% straight line
Fixtures and fittings
-
10% straight line
Motor vehicles
-
25% straight line
Equipment
-
20% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of employees during the year was 91 (2024: 89 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
100,000
---------
Amortisation
At 1 April 2024 and 31 March 2025
100,000
---------
Carrying amount
At 31 March 2025
---------
At 31 March 2024
---------
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost
At 1 April 2024
4,422,784
9,400
66,828
192,371
23,498
4,714,881
Additions
18,650
18,650
Disposals
( 94,987)
( 94,987)
-----------
------
-------
---------
-------
-----------
At 31 March 2025
4,327,797
9,400
85,478
192,371
23,498
4,638,544
-----------
------
-------
---------
-------
-----------
Depreciation
At 1 April 2024
9,400
15,982
124,490
14,490
164,362
Charge for the year
6,683
32,325
1,140
40,148
-----------
------
-------
---------
-------
-----------
At 31 March 2025
9,400
22,665
156,815
15,630
204,510
-----------
------
-------
---------
-------
-----------
Carrying amount
At 31 March 2025
4,327,797
62,813
35,556
7,868
4,434,034
-----------
------
-------
---------
-------
-----------
At 31 March 2024
4,422,784
50,846
67,881
9,008
4,550,519
-----------
------
-------
---------
-------
-----------
7. Investments
Shares in group undertakings
£
Cost
At 1 April 2024 and 31 March 2025
1
----
Impairment
At 1 April 2024 and 31 March 2025
----
Carrying amount
At 31 March 2025
1
----
At 31 March 2024
1
----
8. Debtors
2025
2024
£
£
Trade debtors
7,638
7,884
Prepayments and accrued income
105,471
102,331
Corporation tax repayable
8,077
---------
---------
113,109
118,292
---------
---------
9. Creditors: Amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
182,000
Trade creditors
60,409
101,370
Social security and other taxes
50,971
20,221
Other creditors
184,249
250,810
---------
---------
295,629
554,401
---------
---------
Included within Other creditors due within one year is a balance of £17,344 (2024: £15,585), relating to Hire Purchase liabilities which are secured on the assets financed.
10. Creditors: Amounts falling due after more than one year
2025
2024
£
£
Other creditors
28,803
46,147
-------
-------
Included within Other creditors due in more than one year is a balance of £28,803 (2024: £46,147), relating to Hire Purchase liabilities which are secured on the assets financed.
11. Government grants
The amounts recognised in the financial statements for government grants are as follows:
2025
2024
£
£
Recognised in other operating income:
Government grants recognised directly in income
756
756
----
----
12. Called up share capital
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary A shares of £ 1 each
8,000
8,000
8,000
8,000
Ordinary B shares of £ 1 each
1,000
1,000
1,000
1,000
Ordinary C shares of £ 1 each
1,000
1,000
1,000
1,000
-------
-------
-------
-------
10,000
10,000
10,000
10,000
-------
-------
-------
-------
13. Operating leases
As lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
2025
2024
£
£
Not later than 1 year
3,024
3,024
Later than 1 year and not later than 5 years
3,276
6,300
------
------
6,300
9,324
------
------
As lessor
The total future minimum lease payments receivable under non-cancellable operating leases are as follows:
2025
2024
£
£
Not later than 1 year
48,000
Later than 1 year and not later than 5 years
88,000
---------
----
136,000
---------
----