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REGISTERED NUMBER: SC556132 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Borders Legal Limited

Borders Legal Limited (Registered number: SC556132)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Borders Legal Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr Ronald Andrew Hastings
Mr Ricky Thomas Hope
Mr Timothy Douglas Taylor





REGISTERED OFFICE: 15 The Square
Kelso
Roxburghshire
TD5 7HH





REGISTERED NUMBER: SC556132 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Borders Legal Limited (Registered number: SC556132)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 32,455 24,323

CURRENT ASSETS
Debtors 5 366,289 365,601
Cash at bank and in hand 266,188 440,590
632,477 806,191
CREDITORS
Amounts falling due within one year 6 248,066 318,380
NET CURRENT ASSETS 384,411 487,811
TOTAL ASSETS LESS CURRENT
LIABILITIES

416,866

512,134

PROVISIONS FOR LIABILITIES 8,000 6,000
NET ASSETS 408,866 506,134

CAPITAL AND RESERVES
Called up share capital 80 100
Capital redemption reserve 20 -
Retained earnings 408,766 506,034
SHAREHOLDERS' FUNDS 408,866 506,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Borders Legal Limited (Registered number: SC556132)

Balance Sheet - continued
31 March 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:




Mr Ronald Andrew Hastings - Director Mr Ricky Thomas Hope - Director




Mr Timothy Douglas Taylor - Director


Borders Legal Limited (Registered number: SC556132)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Borders Legal 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. In accordance with the principles of revenue recognition, income is recognised as the right to consideration obtained through performance of contractual obligations.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 5 years
Computer equipment - Straight line over 5 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Going concern
The directors have considered the company's financial position for a period of 12 months from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, these financial statements have been prepared on the going concern basis.

Borders Legal Limited (Registered number: SC556132)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 18 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2024 48,454
Additions 16,978
At 31 March 2025 65,432
DEPRECIATION
At 1 April 2024 24,131
Charge for year 8,846
At 31 March 2025 32,977
NET BOOK VALUE
At 31 March 2025 32,455
At 31 March 2024 24,323

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 136,305 197,943
Amounts owed by associates 84,921 -
Other debtors 145,063 167,658
366,289 365,601

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 4,589 4,087
Taxation and social security 204,530 225,035
Other creditors 38,947 89,258
248,066 318,380

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.25 31.3.24
£    £   
Within one year 9,104 -
Between one and five years 5,311 -
14,415 -

Borders Legal Limited (Registered number: SC556132)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. SECURED DEBTS

The Royal Bank of Scotland PLC holds a floating charge which covers all the property and undertakings of the company.