Registered number
07486112
Boundary Gate & Barrier (Contracts) Limited
Filleted Accounts
30 November 2024
Boundary Gate & Barrier (Contracts) Limited
Company Information
Directors
D A Cruickshank
N K Jackson
M Yeardley
A Locke
B T Jackson (appointed 10 February 2025)
R M Archer (appointed 10 February 2025)
Bankers
Virgin Money
17-21 Oxford Street
Bolton
BL1 1RD
Registered office
Unit 10 Meadow Lane Business Park
Meadow Lane
Breightmet
Bolton
BL2 6PT
Registered number
07486112
Boundary Gate & Barrier (Contracts) Limited
Registered number: 07486112
Balance Sheet
as at 30 November 2024 Restated
30 November 30 November
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 184,034 206,499
Current assets
Stocks 5 23,211 29,454
Debtors 6 1,676,049 1,401,102
Cash at bank and in hand 378,376 396,628
2,077,636 1,827,184
Creditors: amounts falling due within one year 7 (1,648,311) (1,342,194)
Net current assets 429,325 484,990
Total assets less current liabilities 613,359 691,489
Creditors: amounts falling due after more than one year 8 (24,666) (112,293)
Deferred income 9 (213,393) (211,982)
Deferred taxation 10 (43,421) (48,458)
Net assets 331,879 318,756
Capital and reserves
Called up share capital 100 100
Profit and loss account 331,779 318,656
Shareholders' funds 331,879 318,756
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N K Jackson
Director
Approved by the board on 29 August 2025
Boundary Gate & Barrier (Contracts) Limited
Statement of Changes in Equity
for the year ended 30 November 2024
Share Profit Total
capital and loss
account
£ £ £
At 1 December 2022 100 492,511 492,611
Profit for the financial year as previously stated 238,127 238,127
Dividends (200,000) (200,000)
At November 2023 100 530,638 530,738
Correction of prior year errors (note 2) (211,982) (211,982)
At 30 November 2023 (as restated) 100 318,656 318,756
At 1 December 2023 (as restated) 100 318,656 318,756
Profit for the financial year 313,123 313,123
Dividends (300,000) (300,000)
At 30 November 2024 100 331,779 331,879
Boundary Gate & Barrier (Contracts) Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment 15% straight line
Motor Vehicles 25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Prior year adjustment
The accounts have been restated to incorporate the impact of the incorrect recognition of income received prior to services being provided. The change has resulted in profits available for distribution at 30 November 2023 decreasing by £211,982.
Summary of prior year accounting impact
£
Reduction in Turnover Year Ending 30 November 2022 155,071
Reduction in Turnover Year Ending 30 November 2023 56,911
Reduction in Profits available for distribution as at 30 November 2023 211,982
Increase in Creditors Year Ending 30 November 2022 155,071
Increase in Creditors Year Ending 30 November 2023 211,982
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 52 44
4 Tangible fixed assets
Fixtures, fittings & equipment Motor vehicles Total
£ £ £
Cost
At 1 December 2023 141,107 175,391 316,498
Additions 46,794 - 46,794
At 30 November 2024 187,901 175,391 363,292
Depreciation
At 1 December 2023 76,874 33,125 109,999
Charge for the year 25,412 43,847 69,259
At 30 November 2024 102,286 76,972 179,258
Net book value
At 30 November 2024 85,615 98,419 184,034
At 30 November 2023 64,233 142,266 206,499
5 Stocks 2024 2023
£ £
Raw materials and consumables 23,211 29,454
23,211 29,454
6 Debtors 2024 2023
£ £
Trade debtors 1,452,814 1,222,534
Amounts owed by group undertakings 198,731 162,869
Prepayments and other debtors 24,504 15,699
1,676,049 1,401,102
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 38,056 53,333
Obligations under finance lease and hire purchase contracts 47,215 47,215
Trade creditors 603,088 618,921
Corporation tax 79,299 44,217
Other taxes and social security costs 500,091 373,344
Accruals 281,129 194,283
Other creditors 99,433 10,881
1,648,311 1,342,194
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 38,056
Obligations under finance lease and hire purchase contracts 24,666 74,237
24,666 112,293
9 Deferred income 2024 2023
£ £
Deferred income 213,393 211,982
213,393 211,982
10 Deferred taxation
£
At 1 December 2023 48,458
Charged to profit and loss (5,037)
At 30 November 2024 43,421
11 Controlling party
The company is a subsidiary of Boundary Gate & Barrier (Holdings) Limited, a company registered in England & Wales with the same registered address.
12 Other information
Boundary Gate & Barrier (Contracts) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 10 Meadow Lane Business Park
Meadow Lane
Breightmet
Bolton
BL2 6PT
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