| REGISTERED NUMBER: |
| Border Concrete Products Limited |
| Unaudited Financial Statements |
| for the Year Ended 31st December 2024 |
| REGISTERED NUMBER: |
| Border Concrete Products Limited |
| Unaudited Financial Statements |
| for the Year Ended 31st December 2024 |
| Border Concrete Products Limited (Registered number: SC029191) |
| Contents of the Financial Statements |
| for the year ended 31st December 2024 |
| Page |
| Company information | 1 |
| Balance sheet | 2 | to | 3 |
| Notes to the financial statements | 4 | to | 8 |
| Border Concrete Products Limited |
| Company Information |
| for the year ended 31st December 2024 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Academy House |
| Shedden Park Road |
| Kelso |
| Roxburghshire |
| TD5 7AL |
| Border Concrete Products Limited (Registered number: SC029191) |
| Balance Sheet |
| 31st December 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stocks |
| Debtors | 5 |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Revaluation reserve | 9 |
| Capital redemption reserve |
| Retained earnings |
| Shareholders' funds |
| Border Concrete Products Limited (Registered number: SC029191) |
| Balance Sheet - continued |
| 31st December 2024 |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Border Concrete Products Limited (Registered number: SC029191) |
| Notes to the Financial Statements |
| for the year ended 31st December 2024 |
| 1. | Statutory information |
| Border Concrete Products Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. |
| In respect of long term contracts and contracts for on-going services, turnover is recognised to the extent that the company obtains a right to consideration as contract activity progresses. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery | - |
| Bicycles | - |
| Motor vehicles | - |
| Office equipment | - |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
| Land and buildings are no longer being depreciated and are valued at market value. |
| Stocks |
| Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost included a relevant proportion of overheads according to the stage of completion. |
| Financial instruments |
| The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, hire purchase contracts, bank overdrafts, bank loans and directors' loans. |
| Hire purchase contracts and bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. |
| Directors' loans (being repayable on demand), trade debtors, bank overdrafts, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement. |
| Border Concrete Products Limited (Registered number: SC029191) |
| Notes to the Financial Statements - continued |
| for the year ended 31st December 2024 |
| 2. | Accounting policies - continued |
| 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. |
| 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. |
| 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 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. |
| Provisions |
| Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis. |
| Employee benefits |
| Short term employee benefits, including holiday pay, are recognised as an expense in the income statement, in the period in which they are incurred. |
| Going concern |
| The directors have considered the company's financial position for a period of 12 months and beyond 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, they continue to adopt the going concern basis in preparing these financial statements. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| Border Concrete Products Limited (Registered number: SC029191) |
| Notes to the Financial Statements - continued |
| for the year ended 31st December 2024 |
| 4. | Tangible fixed assets |
| Land and | Plant and |
| buildings | machinery | Bicycles |
| £ | £ | £ |
| Cost or valuation |
| At 1st January 2024 |
| Additions |
| Disposals |
| At 31st December 2024 |
| Depreciation |
| At 1st January 2024 |
| Charge for year |
| Eliminated on disposal |
| At 31st December 2024 |
| Net book value |
| At 31st December 2024 |
| At 31st December 2023 |
| Motor | Office |
| vehicles | equipment | Totals |
| £ | £ | £ |
| Cost or valuation |
| At 1st January 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31st December 2024 |
| Depreciation |
| At 1st January 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st December 2024 |
| Net book value |
| At 31st December 2024 |
| At 31st December 2023 |
| Cost or valuation at 31st December 2024 is represented by: |
| Land and | Plant and |
| buildings | machinery | Bicycles |
| £ | £ | £ |
| Valuation in 2023 | 600,000 | - | - |
| Cost | 78,295 | 447,878 | 1,589 |
| 678,295 | 447,878 | 1,589 |
| Border Concrete Products Limited (Registered number: SC029191) |
| Notes to the Financial Statements - continued |
| for the year ended 31st December 2024 |
| 4. | Tangible fixed assets - continued |
| Motor | Office |
| vehicles | equipment | Totals |
| £ | £ | £ |
| Valuation in 2023 | - | - | 600,000 |
| Cost | 109,662 | 56,685 | 694,109 |
| 109,662 | 56,685 | 1,294,109 |
| If land and buildings had not been revalued they would have been included at the following historical cost: |
| 2024 | 2023 |
| £ | £ |
| Cost | 78,295 | 78,295 |
| Aggregate depreciation | 78,295 | 78,295 |
| Land and buildings were valued on an open market basis on 31st December 2023 by Royal Bank of Scotland . |
| 5. | Debtors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | Creditors: amounts falling due after more than one year |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| Border Concrete Products Limited (Registered number: SC029191) |
| Notes to the Financial Statements - continued |
| for the year ended 31st December 2024 |
| 8. | Secured debts |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Bank overdrafts |
| Hire purchase contracts | 55,328 | 52,962 |
| Hire purchase contracts are secured against the assets to which they relate. |
| The Royal Bank of Scotland has a bond and floating charge over the undertaking and all property and assets present and future of the company including uncalled capital. |
| 9. | Reserves |
| Revaluation |
| reserve |
| £ |
| At 1st January 2024 |
| and 31st December 2024 |
| 10. | Directors' advances, credits and guarantees |
| Included within other debtors are the following loans to directors: |
| at 31 Dec | Amount | Amount | at 31 Dec |
| 2023 | Advanced | Repaid | 2024 |
| Director 1 | 87,736 | - | 2,370 | 85,366 |
| Director 2 | 42,777 | - | 6,706 | 36,071 |
| Director 3 | 39,013 | - | 5,374 | 33,639 |
| Total | 169,526 | - | 14,450 | 155,076 |
| These loans are unsecured, repayable on demand and interest has been charged at the official rates published by HMRC. |