Registered number
07153580
BORDER BARS AND MARQUEES LIMITED
Filleted Accounts
31 December 2024
BORDER BARS AND MARQUEES LIMITED
Registered number: 07153580
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 36,737 46,810
Current assets
Stocks 225 225
Cash at bank and in hand 54,815 39,701
55,040 39,926
Creditors: amounts falling due within one year 4 (28,359) (22,993)
Net current assets 26,681 16,933
Total assets less current liabilities 63,418 63,743
Creditors: amounts falling due after more than one year 5 (25,768) (35,815)
Net assets 37,650 27,928
Capital and reserves
Called up share capital 1 1
Profit and loss account 37,649 27,927
Shareholder's funds 37,650 27,928
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
A Proudlove
Director
Approved by the board on 15 July 2025
BORDER BARS AND MARQUEES LIMITED
Notes to the Accounts
for the year ended 31 December 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:
Marquees and flooring 25% per annum of net book value
Plant and machinery 15% per annum of net book value
Motor vehicles 25% per annum of net book value
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 4
3 Tangible fixed assets
Marquees & Flooring Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 125,407 21,400 24,242 171,049
Additions 1,742 - - 1,742
At 31 December 2024 127,149 21,400 24,242 172,791
Depreciation
At 1 January 2024 90,418 18,178 15,643 124,239
Charge for the year 9,182 483 2,150 11,815
At 31 December 2024 99,600 18,661 17,793 136,054
Net book value
At 31 December 2024 27,549 2,739 6,449 36,737
At 31 December 2023 34,989 3,222 8,599 46,810
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,052 7,059
Trade creditors 289 -
Accruals and deferred income 3,814 2,916
Taxation and social security costs 17,204 13,018
28,359 22,993
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,296 10,376
Directors loans 22,472 25,439
25,768 35,815
6 Events after the reporting date
There were no material post balance sheet events up to the 15th July 2025, being the date of approval of the financial statements by the board of directors.
7 Other information
BORDER BARS AND MARQUEES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
54 High Street
Whitchurch
Shropshire
SY13 1BB
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