REGISTERED NUMBER: 02436151 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Borough Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D M Coombes

D Brereton

N D Coombes

A U Chaudhry

SECRETARY:

D M Coombes

REGISTERED OFFICE:

65 Progress Road

Leigh on Sea

Essex

SS9 5JT

REGISTERED NUMBER:

02436151 (England and Wales)

ACCOUNTANTS:

City, Chartered Accountants

Suite 540, 5th Floor,

Linen Hall

162- 168 Regent Street

London

W1B 5TF

FIXED ASSETS

Intangible assets

4

116,250

116,250

Tangible assets

5

625,828

796,491

742,078

912,741

CURRENT ASSETS

Stocks

562,462

648,259

Debtors

6

1,161,800

1,703,802

Cash at bank and in hand

76,239

114,343

1,800,501

2,466,404

CREDITORS

Amounts falling due within one year

7

(1,339,749

)

(1,791,903

)

NET CURRENT ASSETS

460,752

674,501

TOTAL ASSETS LESS CURRENT LIABILITIES

1,202,830

1,587,242

CREDITORS

Amounts falling due after more than one year

8

(30,564

)

(92,218

)

NET ASSETS

1,172,266

1,495,024

CAPITAL AND RESERVES

Called up share capital

278,400

278,400

Share premium

10

37,807

37,807

Other reserves

10

261,600

261,600

Retained earnings

10

594,459

917,217

SHAREHOLDERS' FUNDS

1,172,266

1,495,024

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.

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 1 September 2025 and were signed on its behalf by:

D M Coombes - Director

1.	STATUTORY INFORMATION

Borough Limited is a private company, limited by shares , registered in England and Wales. 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Imprvmts to leasehold premises

-

Over period of the lease

Plant and machinery

-

5 % to 20 %

Fixtures and fittings

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2024 - 62 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

116,250

NET BOOK VALUE

At 31 March 2025

116,250

At 31 March 2024

116,250

5.	TANGIBLE FIXED ASSETS

Imprvmts

to

Fixtures

leasehold

Plant and

and

premises

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2024

36,421

3,007,461

1,106,192

4,150,074

Additions

-

5,250

2,128

7,378

At 31 March 2025

36,421

3,012,711

1,108,320

4,157,452

DEPRECIATION

At 1 April 2024

30,946

2,490,005

832,632

3,353,583

Charge for year

1,380

117,083

59,578

178,041

At 31 March 2025

32,326

2,607,088

892,210

3,531,624

NET BOOK VALUE

At 31 March 2025

4,095

405,623

216,110

625,828

At 31 March 2024

5,475

517,456

273,560

796,491

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2024

-

148,966

148,966

Additions

5,250

-

5,250

Transfer to ownership

-

(34,395

)

(34,395

)

At 31 March 2025

5,250

114,571

119,821

DEPRECIATION

At 1 April 2024

-

28,775

28,775

Charge for year

525

1,944

2,469

Transfer to ownership

-

(30,719

)

(30,719

)

At 31 March 2025

525

-

525

NET BOOK VALUE

At 31 March 2025

4,725

114,571

119,296

At 31 March 2024

-

120,191

120,191

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

675,478

1,163,127

Other debtors

486,322

540,675

1,161,800

1,703,802

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

40,924

40,910

Hire purchase contracts (see note 9)

25,530

26,758

Trade creditors

380,987

542,854

Taxation and social security

262,761

447,223

Other creditors

629,547

734,158

1,339,749

1,791,903

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

6,810

47,748

Hire purchase contracts (see note 9)

23,754

44,470

30,564

92,218

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

25,530

26,758

Between one and five years

23,754

44,470

49,284

71,228

10.

RESERVES

Retained

Share

Other

earnings

premium

reserves

Totals

£

£

£

£

At 1 April 2024

917,217

37,807

261,600

1,216,624

Deficit for the year

(322,758

)

-

-

(322,758

)

At 31 March 2025

594,459

37,807

261,600

893,866

11.	RELATED PARTY DISCLOSURES

At the year end, ND Coombes owed the Company £13,817 (2024 - £11,785). This is to be repaid within 9 months of the year end.

At the year end, A Chaudhry owed the Company £1,800 (2024 - £Nil). This is to be repaid within 9 months of the year end.

12.	OUTSTANDING CHARGES

At the year end, the Company had 3 outstanding charges. An additional charge was created after the year end on 29 April 2025.