REGISTERED NUMBER: SC709976 (Scotland)

No Borders IHL Ltd

Unaudited Financial Statements

for the year ended

30th September 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

to

5

Director:

S Wilkinson

Registered office:

177 Galashiels Road

Stow

TD1 2RE

Registered number:

SC709976 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

1,820

2,634

Current assets

Debtors

5

10,477

3,140

Cash at bank

1,750

1,668

12,227

4,808

Creditors

Amounts falling due within one year

6

18,166

8,977

Net current liabilities

(5,939

)

(4,169

)

Total assets less current liabilities

(4,119

)

(1,535

)

Provisions for liabilities

346

500

Net liabilities

(4,465

)

(2,035

)

Capital and reserves

Called up share capital

100

100

Retained earnings

(4,565

)

(2,135

)

(4,465

)

(2,035

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th May 2026 and were signed by:

S Wilkinson - Director

1.	Statutory information

No Borders IHL Ltd 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Office equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, accruals, directors' loans and hire purchase creditors.

Hire purchase contracts 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.

Trade debtors, directors' loans (being repayable on demand) 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 Statement of Income and Retained Earnings.

Taxation

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

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.

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 Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern

As set out in the strategic report, the director has identified some economic factors which have impacted the business' performance and profitability in the year. The director is aware of the risks of these factors and he is actively reviewing operations to implement change to ensure the long term profitability and viability of the company is not compromised.

As a result of this he has a reasonable expectation that the company has adequate resources to continue in operational existence for the forseable future. Thus, he continues to adopt the going concern basis of accounting in preparing the financial statements.

3.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

4.	Tangible fixed assets

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

Cost

At 1st October 2024

and 30th September 2025

926

2,867

3,793

Depreciation

At 1st October 2024

442

717

1,159

Charge for year

97

717

814

At 30th September 2025

539

1,434

1,973

Net book value

At 30th September 2025

387

1,433

1,820

At 30th September 2024

484

2,150

2,634

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

9,839

2,920

Other debtors

638

220

10,477

3,140

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Hire purchase contracts

301

1,556

Taxation and social security

1,546

(89

)

Other creditors

16,319

7,510

18,166

8,977

7.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

301

1,556

Hire purchase contracts are secured against the assets to which they relate.