BORDERS TECHNICAL TRAINING ASSOCIATION LTD


Directors	COLEMAN, Russell
	TURNBULL, Douglas Maxwell
	WILSON, Graham


Registered Address	Block 10, Unit 3, Tweedbank Industrial Estate, Tweedbank Industrial Estate
	Tweedbank
	Galashiels
	TD1 3RS


Registered Number	SC828128 (Scotland)

Statement of Financial Position
30 November 2025

	Notes	2025
		£	£
Fixed assets
Tangible assets	3		90,141
			90,141
Current assets
Debtors	4	56,691
Cash at bank and on hand		353,269
		409,960
Creditors amounts falling due within one year	5	(15,558)
Net current assets (liabilities)			394,402
Total assets less current liabilities			484,543
Net assets			484,543
Capital and reserves
Profit and loss account			484,543
Reserves			484,543

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 30 October 2026, and are signed on its behalf by:

COLEMAN, Russell
Director
Registered Company No. SC828128

BORDERS TECHNICAL TRAINING ASSOCIATION LTD

Notes to the Financial Statements
for the period ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by guarantee and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Turnover policy
	Income represents monies received from operational activities.

	Interest income
	Interest income represents monies received from operational activities. Interest income is recognised in profit or loss using the effective interest method.

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

	Defined contribution pension plan
	Contributions to the Company's pension scheme are charged to the Income and Expenditure Account in the period to which they relate. The Company has also undertaken to make contributions to the staff personal pension scheme. The contributions are charged to the Income Expenditure Account in the period which they relate.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Tangible fixed assets and depreciation

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. 

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	2
Office Equipment	50	-

	Trade and other 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.

Trade and other 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.

	Cash and cash equivalents
	Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignifcant risk of change in value.

	Trade and other 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.

	Financial instruments
	The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025
	Average number of employees during the year	2

3.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Total
	£	£	£
Cost or valuation
Additions	143,880	45,632	189,512
Disposals	(95,000)	-	(95,000)
At 30 November 25	48,880	45,632	94,512
Depreciation and impairment
Charge for year	2,851	1,520	4,371
At 30 November 25	2,851	1,520	4,371
Net book value
At 30 November 25	46,029	44,112	90,141
At 05 November 24	-	-	-


	The property at Newtown St Boswells was transferred into the company on incorporation at the open market value which was £95,000, and was subsequently sold on the 28th of March 2025. This resulted in no profit or loss on disposal of this asset.

4.	Debtors: amounts due within one year

		2025
		£
	Trade debtors / trade receivables	43,064
	Prepayments and accrued income	13,627
	Total	56,691

5.	Creditors: amounts due within one year

		2025
		£
	Taxation and social security	8,443
	Other creditors	1,115
	Accrued liabilities and deferred income	6,000
	Total	15,558

6.	Operating lease commitments
	At 30th November 2025 the company had future minimum lease payments under non-cancellable operating leases of £117,591

7.	Further information regarding the company's financial position
	On incorporation, the trade, assets and liabilities of the predecessor members' association were transferred into the new entity at their net book value amounting to £519,900. This transfer created a Capital Contribution Reserve which is included within reserves at the year end date.

8.	Change in reporting period and impact on comparability
	The financial statements are prepared for the period from 4 November 2024 to 30 November 2025. This is the company's first accounting period and accordingly no comparative figures are presented. The period is longer than 12 months as a consequence of the accounting reference date being set at 30 November.