Borough Junction Limited,Ltd - AccountsLtd - Accounts

Borough Junction Limited,Ltd - AccountsLtd - Accounts

BOROUGH JUNCTION LIMITED - Company Information

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2019-05-01 07820644 2020-04-30 07820644 2019-05-01 2020-04-30 07820644 2019-04-30 07820644 2018-05-01 2019-04-30 07820644 uk-core:WithinOneYear 2019-04-30 07820644 uk-core:WithinOneYear 2020-04-30 07820644 uk-core:AfterOneYear 2019-04-30 07820644 uk-core:AfterOneYear 2020-04-30 07820644 uk-core:ShareCapital 2020-04-30 07820644 uk-core:ShareCapital 2019-04-30 07820644 uk-core:RetainedEarningsAccumulatedLosses 2020-04-30 07820644 uk-core:RetainedEarningsAccumulatedLosses 2019-04-30 07820644 uk-bus:Director1 2019-05-01 2020-04-30 07820644 uk-core:OfficeEquipment 2019-05-01 2020-04-30 07820644 uk-core:WithinOneYear uk-core:Secured 2020-04-30 07820644 uk-core:WithinOneYear uk-core:Secured 2019-04-30 iso4217:GBP xbrli:pure 07820644 uk-bus:AuditExemptWithAccountantsReport 2019-05-01 2020-04-30 07820644 uk-bus:FRS102 2019-05-01 2020-04-30 07820644 uk-bus:FullAccounts 2019-05-01 2020-04-30 07820644 uk-bus:PrivateLimitedCompanyLtd 2019-05-01 2020-04-30
Borough Junction Limited
Registered Number:07820644
For the year ended 30 April 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2020
Borough Junction Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07820644
As at 30 April 2020
Borough Junction Limited
Statement of Financial Position
£
£
2019
2020
Notes
Current assets
Inventories
2,950,659
2,950,659
3
Trade and other receivables
237,342
168,133
4
924
Cash and cash equivalents
26,312
3,145,104
3,188,925
Trade and other payables: amounts falling due within one
year
(1,105,001)
(1,052,946)
5
2,083,924
2,092,158
Net current assets
Total assets less current liabilities
2,092,158
2,083,924
Trade and other payables: amounts falling due after more
than one year
(2,691,171)
(2,684,231)
6
(592,073)
Net liabilities
(607,247)
Capital and reserves
Called up share capital
200
200
Retained earnings
(592,273)
(607,447)
(592,073)
(607,247)
Shareholders' funds
For the year ended 30 April 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
R Kumar Director
These financial statements were approved and authorised for issue by the Board on 07 December 2020 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 April 2020
Borough Junction Limited
Notes to the Financial Statements
Statutory Information
Borough Junction Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07820644.
Registered address:
Top Floor
21 Foley Street
London
W1W 6DR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fittings and equipment
33.33% Straight line
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Property, plant and equipment
Fittings and
equipment
£
Cost or
valuation
At 01 May 2019
1,056
At 30 April 2020
1,056
Provision for depreciation and impairment
At 01 May 2019
1,056
At 30 April 2020
1,056
At 30 April 2020
Net book value
-
At 30 April 2019
-
2 of 3
5
For the year ended 30 April 2020
Borough Junction Limited
Notes to the Financial Statements Continued
3. Inventories
2019
2020
£
£
Stocks
2,950,659
2,950,659
4. Trade and other receivables
2019
2020
£
£
Amounts owed by group undertakings and participating interests
159,145
232,642
Other debtors
8,988
4,700
237,342
168,133
5. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Bank loans and overdraft (secured)
45,308
41,758
Other creditors
1,007,638
1,063,243
1,052,946
1,105,001
6. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Bank loans and overdraft (secured)
2,684,231
2,691,171
7. Average number of persons employed
During the year the average number of employees was 1 (2019 : 1)
3 of 3