Boundary Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00998730 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2021

for

Boundary Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Rimmer

R Rimmer

S Rimmer

SECRETARY:

R Rimmer

REGISTERED OFFICE:

Hammond Road

Knowsley Industrial Estate North

Liverpool

Merseyside

L33 7UL

REGISTERED NUMBER:

00998730 (England and Wales)

ACCOUNTANTS:

Haines Watts

3rd Floor Pacific Chambers

11-13 Victoria Street

Liverpool

Merseyside

L2 5QQ

FIXED ASSETS

Tangible assets

4

4,386,734

3,004,748

Investments

5

952

952

4,387,686

3,005,700

CURRENT ASSETS

Debtors

6

1,080,643

965,280

Cash at bank and in hand

61,254

80,037

1,141,897

1,045,317

CREDITORS

Amounts falling due within one year

7

2,486,912

1,000,386

NET CURRENT (LIABILITIES)/ASSETS

(1,345,015

)

44,931

TOTAL ASSETS LESS CURRENT LIABILITIES

3,042,671

3,050,631

CREDITORS

Amounts falling due after more than one year

8

(2,205,622

)

(2,396,661

)

PROVISIONS FOR LIABILITIES

(15,997

)

(15,997

)

NET ASSETS

821,052

637,973

CAPITAL AND RESERVES

Called up share capital

22,504

22,504

Share premium

11,082

11,082

Capital redemption reserve

7,500

7,500

Retained earnings

779,966

596,887

821,052

637,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 22 February 2022 and were signed on its behalf by:

J Rimmer - Director

1.	STATUTORY INFORMATION

Boundary Group 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.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost, 20% on cost and 15% on cost

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.

Deferred tax

Deferred tax has not been recognised in respect of timing differences, as any deferred tax provision will be offset against ongoing, annual reinvestment in tangible fixed assets.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Fixed asset investments

Investments in shares are initially measured at cost and subsequently measured as cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2020

4,115,636

Additions

2,443,844

Disposals

(778,604

)

At 30 September 2021

5,780,876

DEPRECIATION

At 1 October 2020

1,110,888

Charge for year

529,964

Eliminated on disposal

(246,710

)

At 30 September 2021

1,394,142

NET BOOK VALUE

At 30 September 2021

4,386,734

At 30 September 2020

3,004,748

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2020

and 30 September 2021

952

NET BOOK VALUE

At 30 September 2021

952

At 30 September 2020

952

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Trade debtors

105,458

137,591

Amounts owed by group undertakings

838,308

684,474

Other debtors

136,877

143,215

1,080,643

965,280

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Hire purchase contracts

1,676,693

351,377

Trade creditors

56,653

76,433

Amounts owed to group undertakings

710,514

491,472

Taxation and social security

28,946

20,868

Other creditors

14,106

60,236

2,486,912

1,000,386

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.21

30.9.20

£

£

Hire purchase contracts

2,205,622

2,396,661

9.	RELATED PARTY DISCLOSURES

As at 30/09/2021, the company was owed £43,573 (2020 - £42.837) by Boundary Group Properties Limited and £794,903 (2020 - £641,637) to Boundary Group Holdings Limited. Whilst the company owed £314,294 (2020 - £228,659) to Boundary Plant Sales Limited, £390,039 (2020 - £232,780) to Boundary Plant Hire Limited and £6,180 (2020 - £30,033) to Boundary Plant Refurbishment Limited.