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

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


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REGISTERED NUMBER: 00998730 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2020

for

Boundary Group Limited

Boundary Group Limited (Registered number: 00998730)






Contents of the Financial Statements
for the Year Ended 30 September 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Boundary Group Limited


Company Information
for the Year Ended 30 September 2020







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

Boundary Group Limited (Registered number: 00998730)


Balance Sheet
30 September 2020

30.9.20 30.9.19
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 3,004,748 2,848,175
Investments 5 952 952
3,005,700 2,849,127

CURRENT ASSETS
Debtors 6 965,280 903,994
Cash at bank and in hand 80,037 3,964
1,045,317 907,958
CREDITORS
Amounts falling due within one year 7 1,000,386 1,164,380
NET CURRENT ASSETS/(LIABILITIES) 44,931 (256,422 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,050,631

2,592,705

CREDITORS
Amounts falling due after more than one year 8 (2,396,661 ) (1,973,669 )

PROVISIONS FOR LIABILITIES (15,997 ) (12,368 )
NET ASSETS 637,973 606,668

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 596,887 565,582
637,973 606,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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.

Boundary Group Limited (Registered number: 00998730)


Balance Sheet - continued
30 September 2020


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 29 June 2021 and were signed on its behalf by:





J Rimmer - Director


Boundary Group Limited (Registered number: 00998730)


Notes to the Financial Statements
for the Year Ended 30 September 2020

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 4 ) .

Boundary Group Limited (Registered number: 00998730)


Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 October 2019 3,589,182
Additions 906,856
Disposals (380,402 )
At 30 September 2020 4,115,636
DEPRECIATION
At 1 October 2019 741,007
Charge for year 369,881
At 30 September 2020 1,110,888
NET BOOK VALUE
At 30 September 2020 3,004,748
At 30 September 2019 2,848,175

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

Plant and
machinery
etc
£
COST
At 1 October 2019 3,099,105
Additions (3,099,105 )
At 30 September 2020 -
DEPRECIATION
At 1 October 2019 494,691
Charge for year (494,691 )
At 30 September 2020 -
NET BOOK VALUE
At 30 September 2020 -
At 30 September 2019 2,604,414

Boundary Group Limited (Registered number: 00998730)


Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 October 2019
and 30 September 2020 952
NET BOOK VALUE
At 30 September 2020 952
At 30 September 2019 952

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£ £
Trade debtors 137,591 64,219
Amounts owed by group undertakings 684,474 647,770
Other debtors 143,215 192,005
965,280 903,994

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£ £
Bank loans and overdrafts - 1,419
Hire purchase contracts 351,377 507,986
Trade creditors 76,433 57,929
Amounts owed to group undertakings 491,472 590,749
Taxation and social security 20,868 5,801
Other creditors 60,236 496
1,000,386 1,164,380

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.20 30.9.19
£ £
Hire purchase contracts 2,396,661 1,973,669

Boundary Group Limited (Registered number: 00998730)


Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2020 and 30 September 2019:

30.9.20 30.9.19
£ £
S Rimmer
Balance outstanding at start of year 17,036 -
Amounts advanced 10,747 17,036
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,783 17,036

The director's loan account was repaid within 9 months of the year end.

10. RELATED PARTY DISCLOSURES

As at 30/09/2020, the company was owed £42,837 (2019 - £40,867) by Boundary Group Properties Limited and £641,637 (2019 - £606,903) to Boundary Group Holdings Limited. Whilst the company owed £228,659 (2019 - £341,122) to Boundary Plant Sales Limited, £232,780 (2019 - £185,825) to Boundary Plant Hire Limited and £30,033 (2019 - £63,802) to Boundary Plant Refurbishment Limited.