Boundary Group Limited - Accounts to registrar (filleted) - small 23.2.5

BOUNDARY GROUP LIMITED - Company Information

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REGISTERED NUMBER: 00998730 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2023

for

Boundary Group Limited

Page

Company Information

Balance Sheet

Notes to the Financial Statements

DIRECTORS:

J Rimmer

R Rimmer

S Rimmer

SECRETARY:

R F 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

3,579,218

4,850,290

Investments

952

3,579,218

4,851,242

CURRENT ASSETS

Debtors

1,280,953

1,520,115

Cash in hand

10,794

1,280,953

1,530,909

CREDITORS

Amounts falling due within one year

2,705,477

3,036,191

NET CURRENT LIABILITIES

(1,424,524

)

(1,505,282

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,154,694

3,345,960

CREDITORS

Amounts falling due after more than one
year

(1,369,346

)

(2,426,449

)

PROVISIONS FOR LIABILITIES

(15,997

)

(15,997

)

NET ASSETS

769,351

903,514

CAPITAL AND RESERVES

Called up share capital

22,504

Share premium

11,082

Capital redemption reserve

7,500

Retained earnings

728,265

862,428

769,351

903,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 26 March 2024 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, 15% on cost and at varying rates 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 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.

The Directors are however mindful of current forecasts for capital expenditure and in determining the level of any deferred tax provision, have taken account of any expected timing difference reversals.

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 (2022 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

COST

At 1 October 2022

6,682,585

Additions

137,140

Disposals

(1,280,063

)

At 30 September 2023

5,539,662

DEPRECIATION

At 1 October 2022

1,832,295

Charge for year

696,325

Eliminated on disposal

(568,176

)

At 30 September 2023

1,960,444

NET BOOK VALUE

At 30 September 2023

3,579,218

At 30 September 2022

4,850,290

5.	FIXED ASSET INVESTMENTS

Other

investments

COST

At 1 October 2022

952

Disposals

(952

)

At 30 September 2023

NET BOOK VALUE

At 30 September 2023

At 30 September 2022

952

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

Trade debtors

40,543

486,682

Amounts owed by group undertakings

1,119,234

915,586

Other debtors

121,176

117,847

1,280,953

1,520,115

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

Bank loans and overdrafts

59,678

62,576

Hire purchase contracts

1,676,693

Trade creditors

55,246

85,244

Amounts owed to group undertakings

830,547

1,128,925

Taxation and social security

63,814

49,917

Other creditors

19,499

32,836

2,705,477

3,036,191

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.9.23

30.9.22

Hire purchase contracts

1,369,346

2,426,449

9.	RELATED PARTY DISCLOSURES

At the year ended 30 September 2023 the following amounts were outstanding to companies within the same group:

30.09.23

30.09.22

Debtors

Boundary Plant Hire Limited - Trade debtor

30,000

256,573

Boundary Group Properties Limited - Trade debtor

Boundary Plant Refurbishment Limited - Trade debtor

43,766

Boundary Plant Sales Limited - Trade debtor

186,262

Boundary Group - Trade Debtor

Boundary Plant - Trade Debtor

10,466

Boundary Group Holdings - Loan

843,239

813,014

Boundary Plant Refurbishments Limited - Loan

274,297

102,572

Boundary Plant Sales Limited - Loan

1,698

Creditors

Boundary Plant Refurbishment Limited - Trade creditor

2,220

Boundary Plant Sales Limited - Trade creditor

56,202

Boundary Group Holdings Limited - Trade creditor

4,328

1,230

Boundary Plant Hire Limited- Trade creditor

15,109

Boundary Plant Sales Limited - Loan

225,125

Boundary Group Properties Limited - Loan

82,527

56,427

Boundary Plant Hire Limited - Loan

748,020

847,373

The company traded with Boundary Plant Hire Limited, including sales of £770,362.

Rents of £10,362 were paid to Boundary Group (Holdings) Limited during the year.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors