Boundary Plant Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 03998177

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Boundary Plant Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Rimmer

S Whiteside

SECRETARY:

J Rimmer

REGISTERED OFFICE:

Hammond Road

Knowsley Industrial Park North

Liverpool

L33 7UL

REGISTERED NUMBER:

03998177

ACCOUNTANTS:

Haines Watts

3rd Floor Pacific Chambers

11-13 Victoria Street

Liverpool

Merseyside

L2 5QQ

FIXED ASSETS

Tangible assets

4

2,297,752

2,226,302

CURRENT ASSETS

Stocks

122,799

180,648

Debtors

1,153,536

982,445

Cash at bank and in hand

35,263

24,099

1,311,598

1,187,192

CREDITORS

Amounts falling due within one year

1,989,283

1,848,174

NET CURRENT LIABILITIES

(677,685

)

(660,982

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,620,067

1,565,320

CREDITORS

Amounts falling due after more than one year

(1,259,410

)

(1,262,871

)

PROVISIONS FOR LIABILITIES

(240,079

)

(259,966

)

NET ASSETS

120,578

42,483

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

120,576

42,481

SHAREHOLDERS' FUNDS

120,578

42,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 21 June 2017 and were signed on its behalf by:

R Rimmer - Director

1.	STATUTORY INFORMATION

Boundary Plant Limited is a private company, limited by shares , registered in Not specified/Other. 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 the provisions of Section 1A "Small Entities" 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 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 27 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

3,983,638

Additions

803,548

Disposals

(1,109,408

)

At 31 December 2016

3,677,778

DEPRECIATION

At 1 January 2016

1,757,336

Charge for year

394,273

Eliminated on disposal

(771,583

)

At 31 December 2016

1,380,026

NET BOOK VALUE

At 31 December 2016

2,297,752

At 31 December 2015

2,226,302

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

Totals

£

COST

At 1 January 2016

2,383,691

Additions

790,650

Disposals

(495,116

)

At 31 December 2016

2,679,225

DEPRECIATION

At 1 January 2016

473,632

Charge for year

303,524

Eliminated on disposal

(156,052

)

At 31 December 2016

621,104

NET BOOK VALUE

At 31 December 2016

2,058,121

At 31 December 2015

1,910,059

5.	RELATED PARTY DISCLOSURES

The company gave a dividend of Nil (2015: £300,000) to it's related party - Boundary Group Limited which

holds 100% shares in the company.

As at 31/12/16, the company owed £746,266 to Boundary Plant Sales Ltd and was owed £16,041 from Boundary

Group (Properties) Ltd and £355,051.50 from Boundary Group Ltd.