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REGISTERED NUMBER: 03580310















Unaudited Financial Statements for the Year Ended 31 December 2021

for

HORIZON CONTRACTORS LTD

HORIZON CONTRACTORS LTD (REGISTERED NUMBER: 03580310)

Contents of the Financial Statements
for the Year Ended 31 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HORIZON CONTRACTORS LTD

Company Information
for the Year Ended 31 December 2021







DIRECTORS: R A Latto
Mrs A Latto





SECRETARY: Mrs A Latto





REGISTERED OFFICE: 153-155 London Road
Hemel Hempstead
Hertfordshire
HP3 9SQ





REGISTERED NUMBER: 03580310

HORIZON CONTRACTORS LTD (REGISTERED NUMBER: 03580310)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,598 3,199

CURRENT ASSETS
Debtors 5 76,787 65,351
Cash at bank and in hand 54,774 14,297
131,561 79,648
CREDITORS
Amounts falling due within one year 6 113,772 100,223
NET CURRENT ASSETS/(LIABILITIES) 17,789 (20,575 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,387

(17,376

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Capital redemption reserve 8 100 100
Retained earnings 8 43,187 (17,576 )
SHAREHOLDERS' FUNDS 43,387 (17,376 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 13 September 2022 and were signed on its behalf by:




R A Latto - Director


HORIZON CONTRACTORS LTD (REGISTERED NUMBER: 03580310)

Notes to the Financial Statements
for the Year Ended 31 December 2021


1. STATUTORY INFORMATION

Horizon Contractors Ltd 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 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.
Freehold property - 2% on cost
Motor vehicles - 25% on cost

Hire purchase and leasing commitments
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.

Going concern
After reviewing the company's forecasts in the light of the Covid-19 pandemic, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.The company, therefore, continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

HORIZON CONTRACTORS LTD (REGISTERED NUMBER: 03580310)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2021 5,000 3,438 - 8,438
Additions - - 29,999 29,999
At 31 December 2021 5,000 3,438 29,999 38,437
DEPRECIATION
At 1 January 2021 1,800 3,439 - 5,239
Charge for year 100 - 7,500 7,600
At 31 December 2021 1,900 3,439 7,500 12,839
NET BOOK VALUE
At 31 December 2021 3,100 (1 ) 22,499 25,598
At 31 December 2020 3,200 (1 ) - 3,199

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 76,787 65,351

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 33,658 25,674
Taxation and social security 65,217 59,415
Other creditors 14,897 15,134
113,772 100,223

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1 100 100

HORIZON CONTRACTORS LTD (REGISTERED NUMBER: 03580310)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2021 (17,576 ) 100 (17,476 )
Profit for the year 86,263 86,263
Dividends (25,500 ) (25,500 )
At 31 December 2021 43,187 100 43,287

The Capital Redemption Reserve is a non distributable reserve.

9. POST BALANCE SHEET EVENTS

The director has considered the risks and potential impact of the recent Covid-19 pandemic, which resulted in a lockdown, during the financial year.

The company provides services to the construction industry, which initially, had been operating at reduced levels when the lockdown started. However, these recovered to their former levels within a couple of months.

Whilst the Company made a small profit this year there remains a deficit on the Company’s reserves. The Directors have undertaken cashflow forecasts for the next 12 months, and, based on these are confident the Company will be able to continue for the foreseeable future. The Directors have therefore continued to prepare the financial statements on a going concern basis.