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DAVIDSON HORIZON LTD

Registered Number
SC651761
(Scotland)

Unaudited Financial Statements for the Year ended
31 January 2023

DAVIDSON HORIZON LTD
Company Information
for the year from 1 February 2022 to 31 January 2023

Directors

DAVIDSON, Lyndsey
DAVIDSON, Neil

Registered Address

Mckellar Accountancy, Unit 3.2
1 Macdowall Street
Paisley
PA3 2NB

Registered Number

SC651761 (Scotland)
DAVIDSON HORIZON LTD
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets66,3814,471
6,3814,471
Current assets
Debtors31,36926,876
Cash at bank and on hand145,539107,871
176,908134,747
Creditors amounts falling due within one year8(62,105)(53,568)
Net current assets (liabilities)114,80381,179
Total assets less current liabilities121,18485,650
Provisions for liabilities9(1,212)(849)
Net assets119,97284,801
Capital and reserves
Called up share capital100100
Profit and loss account119,87284,701
Shareholders' funds119,97284,801
The financial statements were approved and authorised for issue by the Board of Directors on 13 September 2023, and are signed on its behalf by:
DAVIDSON, Neil
Director
Registered Company No. SC651761
DAVIDSON HORIZON LTD
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year22
6.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 February 225,5565,556
Additions3,6853,685
At 31 January 239,2419,241
Depreciation and impairment
At 01 February 221,0851,085
Charge for year1,7751,775
At 31 January 232,8602,860
Net book value
At 31 January 236,3816,381
At 31 January 224,4714,471
7.Debtors within one year

2023

2022

££
Trade debtors / trade receivables29,70326,633
Amounts owed by associates and joint ventures / participating interests4040
Other debtors1,626203
Total31,36926,876
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables7,5911,302
Taxation and social security53,80949,679
Other creditors7052,587
Total62,10553,568
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)1,212849
Total1,212849