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REGISTERED NUMBER: 04348836 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2023

for

HORSTED SERVICES LIMITED

HORSTED SERVICES LIMITED (REGISTERED NUMBER: 04348836)

Contents of the Financial Statements
for the year ended 31 January 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


HORSTED SERVICES LIMITED

Company Information
for the year ended 31 January 2023







Directors: J J Haythorpe
A Delamain





Registered office: Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA





Registered number: 04348836 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Horsted Services Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Horsted Services Limited for the year ended 31 January 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Horsted Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Horsted Services Limited and state those matters that we have agreed to state to the Board of Directors of Horsted Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Horsted Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Horsted Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Horsted Services Limited. You consider that Horsted Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Horsted Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA


23 October 2023

HORSTED SERVICES LIMITED (REGISTERED NUMBER: 04348836)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 7,067 8,947

Current assets
Stocks 2,175 2,500
Debtors 5 211,396 73,236
Cash at bank 512,330 747,530
725,901 823,266
Creditors
Amounts falling due within one year 6 203,328 269,553
Net current assets 522,573 553,713
Total assets less current liabilities 529,640 562,660

Provisions for liabilities 7 1,406 1,365
Net assets 528,234 561,295

Capital and reserves
Called up share capital 8 805 805
Capital redemption reserve 195 195
Retained earnings 527,234 560,295
Shareholders' funds 528,234 561,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

HORSTED SERVICES LIMITED (REGISTERED NUMBER: 04348836)

Balance Sheet - continued
31 January 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by and authorised for issue by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





J J Haythorpe - Director


HORSTED SERVICES LIMITED (REGISTERED NUMBER: 04348836)

Notes to the Financial Statements
for the year ended 31 January 2023


1. Statutory information

Horsted Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

HORSTED SERVICES LIMITED (REGISTERED NUMBER: 04348836)

Notes to the Financial Statements - continued
for the year ended 31 January 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

3. Employees and directors

The average number of employees during the year was 9 (2022 - 10 ) .

HORSTED SERVICES LIMITED (REGISTERED NUMBER: 04348836)

Notes to the Financial Statements - continued
for the year ended 31 January 2023


4. Tangible fixed assets
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1 February 2022 26,474 7,917 39,282
Additions - - -
At 31 January 2023 26,474 7,917 39,282
Depreciation
At 1 February 2022 26,003 7,338 37,282
Charge for year 118 147 502
At 31 January 2023 26,121 7,485 37,784
Net book value
At 31 January 2023 353 432 1,498
At 31 January 2022 471 579 2,000

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 February 2022 12,439 90,873 176,985
Additions - 1,707 1,707
At 31 January 2023 12,439 92,580 178,692
Depreciation
At 1 February 2022 12,439 84,976 168,038
Charge for year - 2,820 3,587
At 31 January 2023 12,439 87,796 171,625
Net book value
At 31 January 2023 - 4,784 7,067
At 31 January 2022 - 5,897 8,947

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 37,574 52,939
Amounts recoverable on contract 151,615 -
Other debtors 22,207 20,297
211,396 73,236

HORSTED SERVICES LIMITED (REGISTERED NUMBER: 04348836)

Notes to the Financial Statements - continued
for the year ended 31 January 2023


6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 150,800 87,814
Taxation and social security 37,581 82,326
Other creditors 14,947 99,413
203,328 269,553

7. Provisions for liabilities
2023 2022
£    £   
Deferred tax 1,406 1,365

Deferred
tax
£   
Balance at 1 February 2022 1,365
Accelerated capital allowances 41
Balance at 31 January 2023 1,406

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
805 Ordinary 1 805 805

During the prior year the Company bought back 195 ordinary shares of £1 for £106,785, these shares were then cancelled.

9. Ultimate controlling party

During the year under review J Haythorpe was the ultimate controlling party.