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Horace Ltd
Registered Number:09958185
For the year ended 31 January 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2023
Horace Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
09958185
As at 31 January 2023
Horace Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
21,318
4,270
2
21,318
4,270
Current assets
Trade and other receivables
9,735
2,245
3
39,564
Cash and cash equivalents
40,185
42,430
49,299
Trade and other payables: amounts falling due within one
year
(48,499)
(43,488)
4
800
(1,058)
Net current liabilities
Total assets less current liabilities
20,260
5,070
Trade and other payables: amounts falling due after more
than one year
(5,000)
(5,000)
5
15,260
Net assets
70
Capital and reserves
Called up share capital
1
1
Retained earnings
15,259
69
15,260
70
Shareholders' funds
For the year ended 31 January 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Harlon Hypolite Director
These financial statements were approved and authorised for issue by the Board on 23 October 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 January 2023
Horace Ltd
Notes to the Financial Statements
Statutory Information
Horace Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
09958185.
Registered address:
2 Hullbroom Cottages
Sporehams Lane, Danbury
Chelmsford
Essex
CM3 4AQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Computer
Equipment
Plant and
Machinery
Land and
Buildings
£
£
£
£
Cost or
valuation
At 01 February 2022
7,562
182
7,380
-
20,377
-
12,377
8,000
Additions
At 31 January 2023
8,000
19,757
182
27,939
Provision for depreciation and impairment
At 01 February 2022
3,292
181
3,111
-
Charge for year
3,329
-
3,329
-
At 31 January 2023
6,621
181
6,440
-
At 31 January 2023
Net book value
8,000
13,317
1
21,318
At 31 January 2022
-
4,269
1
4,270
3. Trade and other receivables
2022
2023
£
£
Trade debtors
2,234
8,702
Other debtors
11
1,033
9,735
2,245
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5
For the year ended 31 January 2023
Horace Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
16,000
20,000
Taxation and social security
25,054
26,749
Other creditors
2,434
1,750
43,488
48,499
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
5,000
5,000
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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