Registered number
09168835
Horizon MOT Centre Ltd
Filleted Accounts
31 August 2023
Horizon MOT Centre Ltd
Registered number: 09168835
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 15,356 9,486
Current assets
Debtors 4 3,372 4,035
Cash at bank and in hand 82,227 93,316
85,599 97,351
Creditors: amounts falling due within one year 5 (6,182) (12,293)
Net current assets 79,417 85,058
Total assets less current liabilities 94,773 94,544
Provisions for liabilities (445) (445)
Net assets 94,328 94,099
Capital and reserves
Called up share capital - 100
Dividend - Robert Jnr (10,000) (5,000)
Dividend - Shaun (5,000) (4,000)
Profit and loss account 109,328 102,999
Shareholders' funds 94,328 94,099
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Robert Spinks
Director
Approved by the board on 16 November 2023
Horizon MOT Centre Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Debtors
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.
Creditors
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2022 31,919 22,227 54,146
Additions 10,995 - 10,995
At 31 August 2023 42,914 22,227 65,141
Depreciation
At 1 September 2022 25,862 18,798 44,660
Charge for the year 4,268 857 5,125
At 31 August 2023 30,130 19,655 49,785
Net book value
At 31 August 2023 12,784 2,572 15,356
At 31 August 2022 6,057 3,429 9,486
4 Debtors 2023 2022
£ £
Trade debtors 3,372 4,035
5 Creditors: amounts falling due within one year 2023 2022
£ £
Finance leases/HP 81 566
Bank loans and overdrafts 1,195 -
Taxation and social security costs (2,563) 4,258
Other creditors 7,469 7,469
6,182 12,293
6 Other information
Horizon MOT Centre Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1, Sutton Road
Horizon Estate
Catfield
Great Yarmouth
Norfolk NR29 5BG
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