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REGISTERED NUMBER: 06515751 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Green Flash Horizon Limited

Green Flash Horizon Limited (Registered number: 06515751)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Green Flash Horizon Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: J P Hardcastle
M J Hardcastle
J Hardcastle





SECRETARY: P J Hardcastle





REGISTERED OFFICE: 5 Anglers Way
Lower Swanwick
Southampton
Hampshire
SO31 7JH





REGISTERED NUMBER: 06515751 (England and Wales)





ACCOUNTANTS: Roches Chartered Accountants
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

Green Flash Horizon Limited (Registered number: 06515751)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,860 16,686
Investments 5 51 51
19,911 16,737

CURRENT ASSETS
Stocks 6 850 235
Debtors 7 71,387 55,913
Cash at bank and in hand 3,272 3,850
75,509 59,998
CREDITORS
Amounts falling due within one year 8 80,286 56,844
NET CURRENT (LIABILITIES)/ASSETS (4,777 ) 3,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,134

19,891

CREDITORS
Amounts falling due after more than one
year

9

(11,343

)

(15,686

)

PROVISIONS FOR LIABILITIES (2,781 ) (3,170 )
NET ASSETS 1,010 1,035

CAPITAL AND RESERVES
Called up share capital 1,010 1,010
Retained earnings - 25
SHAREHOLDERS' FUNDS 1,010 1,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Green Flash Horizon Limited (Registered number: 06515751)

Balance Sheet - continued
28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:





J Hardcastle - Director


Green Flash Horizon Limited (Registered number: 06515751)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Green Flash Horizon 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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has considered and applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including trade and other creditors, bank loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted as at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt Instruments are subsequently carried at amortised cost, using the effective interest rate method.

Green Flash Horizon Limited (Registered number: 06515751)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 31,068
Additions 6,357
At 28 February 2023 37,425
DEPRECIATION
At 1 March 2022 14,382
Charge for year 3,183
At 28 February 2023 17,565
NET BOOK VALUE
At 28 February 2023 19,860
At 28 February 2022 16,686

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2022
and 28 February 2023 51
NET BOOK VALUE
At 28 February 2023 51
At 28 February 2022 51

6. STOCKS
28.2.23 28.2.22
£    £   
Stocks 850 235

Green Flash Horizon Limited (Registered number: 06515751)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Amounts owed by group undertakings 35,855 46,346
Amounts owed by associates - 6,270
Other debtors 35,532 3,297
71,387 55,913

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 4,343 4,236
Trade creditors 4,200 3,000
Amounts owed to associates 5,147 -
Taxation and social security 63,676 46,323
Other creditors 2,920 3,285
80,286 56,844

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 11,343 15,686