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REGISTERED NUMBER: 03279745 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Horton & Armitage Limited

Horton & Armitage Limited (Registered number: 03279745)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Horton & Armitage Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: P S Bussan





REGISTERED OFFICE: Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS





REGISTERED NUMBER: 03279745 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Horton & Armitage Limited (Registered number: 03279745)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 999 999
Tangible assets 5 187,398 466,344
188,397 467,343

CURRENT ASSETS
Stocks 406,807 750,000
Debtors 6 576,673 338,299
Cash at bank 61 165,492
983,541 1,253,791
CREDITORS
Amounts falling due within one year 7 (1,045,609 ) (807,648 )
NET CURRENT (LIABILITIES)/ASSETS (62,068 ) 446,143
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,329

913,486

CREDITORS
Amounts falling due after more than one
year

8

(533,286

)

(631,649

)

PROVISIONS FOR LIABILITIES 9 - (42,578 )
NET (LIABILITIES)/ASSETS (406,957 ) 239,259

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (407,157 ) 239,059
SHAREHOLDERS' FUNDS (406,957 ) 239,259

Horton & Armitage Limited (Registered number: 03279745)

Statement of Financial Position - continued
30 November 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 16 August 2024 and were signed by:





P S Bussan - Director


Horton & Armitage Limited (Registered number: 03279745)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Horton & Armitage 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
The accounts have been prepared on a going concern basis and the directors have pledged their support for the foreseeable future.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 10% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Horton & Armitage Limited (Registered number: 03279745)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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 22 (2022 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 999
NET BOOK VALUE
At 30 November 2023 999
At 30 November 2022 999

5. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 December 2022 238,280 500 563,782
Disposals (238,280 ) - -
At 30 November 2023 - 500 563,782
DEPRECIATION
At 1 December 2022 - - 369,029
Charge for year - - 32,827
At 30 November 2023 - - 401,856
NET BOOK VALUE
At 30 November 2023 - 500 161,926
At 30 November 2022 238,280 500 194,753

Horton & Armitage Limited (Registered number: 03279745)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 29,945 22,142 39,980 894,629
Disposals - - - (238,280 )
At 30 November 2023 29,945 22,142 39,980 656,349
DEPRECIATION
At 1 December 2022 11,660 14,005 33,591 428,285
Charge for year 1,829 2,035 3,975 40,666
At 30 November 2023 13,489 16,040 37,566 468,951
NET BOOK VALUE
At 30 November 2023 16,456 6,102 2,414 187,398
At 30 November 2022 18,285 8,137 6,389 466,344

The freehold property was bought by the company in August 2014 for £230,000. and sold in December 2022.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 309,926 317,160
Other debtors 266,475 20,475
Prepayments 272 664
576,673 338,299

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 82,968 47,114
Hire purchase contracts 30,743 36,839
Trade creditors 508,585 471,413
Tax 73,579 69,814
Social security and other taxes 38,566 30,614
VAT 196,788 81,969
Other creditors 108,900 64,660
Accrued expenses 5,480 5,225
1,045,609 807,648

Horton & Armitage Limited (Registered number: 03279745)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 55,289 51,019
Bank loans - 2-5 years 113,524 168,814
Hire purchase contracts 43,290 74,034
Directors' loan accounts 321,183 337,782
533,286 631,649

9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax - 42,578

Deferred
tax
£   
Balance at 1 December 2022 42,578
Credit to Statement of Income and Retained Earnings during year (42,578 )
Provision in year
Balance at 30 November 2023 -

10. ULTIMATE CONTROLLING PARTY

Mr P S Bussan controls the company.