Registered number
11954824
Horizon Installation Limited
Filleted Accounts
31 March 2024
Horizon Installation Limited
Registered number: 11954824
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 40,419 80,617
Current assets
Debtors 4 174,486 142,082
Cash at bank and in hand 403,307 129,605
577,793 271,687
Creditors: amounts falling due within one year 5 (140,863) (87,725)
Net current assets 436,930 183,962
Total assets less current liabilities 477,349 264,579
Creditors: amounts falling due after more than one year 6 (19,657) (38,022)
Net assets 457,692 226,557
Capital and reserves
Called up share capital 100 100
Profit and loss account 457,592 226,457
Shareholders' funds 457,692 226,557
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.
Florin Alexandru
Director
Approved by the board on 2 September 2024
Horizon Installation Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Functional and presentation currency
The financial statements of the company are measured and presented in the currency of the primary economic environment in which the company operates, the functional currency. The financial statements are presented in Pound sterling (£), which is the company’s functional currency.
Employee benefits
Short-term employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Post-employment defined contribution plans
Amounts in respect of defined contributions plans are recognised as an expense as they are incurred.

Termination benefits
Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.
Going concern
The financial statements have been prepared on the basis that the company will receive continued financial support from bank and directors and has adequate resources to continue in operational existence for the foreseeable future.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures, fittings, tools and equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2023 2,287 105,686 107,973
Additions 2,061 - 2,061
Disposals - (32,156) (32,156)
At 31 March 2024 4,348 73,530 77,878
Depreciation
At 1 April 2023 1,079 26,277 27,356
Charge for the year 653 9,450 10,103
At 31 March 2024 1,732 35,727 37,459
Net book value
At 31 March 2024 2,616 37,803 40,419
At 31 March 2023 1,208 79,409 80,617
4 Debtors 2024 2023
£ £
Trade debtors - 48,616
Other debtors 174,486 93,466
174,486 142,082
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 4,959
Obligations under finance lease and hire purchase contracts 13,556 7,301
Trade creditors 351 3,265
Taxation and social security costs 96,155 40,526
Other creditors 30,801 31,674
140,863 87,725
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 10,878
Obligations under finance lease and hire purchase contracts 19,657 27,144
19,657 38,022
7 Related party transactions
Included within other creditors is a directors' loan of £17,520 (2023 - £13,030).
8 Controlling party
The directors do not consider there to be an ultimate controlling party.
9 Other information
Horizon Installation Limited is a private company limited by shares and incorporated in England. Its registered office is:
160 Dagnam Park Drive
Romford
Essex
RM3 9RT
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