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Company Registration No. 06297406 (England and Wales)
Horizon Research & Consulting Limited Unaudited accounts for the year ended 31 December 2023
Horizon Research & Consulting Limited Unaudited accounts Contents
Page
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Horizon Research & Consulting Limited Company Information for the year ended 31 December 2023
Director
Mr James Matthew Crosland
Company Number
06297406 (England and Wales)
Registered Office
Riverside Mountbatten Way Congleton Cheshire CW12 1DY
Accountants
Paul Austen Associates Ltd Riverside Mountbatten Way Congleton Cheshire CW12 1DY
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Horizon Research & Consulting Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,559 
26,623 
Current assets
Debtors
807,990 
537,083 
Cash at bank and in hand
674,792 
726,552 
1,482,782 
1,263,635 
Creditors: amounts falling due within one year
(756,049)
(799,829)
Net current assets
726,733 
463,806 
Net assets
747,292 
490,429 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
747,192 
490,329 
Shareholders' funds
747,292 
490,429 
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 September 2024 and were signed on its behalf by
Mr James Matthew Crosland Director Company Registration No. 06297406
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Horizon Research & Consulting Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Horizon Research & Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 06297406. The registered office is Riverside, Mountbatten Way, Congleton, Cheshire, CW12 1DY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
9,158 
32,438 
41,596 
Additions
1,389 
- 
1,389 
At 31 December 2023
10,547 
32,438 
42,985 
Depreciation
At 1 January 2023
6,863 
8,110 
14,973 
Charge for the year
921 
6,532 
7,453 
At 31 December 2023
7,784 
14,642 
22,426 
Net book value
At 31 December 2023
2,763 
17,796 
20,559 
At 31 December 2022
2,295 
24,328 
26,623 
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Horizon Research & Consulting Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
789,366 
531,015 
Other debtors
6,068 
6,068 
795,434 
537,083 
Amounts falling due after more than one year
Accrued income and prepayments
12,556 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
178,414 
44,590 
Trade creditors
76,443 
95,869 
Taxes and social security
93,724 
12,465 
Other creditors
- 
360,000 
Loans from directors
- 
(116)
Accruals
10,789 
10,789 
Deferred income
396,679 
276,232 
756,049 
799,829 
7
Controlling party
Parent Undertaking is James Crossland Limited, c/o Paul Austen Associates Ltd, Riverside, Mountbatten Way, Congleton, Cheshire, CW12 1DY
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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