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Company registration number: 06182924
Building Horizons Limited
Unaudited filleted financial statements
31 March 2024
Building Horizons Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Building Horizons Limited
Directors and other information
Director Gordon Anthony Critchlow
Company number 06182924
Registered office The Link
49 Efrra Road
London
SW2 1BZ
Bankers Lloyds TSB Bank PLc
2 George Row
Town Centre
Northampton
Northamptonshire
NN1 1DJ
Building Horizons Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 5 91,719 62,820
Cash at bank and in hand 23,250 20,367
_______ _______
114,969 83,187
Creditors: amounts falling due
within one year 6 ( 45,234) ( 16,140)
_______ _______
Net current assets 69,735 67,047
_______ _______
Total assets less current liabilities 69,735 67,047
Creditors: amounts falling due
after more than one year 7 902 ( 8,031)
_______ _______
Net assets 70,637 59,016
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 69,637 58,016
_______ _______
Shareholder funds 70,637 59,016
_______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 02 October 2024 , and are signed on behalf of the board by:
Gordon Anthony Critchlow
Director
Company registration number: 06182924
Building Horizons Limited
Statement of changes in equity
Year ended 31 March 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 April 2022 1,000 47,750 48,750
Profit for the year 10,266 10,266
_______ _______ _______
Total comprehensive income for the year - 10,266 10,266
_______ _______ _______
At 31 March 2023 and 1 April 2023 1,000 58,016 59,016
Profit for the year 11,621 11,621
_______ _______ _______
Total comprehensive income for the year - 11,621 11,621
_______ _______ _______
At 31 March 2024 1,000 69,637 70,637
_______ _______ _______
Building Horizons Limited
Notes to the financial statements
Year ended 31 March 2024
1. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
3. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Link, 49 Efrra Road, London, SW2 1BZ.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
5. Debtors
2024 2023
£ £
Trade debtors 16,804 405
Other debtors 74,915 62,415
_______ _______
91,719 62,820
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 29,056 3,133
Amounts owed to group undertakings and undertakings in which the company has a participating interest 6,386 6,386
Corporation tax 4,372 1,646
Other creditors 5,420 4,975
_______ _______
45,234 16,140
_______ _______
7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts ( 902) 8,031
_______ _______
8. Directors advances, credits and guarantees
The Company director personally guarantee repayment of any outstanding amount of debt if the company can not (or unable to) settle the debt.