Registered number
09168835
Horizon MOT Centre Ltd
Filleted Accounts
31 August 2024
Horizon MOT Centre Ltd
Registered number: 09168835
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 17,702 15,356
Current assets
Debtors 4 7,132 3,372
Cash at bank and in hand 92,183 82,227
99,315 85,599
Creditors: amounts falling due within one year 5 (17,175) (11,742)
Net current assets 82,140 73,857
Total assets less current liabilities 99,842 89,213
Provisions for liabilities (445) (445)
Net assets 99,397 88,768
Capital and reserves
Dividend - Robert Jnr (15,000) (10,000)
Dividend - Shaun (5,000) (4,000)
Profit and loss account 119,397 102,768
Shareholders' funds 99,397 88,768
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.
Robert Spinks
Director
Approved by the board on 21 October 2024
Horizon MOT Centre Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 42,914 22,227 65,141
Additions 8,250 - 8,250
At 31 August 2024 51,164 22,227 73,391
Depreciation
At 1 September 2023 30,130 19,655 49,785
Charge for the year 5,261 643 5,904
At 31 August 2024 35,391 20,298 55,689
Net book value
At 31 August 2024 15,773 1,929 17,702
At 31 August 2023 12,784 2,572 15,356
4 Debtors 2024 2023
£ £
Trade debtors 7,132 3,372
5 Creditors: amounts falling due within one year 2024 2023
£ £
Finance leases/HP 81 81
Bank loans and overdrafts - 434
Taxation and social security costs 10,052 3,758
Other creditors 7,042 7,469
17,175 11,742
6 Other information
Horizon MOT Centre Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1, Sutton Road
Horizon Estate
Catfield
Great Yarmouth
Norfolk NR29 5BG
Horizon MOT Centre Ltd 09168835 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts July 2024 Robert Spinks No description of principal activity 09168835 2022-09-01 2023-08-31 09168835 core:WithinOneYear 2023-08-31 09168835 core:RetainedEarningsAccumulatedLosses 2023-08-31 09168835 2023-09-01 2024-08-31 09168835 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09168835 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09168835 bus:Director40 2023-09-01 2024-08-31 09168835 1 2023-09-01 2024-08-31 09168835 2 2023-09-01 2024-08-31 09168835 core:PlantMachinery 2023-09-01 2024-08-31 09168835 core:Vehicles 2023-09-01 2024-08-31 09168835 countries:England 2023-09-01 2024-08-31 09168835 bus:FRS102 2023-09-01 2024-08-31 09168835 bus:FilletedAccounts 2023-09-01 2024-08-31 09168835 2024-08-31 09168835 core:WithinOneYear 2024-08-31 09168835 core:RetainedEarningsAccumulatedLosses 2024-08-31 09168835 core:PlantMachinery 2024-08-31 09168835 core:Vehicles 2024-08-31 09168835 2023-08-31 09168835 core:PlantMachinery 2023-08-31 09168835 core:Vehicles 2023-08-31 iso4217:GBP xbrli:pure