HORIZONS RESIDENTIAL CARE LIMITED

Company Registration Number:
SC447946 (Scotland)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

HORIZONS RESIDENTIAL CARE LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

HORIZONS RESIDENTIAL CARE LIMITED

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,942,635 1,900,859
Total fixed assets: 1,942,635 1,900,859
Current assets
Debtors: 4 450,141 506,157
Cash at bank and in hand: 1,575,001 881,310
Total current assets: 2,025,142 1,387,467
Creditors: amounts falling due within one year: 5 (1,468,305) (858,212)
Net current assets (liabilities): 556,837 529,255
Total assets less current liabilities: 2,499,472 2,430,114
Creditors: amounts falling due after more than one year: 6 0 (80,000)
Total net assets (liabilities): 2,499,472 2,350,114
Capital and reserves
Called up share capital: 180 180
Share premium account: 99,970 99,970
Profit and loss account: 2,399,322 2,249,964
Shareholders funds: 2,499,472 2,350,114

The notes form part of these financial statements

HORIZONS RESIDENTIAL CARE LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 January 2025
and signed on behalf of the board by:

Name: Narud Fowdar
Status: Director

The notes form part of these financial statements

HORIZONS RESIDENTIAL CARE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoice value of sales made during the period and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets and depreciation policy

Tangible assets are measured at cost less depreciation and impairment. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Motor Vehicles at 25% straight line, Fixtures, fittings and equipment at 25% straight line and property with no depreciation.

Other accounting policies

Pension costs The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate. Taxation Taxation for the year comprises current tax. The current tax is based on the taxable profit for the year. The company's tax liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. Going Concern The financial statements have been prepared on a going concern basis which assumes that the company will continue to operate for the foreseeable future and be able to meet its liabilities as they fall due.

HORIZONS RESIDENTIAL CARE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 84 66

HORIZONS RESIDENTIAL CARE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 2,040,765
Additions 138,571
Disposals (12,500)
At 30 April 2024 2,166,836
Depreciation
At 01 May 2023 139,906
Charge for year 87,420
On disposals (3,125)
At 30 April 2024 224,201
Net book value
At 30 April 2024 1,942,635
At 30 April 2023 1,900,859

HORIZONS RESIDENTIAL CARE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

Debtors due less than one year: Trade debtors £387,762 (2023: £474,973), Prepayment and accrued income £62,379 (2023: £31,184)

HORIZONS RESIDENTIAL CARE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

Trade creditors £49,332 (2023: £39,109), Loans £0 (2023: £313,968, Other taxes and social security £879,323 (2023: £450,956), Other creditors £491,061 (2023: £39,590), Accruals and deferred income £48,589 (2023 : £14,589)

HORIZONS RESIDENTIAL CARE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due after more than one year note

Loans £0 (2023: £80,000)

HORIZONS RESIDENTIAL CARE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Financial commitments

As at 30 April 2024 , the company had total commitments under non-cancellable operating leases over the remaining life of the leases of £nil (2023: £nil).