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REGISTERED NUMBER: 07185075 (England and Wales)









Unaudited Financial Statements

for the Year Ended 26 May 2024

for

S M Horner Limited

S M Horner Limited (Registered number: 07185075)






Contents of the Financial Statements
for the Year Ended 26 May 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


S M Horner Limited (Registered number: 07185075)

Balance Sheet
26 May 2024

26.5.24 26.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,898 3,625
Investments 5 42,285 68,627
45,183 72,252

CURRENT ASSETS
Debtors 6 121,116 140,103
Cash at bank 1,143,439 1,229,696
1,264,555 1,369,799
CREDITORS
Amounts falling due within one year 7 (3,065 ) (22,301 )
NET CURRENT ASSETS 1,261,490 1,347,498
TOTAL ASSETS LESS CURRENT LIABILITIES 1,306,673 1,419,750

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,306,573 1,419,650
1,306,673 1,419,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





Dr S M Horner - Director


S M Horner Limited (Registered number: 07185075)

Notes to the Financial Statements
for the Year Ended 26 May 2024

1. STATUTORY INFORMATION

S M Horner Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07185075

Registered office: Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on reducing balance
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

S M Horner Limited (Registered number: 07185075)

Notes to the Financial Statements - continued
for the Year Ended 26 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 27 May 2023 39,326 194 3,076 42,596
Additions 361 - 465 826
At 26 May 2024 39,687 194 3,541 43,422
DEPRECIATION
At 27 May 2023 37,813 48 1,110 38,971
Charge for year 619 49 885 1,553
At 26 May 2024 38,432 97 1,995 40,524
NET BOOK VALUE
At 26 May 2024 1,255 97 1,546 2,898
At 26 May 2023 1,513 146 1,966 3,625

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 27 May 2023 68,627
Additions 35,721
Revaluations (62,063 )
At 26 May 2024 42,285
NET BOOK VALUE
At 26 May 2024 42,285
At 26 May 2023 68,627

Cost or valuation at 26 May 2024 is represented by:

Other
investments
£   
Cost 42,285

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.5.24 26.5.23
£    £   
Trade debtors 681 140,103
Other debtors 120,435 -
121,116 140,103

S M Horner Limited (Registered number: 07185075)

Notes to the Financial Statements - continued
for the Year Ended 26 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.5.24 26.5.23
£    £   
Taxation and social security (1,935 ) 17,645
Other creditors 5,000 4,656
3,065 22,301

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 26 May 2024 and the period ended 26 May 2023:

26.5.24 26.5.23
£    £   
Dr S M Horner
Balance outstanding at start of year - -
Amounts advanced 103,765 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 103,765 -

Loans incur interest at 2.25% per annum.