Company Registration No. 09104486 (England and Wales)
Horizon Art Project Limited
Unaudited accounts
for the year ended 30 June 2024
Horizon Art Project Limited
Unaudited accounts
Contents
Horizon Art Project Limited
Company Information
for the year ended 30 June 2024
Company Number
09104486 (England and Wales)
Registered Office
103 High Street
Waltham Cross
Hertfordshire
EN8 7AN
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Horizon Art Project Limited
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
(1,193)
(858)
Creditors: amounts falling due within one year
(10,453)
(8,459)
Net current liabilities
(11,646)
(9,317)
Total assets less current liabilities
(11,428)
(8,873)
Creditors: amounts falling due after more than one year
(27,830)
(33,387)
Net liabilities
(39,258)
(42,260)
Called up share capital
100
100
Profit and loss account
(39,358)
(42,360)
Shareholders' funds
(39,258)
(42,260)
For the year ending 30 June 2024 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 4 March 2025 and were signed on its behalf by
Mr A. Boaron
Director
Company Registration No. 09104486
Horizon Art Project Limited
Notes to the Accounts
for the year ended 30 June 2024
Horizon Art Project Limited is a private company, limited by shares, registered in England and Wales, registration number 09104486. The registered office is 103 High Street, Waltham Cross, Hertfordshire, EN8 7AN.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Fixtures & fittings
10% straight line
Computer equipment
33.33% straight line
The director considers the company to be a going concern despite the deficit on the balance sheet as he has agreed to continue supporting the company in the foreseeable future.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
700
2,999
3,699
At 30 June 2024
700
2,999
3,699
At 1 July 2023
414
2,841
3,255
Charge for the year
70
156
226
At 30 June 2024
484
2,997
3,481
At 30 June 2023
286
158
444
Horizon Art Project Limited
Notes to the Accounts
for the year ended 30 June 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,180
5,180
Taxes and social security
4,862
3,246
Loans from directors
411
33
6
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
The company was under the control of Mr A. Boaron throughout the current year. Mr A. Boaron is personally interested in 100% of the company's issued share capital. Mr A. Boaron received dividends from the company during the year of £19,000 ( 2023 £19,000 ).
9
Average number of employees
During the year the average number of employees was 1 (2023: 2).