HORIZON FOODS DISTRIBUTORS LIMITED

Company Registration Number:
06944097 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

HORIZON FOODS DISTRIBUTORS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

HORIZON FOODS DISTRIBUTORS LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 373,194 355,963
Investments: 4 301,410 301,410
Total fixed assets: 674,604 657,373
Current assets
Stocks: 432,283 383,709
Debtors:   3,185,160 2,521,660
Cash at bank and in hand: 174,659 391,621
Total current assets: 3,792,102 3,296,990
Creditors: amounts falling due within one year: 5 (2,448,036) (2,310,225)
Net current assets (liabilities): 1,344,066 986,765
Total assets less current liabilities: 2,018,670 1,644,138
Creditors: amounts falling due after more than one year: 6 (30,662) (45,264)
Total net assets (liabilities): 1,988,008 1,598,874
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,987,908 1,598,774
Shareholders funds: 1,988,008 1,598,874

The notes form part of these financial statements

HORIZON FOODS DISTRIBUTORS LIMITED

Balance sheet statements

For the year ending 31 March 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 20 March 2025
and signed on behalf of the board by:

Name: M Naveed
Status: Director

The notes form part of these financial statements

HORIZON FOODS DISTRIBUTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Fixtures, fittings, tools and equipment 15% reducing balance Motor Vehicles 20% reducing balance

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

HORIZON FOODS DISTRIBUTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 18 14

HORIZON FOODS DISTRIBUTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 782,752
Additions 109,707
Disposals (11,850)
At 31 March 2024 880,609
Depreciation
At 01 April 2023 426,789
Charge for year 80,626
At 31 March 2024 507,415
Net book value
At 31 March 2024 373,194
At 31 March 2023 355,963

HORIZON FOODS DISTRIBUTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Fixed investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

HORIZON FOODS DISTRIBUTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

Accruals £10,400 Bank loans and overdrafts £115,000 Obligations under finance lease and hire purchase contracts £63,632 Trade creditors £1,893,971 Corporation tax £302,849 Other taxes and social security costs £11,434 Other creditors £50,750

HORIZON FOODS DISTRIBUTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

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

Obligations under finance lease and hire purchase contracts £30,662