REGISTERED NUMBER: 11745683 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PRIME HORIZON GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Whatling

R Haase

REGISTERED OFFICE:

1&2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

REGISTERED NUMBER:

11745683 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Tax Advisers

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

FIXED ASSETS

Intangible assets

4

-

1,106

Tangible assets

5

53,502

95,060

Investments

6

10,500

10,700

64,002

106,866

CURRENT ASSETS

Debtors

7

454,779

843,168

Cash at bank

341,109

243,612

795,888

1,086,780

CREDITORS

Amounts falling due within one year

8

300,214

391,792

NET CURRENT ASSETS

495,674

694,988

TOTAL ASSETS LESS CURRENT LIABILITIES

559,676

801,854

CREDITORS

Amounts falling due after more than one year

9

(4,409

)

(14,806

)

PROVISIONS FOR LIABILITIES

-

(26,440

)

NET ASSETS

555,267

760,608

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

555,264

760,605

555,267

760,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 7 April 2025 and were signed on its behalf by:

A Whatling - Director

1.	STATUTORY INFORMATION

Prime Horizon Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from the provision of services is recognised when the specific service has been provided. Where services are provided on an ongoing basis turnover is recognised on a monthly basis by reference to the costs incurred on staff and other costs.

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 40 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2024

and 31 December 2024

8,626

AMORTISATION

At 1 January 2024

7,520

Amortisation for year

1,106

At 31 December 2024

8,626

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

1,106

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

15,232

144,915

160,147

Additions

1,349

9,973

11,322

Disposals

-

(22,660

)

(22,660

)

At 31 December 2024

16,581

132,228

148,809

DEPRECIATION

At 1 January 2024

5,923

59,164

65,087

Charge for year

4,151

31,736

35,887

Eliminated on disposal

-

(5,667

)

(5,667

)

At 31 December 2024

10,074

85,233

95,307

NET BOOK VALUE

At 31 December 2024

6,507

46,995

53,502

At 31 December 2023

9,309

85,751

95,060

6.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST

At 1 January 2024

10,700

Disposals

(200

)

At 31 December 2024

10,500

NET BOOK VALUE

At 31 December 2024

10,500

At 31 December 2023

10,700

Fixed asset investments represents an investment in an associated company. This is stated at cost in the accounts.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

429,963

680,304

Amounts owed by participating interests

14,333

37,333

Amounts owed by associates

-

4,286

Other debtors

1,144

58,613

Tax

-

45,032

Prepayments

9,339

17,600

454,779

843,168

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,397

10,140

Other loans

999

999

Trade creditors

89,963

29,322

Social security and other taxes

78,354

94,936

VAT

94,806

115,760

Other creditors

9,767

132,037

Directors' current accounts

1,998

1,998

Accrued expenses

13,930

6,600

300,214

391,792

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

4,409

10,397

Bank loans - 2-5 years

-

4,409

4,409

14,806