Company Registration No. 13582099 (England and Wales)
Horton Industries Ltd
Unaudited accounts
for the year ended 31 August 2024
Horton Industries Ltd
Unaudited accounts
Contents
Horton Industries Ltd
Company Information
for the year ended 31 August 2024
Directors
Gareth Horton
Tamlyn Horton
Tamlyn Horton
Company Number
13582099 (England and Wales)
Registered Office
1 Braemar Close
Stevenage
SG2 8TA
United Kingdom
Horton Industries Ltd
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
463
798
Creditors: amounts falling due within one year
(582)
(4,518)
Net current (liabilities)/assets
(119)
330
Called up share capital
100
100
Profit and loss account
63
677
Shareholders' funds
163
777
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 25 May 2025 and were signed on its behalf by
Gareth Horton
Director
Company Registration No. 13582099
Horton Industries Ltd
Notes to the Accounts
for the year ended 31 August 2024
Horton Industries Ltd is a private company, limited by shares, registered in England and Wales, registration number 13582099. The registered office is 1 Braemar Close, , Stevenage, SG2 8TA, United Kingdom.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% straight line method
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
417
240
657
At 31 August 2024
417
240
657
At 1 September 2023
155
55
210
Charge for the year
105
60
165
At 31 August 2024
260
115
375
At 31 August 2024
157
125
282
At 31 August 2023
262
185
447
Horton Industries Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due after more than one year
Accrued income and prepayments
-
4,050
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
60
4,037
Loans from directors
(2,769)
(1,524)
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
1,524
3,475
2,230
2,769
As at 31/08/2024 the directors owed the company £2,769 (2023: £1,542). This amount was repaid in full post year-end via dividends. Amounts owed by directors are interest-free.
9
Average number of employees
During the year the average number of employees was 2 (2023: 6).