1 September 2023 false No description of principal activity Taxfiler 2024.6 13582099business:PrivateLimitedCompanyLtd2023-09-012024-08-31 135820992023-08-31 135820992023-09-012024-08-31 13582099business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 13582099business:FilletedAccounts2023-09-012024-08-31 135820992024-08-31 13582099business:Director12023-09-012024-08-31 13582099business:Director22023-09-012024-08-31 13582099business:Director32023-09-012024-08-31 13582099business:RegisteredOffice2023-09-012024-08-31 135820992023-08-31 13582099core:WithinOneYear2024-08-31 13582099core:WithinOneYear2023-08-31 13582099core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 13582099core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 13582099core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 13582099core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 13582099core:PreviouslyStatedAmount2024-08-31 13582099core:PreviouslyStatedAmount2023-08-31 13582099business:SmallEntities2023-09-012024-08-31 13582099countries:EnglandWales2023-09-012024-08-31 13582099core:PlantMachinery2023-09-012024-08-31 13582099core:PlantMachinery2023-08-31 13582099core:ComputerEquipment2023-08-31 13582099core:PlantMachinery2024-08-31 13582099core:ComputerEquipment2024-08-31 13582099core:ComputerEquipment2023-09-012024-08-31 13582099core:AfterOneYear2024-08-31 13582099core:AfterOneYear2023-08-31 13582099business:OrdinaryShareClass12023-09-012024-08-31 13582099business:OrdinaryShareClass12022-09-012023-08-31 13582099business:Director112023-09-012024-08-31 13582099business:Director112023-08-31 13582099business:Director112024-08-31 135820992022-09-012023-08-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
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
- 3 -
Horton Industries Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
282 
447 
Current assets
Debtors
- 
4,050 
Cash at bank and in hand
463 
798 
463 
4,848 
Creditors: amounts falling due within one year
(582)
(4,518)
Net current (liabilities)/assets
(119)
330 
Net assets
163 
777 
Capital and reserves
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
- 4 -
Horton Industries Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Depreciation
At 1 September 2023
155 
55 
210 
Charge for the year
105 
60 
165 
At 31 August 2024
260 
115 
375 
Net book value
At 31 August 2024
157 
125 
282 
At 31 August 2023
262 
185 
447 
- 5 -
Horton Industries Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Accrued income and prepayments
- 
4,050 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
360 
1,105 
Taxes and social security
60 
4,037 
Loans from directors
(2,769)
(1,524)
Accruals
2,931 
900 
582 
4,518 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Gareth Horton
Director's Loan
1,524 
3,475 
2,230 
2,769 
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).
- 6 -