1 September 2023 v2025.31.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP087818282023-09-012024-08-31087818282024-08-31087818282023-08-3108781828core:WithinOneYear2024-08-3108781828core:WithinOneYear2023-08-3108781828core:RetainedEarningsAccumulatedLosses2024-08-3108781828core:RetainedEarningsAccumulatedLosses2023-08-3108781828bus:Director12023-09-012024-08-3108781828bus:RegisteredOffice2023-09-012024-08-3108781828core:PlantMachinery2023-09-012024-08-3108781828core:OfficeEquipment2023-09-012024-08-31087818282022-09-012023-08-3108781828core:PlantMachinery2023-09-0108781828core:PlantMachinery2024-08-3108781828core:PlantMachinery2023-08-310878182812023-09-012024-08-3108781828countries:EnglandWales2023-09-012024-08-3108781828bus:AuditExemptWithAccountantsReport2023-09-012024-08-3108781828bus:CompanyLimitedByGuarantee2023-09-012024-08-3108781828bus:SmallEntities2023-09-012024-08-3108781828bus:FullAccounts2023-09-012024-08-3108781828bus:CompanySecretary12023-09-012024-08-31
Company registration number:
08781828
Horizon Gymnastics
Company limited by guarantee
Unaudited Filleted Financial Statements for the year ended
31 August 2024
Horizon Gymnastics
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Horizon Gymnastics
Year ended
31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Horizon Gymnastics
for the year ended
31 August 2024
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Horizon Gymnastics
, as a body, in accordance with the terms of my engagement letter dated 3 July 2024. My work has been undertaken solely to prepare for your approval the
financial statements
of
Horizon Gymnastics
and state those matters that I have agreed to state to the Board of Directors of
Horizon Gymnastics
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Horizon Gymnastics
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Horizon Gymnastics
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and deficit of
Horizon Gymnastics
. You consider that
Horizon Gymnastics
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Horizon Gymnastics. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Tee Accounts Limited
Rosehill House, Bosinver Lane
Polgooth
St. Austell
Cornwall
PL26 7BA
United Kingdom
Date:
29 May 2025
Horizon Gymnastics
Statement of Financial Position
31 August 2024
20242023
Note££
Fixed assets    
Tangible assets 5
6,203
 
4,989
 
Current assets    
Debtors 6
10,741
 
17,011
 
Cash at bank and in hand
11,009
 
11,155
 
21,750
 
28,166
 
Creditors: amounts falling due within one year 7
(7,985
)
(9,320
)
Net current assets
13,765
 
18,846
 
Total assets less current liabilities 19,968   23,835  
Capital and reserves    
Income and expenditure account
19,968
 
23,835
 
Members funds
19,968
 
23,835
 
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.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
29 May 2025
, and are signed on behalf of the board by:
Lisa Souter
Director
Company registration number:
08781828
Horizon Gymnastics
Notes to the Financial Statements
Year ended
31 August 2024

1 General information

The company is a private company limited by guarantee and is registered in England and Wales. The address of the registered office is
124 City Road
,
London
,
EC1V 2NX
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% reducing balance, per annum
Office equipment
25% reducing balance, per annum

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2023:
4
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 September 2023
20,029
 
Additions
3,026
 
At
31 August 2024
23,055
 
Depreciation  
At
1 September 2023
15,040
 
Charge
1,812
 
At
31 August 2024
16,852
 
Carrying amount  
At
31 August 2024
6,203
 
At 31 August 2023
4,989
 

6 Debtors

20242023
££
Trade debtors
10,741
 
16,927
 
Other debtors -  
84
 
10,741
 
17,011
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors -  
(1
)
Taxation and social security -  
2,742
 
Other creditors
7,985
 
6,579
 
7,985
 
9,320