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Registered number: 07490980
Horner Salus Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Hancock & Hastings Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 07490980
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,468 21,902
28,468 21,902
CURRENT ASSETS
Debtors 5 124,596 81,949
Cash at bank and in hand 79,508 60,169
204,104 142,118
Creditors: Amounts Falling Due Within One Year 6 (215,937 ) (162,029 )
NET CURRENT ASSETS (LIABILITIES) (11,833 ) (19,911 )
TOTAL ASSETS LESS CURRENT LIABILITIES 16,635 1,991
Creditors: Amounts Falling Due After More Than One Year 7 (62 ) (1,237 )
NET ASSETS 16,573 754
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 16,571 752
SHAREHOLDERS' FUNDS 16,573 754
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
C Horner
Director
29/05/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Horner Salus Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07490980 . The registered office is 2nd Floor, Devonshire House, 60 Goswell Road, London, WC1M 7AD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% RB
Fixtures & Fittings 20% RB
Computer Equipment 20% RB
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 9)
10 9
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 1,066 25,049 28,951 55,066
Additions - 7,680 5,774 13,454
As at 31 March 2025 1,066 32,729 34,725 68,520
Depreciation
As at 1 April 2024 384 15,935 16,845 33,164
Provided during the period 136 3,102 3,650 6,888
As at 31 March 2025 520 19,037 20,495 40,052
Net Book Value
As at 31 March 2025 546 13,692 14,230 28,468
As at 1 April 2024 682 9,114 12,106 21,902
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 98,163 66,565
Prepayments and accrued income 16,433 15,384
Other debtors 10,000 -
124,596 81,949
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 10,766 20,676
Bank loans and overdrafts 23,334 43,334
Corporation tax 67,063 40,022
Other taxes and social security 8,336 8,130
VAT 86,714 27,189
Net wages - 17,697
Other creditors 16,960 2,530
Director's loan account 2,764 2,451
215,937 162,029
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 62 1,237
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Page 4
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4