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REGISTERED NUMBER: 13232741 (England and Wales)



















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

HORIZON ALUMINIUM SYSTEMS LTD

HORIZON ALUMINIUM SYSTEMS LTD (REGISTERED NUMBER: 13232741)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HORIZON ALUMINIUM SYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: Mr R Street
Mrs S M Street
Mr A D Barton





REGISTERED OFFICE: Unit 11
King's Norton Trading Estate
Stocks Close
Birmingham
West Midlands
B38 9TS





REGISTERED NUMBER: 13232741 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

HORIZON ALUMINIUM SYSTEMS LTD (REGISTERED NUMBER: 13232741)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,607 41,166

CURRENT ASSETS
Stocks 44,800 33,500
Debtors 5 89,955 84,974
Cash at bank 16,015 49,457
150,770 167,931
CREDITORS
Amounts falling due within one year 6 152,353 141,912
NET CURRENT (LIABILITIES)/ASSETS (1,583 ) 26,019
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,024

67,185

CREDITORS
Amounts falling due after more than one
year

7

-

25,441
NET ASSETS 2,024 41,744

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,924 41,644
SHAREHOLDERS' FUNDS 2,024 41,744

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 28th July 2025 and were signed on its behalf by:





Mr R Street - Director


HORIZON ALUMINIUM SYSTEMS LTD (REGISTERED NUMBER: 13232741)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Horizon Aluminium Systems 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

HORIZON ALUMINIUM SYSTEMS LTD (REGISTERED NUMBER: 13232741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st November 2023 64,315
Disposals (57,280 )
At 31st October 2024 7,035
DEPRECIATION
At 1st November 2023 23,149
Charge for year 8,230
Eliminated on disposal (27,951 )
At 31st October 2024 3,428
NET BOOK VALUE
At 31st October 2024 3,607
At 31st October 2023 41,166

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,742 64,473
Other debtors 67,213 20,501
89,955 84,974

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 11,200
Trade creditors 133,850 104,037
Taxation and social security 4,063 19,435
Other creditors 14,440 7,240
152,353 141,912

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 23,329
Other creditors - 2,112
- 25,441

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st October 2024 and 31st October 2023:

2024 2023
£    £   
Mr A D Barton
Balance outstanding at start of year - -
Amounts advanced 13,420 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,420 -

HORIZON ALUMINIUM SYSTEMS LTD (REGISTERED NUMBER: 13232741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs S M Street
Balance outstanding at start of year - -
Amounts advanced 14,255 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,255 -

Mr R Street
Balance outstanding at start of year - -
Amounts advanced 10,666 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,666 -