Registered number
12769786
Horizon Micromobility Ltd
Filleted Accounts
31 July 2025
Horizon Micromobility Ltd
Registered number: 12769786
Balance Sheet
as at 31 July 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,031 706
Current assets
Stocks 82,460 44,192
Debtors 4 1,723 1,723
Cash at bank 78,771 96,303
162,954 142,218
Creditors: amounts falling due within one year 5 (70,788) (105,496)
Net current assets 92,166 36,722
Net assets 93,197 37,428
Capital and reserves
Called up share capital 100 100
Profit and loss account 93,097 37,328
Shareholder's funds 93,197 37,428
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Whitehouse
Director
Approved by the board on 18 August 2025
Horizon Micromobility Ltd
Notes to the Accounts
for the year ended 31 July 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the sale of good. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2024 1,414
Additions 907
At 31 July 2025 2,321
Depreciation
At 1 August 2024 708
Charge for the year 582
At 31 July 2025 1,290
Net book value
At 31 July 2025 1,031
At 31 July 2024 706
4 Debtors 2025 2024
£ £
Other debtors 1,723 1,723
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 29,738 18,997
Other creditors 41,050 86,499
70,788 105,496
6 Other information
Horizon Micromobility Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Kingfisher Works
Tag Lane
Reading
Berkshire
RG10 9SH
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