IRIS Accounts Production v25.2.0.378 03279745 director 1.12.23 30.11.24 30.11.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032797452023-11-30032797452024-11-30032797452023-12-012024-11-30032797452022-11-30032797452022-12-012023-11-30032797452023-11-3003279745ns15:EnglandWales2023-12-012024-11-3003279745ns14:PoundSterling2023-12-012024-11-3003279745ns10:Director12023-12-012024-11-3003279745ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3003279745ns10:SmallEntities2023-12-012024-11-3003279745ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3003279745ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3003279745ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3003279745ns10:FullAccounts2023-12-012024-11-300327974512023-12-012024-11-3003279745ns10:RegisteredOffice2023-12-012024-11-3003279745ns5:CurrentFinancialInstruments2024-11-3003279745ns5:CurrentFinancialInstruments2023-11-3003279745ns5:Non-currentFinancialInstruments2024-11-3003279745ns5:Non-currentFinancialInstruments2023-11-3003279745ns5:ShareCapital2024-11-3003279745ns5:ShareCapital2023-11-3003279745ns5:RetainedEarningsAccumulatedLosses2024-11-3003279745ns5:RetainedEarningsAccumulatedLosses2023-11-3003279745ns5:IntangibleAssetsOtherThanGoodwill2023-12-012024-11-3003279745ns5:PlantMachinery2023-12-012024-11-3003279745ns5:FurnitureFittings2023-12-012024-11-3003279745ns5:MotorVehicles2023-12-012024-11-3003279745ns5:ComputerEquipment2023-12-012024-11-3003279745ns5:NetGoodwill2023-11-3003279745ns5:NetGoodwill2023-12-012024-11-3003279745ns5:NetGoodwill2024-11-3003279745ns5:NetGoodwill2023-11-3003279745ns5:ShortLeaseholdAssetsns5:LandBuildings2023-11-3003279745ns5:PlantMachinery2023-11-3003279745ns5:FurnitureFittings2023-11-3003279745ns5:ShortLeaseholdAssetsns5:LandBuildings2023-12-012024-11-3003279745ns5:ShortLeaseholdAssetsns5:LandBuildings2024-11-3003279745ns5:PlantMachinery2024-11-3003279745ns5:FurnitureFittings2024-11-3003279745ns5:ShortLeaseholdAssetsns5:LandBuildings2023-11-3003279745ns5:PlantMachinery2023-11-3003279745ns5:FurnitureFittings2023-11-3003279745ns5:MotorVehicles2023-11-3003279745ns5:ComputerEquipment2023-11-3003279745ns5:MotorVehicles2024-11-3003279745ns5:ComputerEquipment2024-11-3003279745ns5:MotorVehicles2023-11-3003279745ns5:ComputerEquipment2023-11-3003279745ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3003279745ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3003279745ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-11-3003279745ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-11-3003279745ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-11-3003279745ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-30
REGISTERED NUMBER: 03279745 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Horton & Armitage Limited

Horton & Armitage Limited (Registered number: 03279745)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Horton & Armitage Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: P S Bussan





REGISTERED OFFICE: Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS





REGISTERED NUMBER: 03279745 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Horton & Armitage Limited (Registered number: 03279745)

Statement of Financial Position
30 November 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 999
Tangible assets 5 159,624 187,398
159,624 188,397

CURRENT ASSETS
Stocks 502,000 406,807
Debtors 6 472,706 576,673
Cash at bank 134,730 61
1,109,436 983,541
CREDITORS
Amounts falling due within one year 7 (1,234,218 ) (1,045,609 )
NET CURRENT LIABILITIES (124,782 ) (62,068 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,842

126,329

CREDITORS
Amounts falling due after more than one
year

8

(420,853

)

(533,286

)
NET LIABILITIES (386,011 ) (406,957 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (386,211 ) (407,157 )
SHAREHOLDERS' FUNDS (386,011 ) (406,957 )

Horton & Armitage Limited (Registered number: 03279745)

Statement of Financial Position - continued
30 November 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2025 and were signed by:





P S Bussan - Director


Horton & Armitage Limited (Registered number: 03279745)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Horton & Armitage Limited 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
The accounts have been prepared on a going concern basis and the directors have pledged their support for the foreseeable future.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 10% 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.

Horton & Armitage Limited (Registered number: 03279745)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss and any subsequent reversal is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Horton & Armitage Limited (Registered number: 03279745)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

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 21 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 999
AMORTISATION
Charge for year 999
At 30 November 2024 999
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 999

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 December 2023 500 563,782 29,945
Additions - 4,872 -
At 30 November 2024 500 568,654 29,945
DEPRECIATION
At 1 December 2023 - 401,856 13,489
Charge for year - 27,361 1,646
At 30 November 2024 - 429,217 15,135
NET BOOK VALUE
At 30 November 2024 500 139,437 14,810
At 30 November 2023 500 161,926 16,456

Horton & Armitage Limited (Registered number: 03279745)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 22,142 39,980 656,349
Additions - 127 4,999
At 30 November 2024 22,142 40,107 661,348
DEPRECIATION
At 1 December 2023 16,040 37,566 468,951
Charge for year 1,526 2,240 32,773
At 30 November 2024 17,566 39,806 501,724
NET BOOK VALUE
At 30 November 2024 4,576 301 159,624
At 30 November 2023 6,102 2,414 187,398



6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 206,127 309,926
Other debtors 266,475 266,475
Prepayments 104 272
472,706 576,673

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 55,232 82,968
Hire purchase contracts 18,255 30,743
Trade creditors 586,038 508,585
Tax 81,395 73,579
Social security and other taxes 31,813 38,566
VAT 315,795 196,788
Other creditors 140,260 108,900
Accrued expenses 5,430 5,480
1,234,218 1,045,609

Horton & Armitage Limited (Registered number: 03279745)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans - 1-2 years 54,673 55,289
Bank loans - 2-5 years 58,911 113,524
Hire purchase contracts 25,334 43,290
Directors' loan accounts 281,935 321,183
420,853 533,286

9. ULTIMATE CONTROLLING PARTY

Mr P S Bussan controls the company.