Horizontal Boring Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 04563805

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1		1
Tangible Assets	5		370,674		253,201

			370,675		253,202
CURRENT ASSETS
Stocks	6	32,150		32,150
Debtors	7	494,084		506,949
Cash at bank and in hand		60,658		75,942

		586,892		615,041
Creditors: Amounts Falling Due Within One Year	8	(327,183 )		(387,878 )

NET CURRENT ASSETS (LIABILITIES)			259,709		227,163

TOTAL ASSETS LESS CURRENT LIABILITIES			630,384		480,365

NET ASSETS			630,384		480,365

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			630,382		480,363

SHAREHOLDERS' FUNDS			630,384		480,365

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Horizontal Boring Services Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have 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

Mr P Blackledge

Director

1 September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Horizontal Boring Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04563805 . The registered office is Unit 1 Leopold Street, Pemberton, Wigan, Lancashire, WN5 8EG.

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are website costs. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. 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:

Freehold	2% Reducing balance
Plant & Machinery	20% Reducing balance
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	25% Reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Horizontal Boring Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 20 (2023: 20)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	7,882

As at 31 December 2024	7,882

Amortisation
As at 1 January 2024	7,881

As at 31 December 2024	7,881

Net Book Value
As at 31 December 2024	1

As at 1 January 2024	1

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 January 2024	147,866	1,643,451	43,420	80,255	1,914,992
Additions	-	161,482	3,947	-	165,429

As at 31 December 2024	147,866	1,804,933	47,367	80,255	2,080,421

...CONTINUED

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Horizontal Boring Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	17,210	1,536,926	30,417	77,238	1,661,791
Provided during the period	2,613	40,351	4,238	754	47,956

As at 31 December 2024	19,823	1,577,277	34,655	77,992	1,709,747

Net Book Value
As at 31 December 2024	128,043	227,656	12,712	2,263	370,674

As at 1 January 2024	130,656	106,525	13,003	3,017	253,201

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2024	2023
	£	£
Motor Vehicles	4,128	5,504

6. Stocks

	2024	2023
	£	£
Stock	32,150	32,150

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	494,084	506,949

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	8,682	11,201
Trade creditors	76,795	93,922
Other creditors	175,147	226,152
Taxation and social security	66,559	56,603

	327,183	387,878

9. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	8,682	11,201

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Horizontal Boring Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

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