Horizon Roofing Specialist Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 07687776

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		308,618		324,861
Tangible Assets	5		108,064		108,788

			416,682		433,649
CURRENT ASSETS
Debtors		330,342		243,001

		330,342		243,001
Creditors: Amounts Falling Due Within One Year		(456,612 )		(310,053 )

NET CURRENT ASSETS (LIABILITIES)			(126,270 )		(67,052 )

TOTAL ASSETS LESS CURRENT LIABILITIES			290,412		366,597

Creditors: Amounts Falling Due After More Than One Year			(155,743 )		(207,433 )

NET ASSETS			134,669		159,164

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			134,569		159,064

SHAREHOLDERS' FUNDS			134,669		159,164

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Horizon Roofing Specialist Limited

Abridged Balance Sheet (continued)

As At 31 March 2025

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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Andrew Clarke

Director

24/04/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Horizon Roofing Specialist Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07687776 . The registered office is 21 Hayes Street, Hayes, BR2 7LE.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 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:

Plant & Machinery

10% Straight Line

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. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Horizon Roofing Specialist Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Total
	£
Cost
As at 1 April 2024	324,861

As at 31 March 2025	324,861

Amortisation
As at 1 April 2024	-
Provided during the period	16,243

As at 31 March 2025	16,243

Net Book Value
As at 31 March 2025	308,618

As at 1 April 2024	324,861

5. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	152,933
Additions	3,074

As at 31 March 2025	156,007

Depreciation
As at 1 April 2024	44,145
Provided during the period	3,798

As at 31 March 2025	47,943

Net Book Value
As at 31 March 2025	108,064

As at 1 April 2024	108,788

6. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	1,723
Later than one year and not later than five years	27,868	44,133

	27,868	45,856

	27,868	45,856

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Horizon Roofing Specialist Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

8. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Andrew Clarke	-	45,500	-	-	45,500

The above loan has been accounted for with an s455 tax charge. Position will be reviewed 9 months from the Financial Year-End and amended if loan is repaid.

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