REGISTERED NUMBER: 09560653 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HORN LANE METALS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Mills

REGISTERED OFFICE:

Ferrari House

258 Field End Road

Eastcote

Middlesex

HA4 9UU

REGISTERED NUMBER:

09560653 (England and Wales)

ACCOUNTANTS:

Diverset Limited

Chartered Accountants

Ferrari House

258 Field End Road

Ruislip

Middlesex

HA4 9UU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

18,821

23,547

18,821

23,547

CURRENT ASSETS

Stocks

76,155

94,359

Debtors

6

486,617

396,641

Cash at bank and in hand

135,107

139,832

697,879

630,832

CREDITORS

Amounts falling due within one year

7

504,334

520,664

NET CURRENT ASSETS

193,545

110,168

TOTAL ASSETS LESS CURRENT LIABILITIES

212,366

133,715

PROVISIONS FOR LIABILITIES

4,705

5,887

NET ASSETS

207,661

127,828

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

207,561

127,728

SHAREHOLDERS' FUNDS

207,661

127,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:

P Mills - Director

1.	STATUTORY INFORMATION

Horn Lane Metals 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 represents amounts receivable for goods and services net of VAT and trade discounts.

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.

Short leasehold

-

20% on cost

Motor vehicles

-

25% 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.

Covid-19 related government support

Where the company has received grants or other Government support in connection with COVID-19, these have been accounted as follows :

Government Assistance loans are recognised and accounted as other commercial loans. Where material, grants paid by Government to lenders for fees or first years interest are recognised as other income along with the related costs.

Government or Local Authority grants are recognised in the period in which they are received.

Coronavirus Job Retention Scheme Grants are recognised in the period to which they relate.

Rent or Rates holidays are accounted in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

252,500

AMORTISATION

At 1 April 2024

and 31 March 2025

252,500

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

11,662

37,770

49,432

DEPRECIATION

At 1 April 2024

11,662

14,223

25,885

Charge for year

-

4,726

4,726

At 31 March 2025

11,662

18,949

30,611

NET BOOK VALUE

At 31 March 2025

-

18,821

18,821

At 31 March 2024

-

23,547

23,547

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

446,159

358,183

Other debtors

40,458

38,458

486,617

396,641

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,286

21,429

Trade creditors

39,697

110,996

Taxation and social security

271,760

269,213

Other creditors

181,591

119,026

504,334

520,664

8.	RELATED PARTY DISCLOSURES

During this and prior years, the company made sales of product totalling £4.594m (£2024 : £4.173m) to W N Thomas & Sons Ltd, at a reduced margin in consideration of transport and management services provided by W N Thomas & Sons Ltd.

At the year end, WNThomas & Sons Ltd owed the company £400,582 (2024 : £274,861) on normal trading terms. The balances were cleared after year end.

The controlling party is P Mills.

The ultimate controlling party is P Mills.