REGISTERED NUMBER: 04482437 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st August 2025

for

Horizon Express Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Z Rowe

Mr J A Rowe

Mr A C Rowe

Mr D Wilkinson

SECRETARY:

Mr D Wilkinson

REGISTERED OFFICE:

Logistics House

Woodlands Business Park

Woodlands Park Avenue

Maidenhead

Berkshire

SL6 3UA

REGISTERED NUMBER:

04482437 (England and Wales)

ACCOUNTANTS:

Robin Oatridge & Co Limited

Chartered Certified Accountants

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

FIXED ASSETS

Tangible assets

4

34,575

60,279

Investments

5

50,000

50,000

84,575

110,279

CURRENT ASSETS

Debtors

6

234,462

370,319

Cash at bank and in hand

1,344,749

1,743,408

1,579,211

2,113,727

CREDITORS

Amounts falling due within one year

7

22,922

55,494

NET CURRENT ASSETS

1,556,289

2,058,233

TOTAL ASSETS LESS CURRENT LIABILITIES

1,640,864

2,168,512

CREDITORS

Amounts falling due after more than one year

8

(2,389

)

(7,013

)

PROVISIONS FOR LIABILITIES

-

(11,453

)

NET ASSETS

1,638,475

2,150,046

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,638,375

2,149,946

1,638,475

2,150,046

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th September 2025 and were signed on its behalf by:

Mr D Wilkinson - Director

1.	STATUTORY INFORMATION

Horizon Express 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

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

40% on reducing balance and 25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st September 2024

300,869

Additions

5,900

Disposals

(77,486

)

At 31st August 2025

229,283

DEPRECIATION

At 1st September 2024

240,590

Charge for year

21,118

Eliminated on disposal

(67,000

)

At 31st August 2025

194,708

NET BOOK VALUE

At 31st August 2025

34,575

At 31st August 2024

60,279

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st September 2024

41,635

Additions

5,900

Disposals

(3,500

)

At 31st August 2025

44,035

DEPRECIATION

At 1st September 2024

18,319

Charge for year

9,362

At 31st August 2025

27,681

NET BOOK VALUE

At 31st August 2025

16,354

At 31st August 2024

23,316

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

LLP investment

50,000

50,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

43,366

72,018

Other debtors

191,096

298,301

234,462

370,319

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

7,566

7,969

Trade creditors

2,415

3,730

Taxation and social security

2,038

32,269

Other creditors

10,903

11,526

22,922

55,494

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

2,389

7,013

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

9,955

14,982

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st August 2025 and 31st August 2024:

2025

2024

£

£

Mr J A Rowe

Balance outstanding at start of year

-

22,016

Amounts repaid

-

(22,016

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mr D Wilkinson

Balance outstanding at start of year

33,397

46,405

Amounts advanced

-

33,397

Amounts repaid

(33,397

)

(46,405

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

33,397

Mrs Z Rowe

Balance outstanding at start of year

35,954

9,730

Amounts advanced

-

35,954

Amounts repaid

(35,954

)

(9,730

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

35,954

Mr A C Rowe

Balance outstanding at start of year

33,521

11,945

Amounts advanced

-

33,521

Amounts repaid

(33,521

)

(11,945

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

33,521

Interest has been charged on the above loans.

11.	ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party of the company.