Company registration number 03630048 (England and Wales)
C HORRELL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
C HORRELL LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
C HORRELL LTD
BALANCE SHEET
AS AT 31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
14,196
14,196
Tangible assets
5
5,512,769
5,271,802
Investments
6
1
1
5,526,966
5,285,999
Current assets
Stocks
383,333
441,252
Debtors
7
201,337
144,824
Cash at bank and in hand
20,927
20,530
605,597
606,606
Creditors: amounts falling due within one year
8
(551,344)
(593,711)
Net current assets
54,253
12,895
Total assets less current liabilities
5,581,219
5,298,894
Creditors: amounts falling due after more than one year
9
(762,860)
(635,872)
Provisions for liabilities
(103,832)
-
0
Net assets
4,714,527
4,663,022
Capital and reserves
Called up share capital
10
329
329
Share premium account
2,407,264
2,407,264
Profit and loss reserves
2,306,934
2,255,429
Total equity
4,714,527
4,663,022

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

C HORRELL LTD
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025
31 January 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 24 October 2025 and are signed on its behalf by:
S Horrell
Director
Company registration number 03630048 (England and Wales)
C HORRELL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information

C Horrell Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Pode Hole Farm, The Causeway, Thorney, Peterborough, PE6 0QH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings freehold
No depreciation/2% of cost/10% of cost
Plant and machinery
10% of written down value
Office equipment
15% of written down value
Motor vehicles
25% of written down value
C HORRELL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.7
Stocks

Stock is valued at the lower of cost and net realisable value.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets and liabilities

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs and are subsequently measured at amortised cost using the effective interest rate.

1.10
Equity instruments

Equity instruments being the share capital issued by the company.

1.11
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

C HORRELL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Employee benefits

The costs of short-term employee costs are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

C HORRELL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
6
4
Intangible fixed assets
Quotas
£
Cost
At 1 February 2024 and 31 January 2025
14,196
Amortisation and impairment
At 1 February 2024 and 31 January 2025
-
0
Carrying amount
At 31 January 2025
14,196
At 31 January 2024
14,196
5
Tangible fixed assets
Land and buildings freehold
Plant and machinery
Office equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 February 2024
4,780,280
1,440,501
27,760
50,494
6,299,035
Additions
9,180
655,319
1,912
52,341
718,752
Disposals
-
0
(554,830)
-
0
(23,299)
(578,129)
At 31 January 2025
4,789,460
1,540,990
29,672
79,536
6,439,658
Depreciation and impairment
At 1 February 2024
183,698
791,525
11,291
40,719
1,027,233
Depreciation charged in the year
27,069
149,922
2,582
10,128
189,701
Eliminated in respect of disposals
-
0
(271,699)
-
0
(18,346)
(290,045)
At 31 January 2025
210,767
669,748
13,873
32,501
926,889
Carrying amount
At 31 January 2025
4,578,693
871,242
15,799
47,035
5,512,769
At 31 January 2024
4,596,582
648,976
16,469
9,775
5,271,802
C HORRELL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 7 -
6
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
1
1
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
70,375
86,793
Corporation tax recoverable
13,157
-
0
Other debtors
36,474
12,472
Prepayments and accrued income
81,331
45,559
201,337
144,824
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
36,907
43,936
Obligations under finance leases
96,300
63,811
Trade creditors
81,811
113,741
Corporation tax
-
0
13,308
Other taxation and social security
28,387
2,486
Other creditors
241,009
206,474
Accruals and deferred income
66,930
149,955
551,344
593,711
C HORRELL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
(Continued)
- 8 -
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
487,259
526,610
Obligations under finance leases
231,075
62,146
Deferred income
44,526
47,116
762,860
635,872

Bank loans and overdrafts are secured on land and buildings owned by the company.

Net obligations under hire purchase contracts are secured on the related assets.

Amounts included above which fall due after five years are as follows:
Payable by instalments
178,583
223,618
10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
32,918
32,918
329
329
2025-01-31 2024-02-01 false false false 24 October 2025 CCH Software CCH Accounts Production 2025.100 No description of principal activity C Horrell S Horrell S Horrell 03630048 2024-02-01 2025-01-31 03630048 2025-01-31 03630048 2024-01-31 03630048 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-01-31 03630048 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-01-31 03630048 core:LandBuildings core:OwnedOrFreeholdAssets 2025-01-31 03630048 core:PlantMachinery 2025-01-31 03630048 core:FurnitureFittings 2025-01-31 03630048 core:MotorVehicles 2025-01-31 03630048 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-31 03630048 core:PlantMachinery 2024-01-31 03630048 core:FurnitureFittings 2024-01-31 03630048 core:MotorVehicles 2024-01-31 03630048 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 03630048 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 03630048 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 03630048 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 03630048 core:CurrentFinancialInstruments 2025-01-31 03630048 core:CurrentFinancialInstruments 2024-01-31 03630048 core:ShareCapital 2025-01-31 03630048 core:ShareCapital 2024-01-31 03630048 core:SharePremium 2025-01-31 03630048 core:SharePremium 2024-01-31 03630048 core:RetainedEarningsAccumulatedLosses 2025-01-31 03630048 core:RetainedEarningsAccumulatedLosses 2024-01-31 03630048 core:ShareCapitalOrdinaryShareClass1 2025-01-31 03630048 core:ShareCapitalOrdinaryShareClass1 2024-01-31 03630048 bus:Director2 2024-02-01 2025-01-31 03630048 core:IntangibleAssetsOtherThanGoodwill 2024-02-01 2025-01-31 03630048 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 03630048 core:PlantMachinery 2024-02-01 2025-01-31 03630048 core:FurnitureFittings 2024-02-01 2025-01-31 03630048 core:MotorVehicles 2024-02-01 2025-01-31 03630048 2023-02-01 2024-01-31 03630048 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-01-31 03630048 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-31 03630048 core:PlantMachinery 2024-01-31 03630048 core:FurnitureFittings 2024-01-31 03630048 core:MotorVehicles 2024-01-31 03630048 2024-01-31 03630048 core:Non-currentFinancialInstruments 2025-01-31 03630048 core:Non-currentFinancialInstruments 2024-01-31 03630048 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 03630048 bus:OrdinaryShareClass1 2025-01-31 03630048 bus:OrdinaryShareClass1 2024-01-31 03630048 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 03630048 bus:FRS102 2024-02-01 2025-01-31 03630048 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 03630048 bus:Director1 2024-02-01 2025-01-31 03630048 bus:CompanySecretary1 2024-02-01 2025-01-31 03630048 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 03630048 bus:FullAccounts 2024-02-01 2025-01-31 xbrli:pure xbrli:shares iso4217:GBP