Horizon Roofing Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 6

Horizon Roofing Limited

Balance Sheet

31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	914,023	800,654
Current assets
Stocks	5	275,766	257,483
Debtors	6	657,608	728,799
Cash at bank and in hand		626,555	762,843
		1,559,929	1,749,125
Creditors: Amounts falling due within one year	7	(322,596)	(478,107)
Net current assets		1,237,333	1,271,018
Total assets less current liabilities		2,151,356	2,071,672
Provisions for liabilities		(64,126)	(29,749)
Net assets		2,087,230	2,041,923
Capital and reserves
Called up share capital	8	100,000	100,000
Profit and loss account		1,987,230	1,941,923
Shareholders' funds		2,087,230	2,041,923

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 25 November 2025 and signed on its behalf by:
 

......................................... Mr C R Rowe Director

Company Registration Number: 04173769

Horizon Roofing Limited

Notes to the Financial Statements

Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Melville Building East
Unit 18, 23 Royal William Yard
PLYMOUTH
PL1 3RP

The principal place of business is:
12 Carn Brea Business Park
Wilson Way
Redruth
Cornwall
TR15 3RR

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the fair value of consideration receivable, excluding Value Added Tax, in the ordinary course of business for goods and services provided.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Horizon Roofing Limited

Notes to the Financial Statements

Year Ended 31 March 2025

Tax

Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold buildings	2%-10% straight line
Furniture, fixtures and equipment	25% straight line
Motor vehicles	25% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any forseeable losses where appropriate.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Horizon Roofing Limited

Notes to the Financial Statements

Year Ended 31 March 2025

Financial instruments

Classification
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities.
 
Recognition and measurement
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest where material.

Financial liabilities
Basic financial liabilities, including trade and other payables and amounts due to fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 32 (2024 - 32).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	1,051,067	64,158	230,566	1,345,791
Additions	-	25,613	143,035	168,648
Disposals	-	(875)	(70,415)	(71,290)
At 31 March 2025	1,051,067	88,896	303,186	1,443,149
Depreciation
At 1 April 2024	294,010	58,884	192,243	545,137
Charge for the year	18,011	4,500	30,768	53,279
Eliminated on disposal	-	(875)	(68,415)	(69,290)
At 31 March 2025	312,021	62,509	154,596	529,126
Carrying amount
At 31 March 2025	739,046	26,387	148,590	914,023
At 31 March 2024	757,057	5,274	38,323	800,654

Included within the net book value of land and buildings above is £739,046 (2024 - £757,057) in respect of freehold land and buildings.

Horizon Roofing Limited

Notes to the Financial Statements

Year Ended 31 March 2025

5

Stocks

	2025 £	2024 £
Raw materials and consumables	240,630	215,913
Work in progress	35,136	41,570
	275,766	257,483

6

Debtors

	2025 £	2024 £
Trade debtors	474,967	452,580
Prepayments	7,415	97,766
Other debtors	175,226	178,453
	657,608	728,799

7

Creditors

	Note	2025  £	2024  £
Due within one year
Trade creditors		193,406	190,496
Social security and other taxes		16,227	16,321
Outstanding defined contribution pension costs		2,596	3,474
Other creditors		1,429	398
Accrued expenses		40,990	52,377
Corporation tax		67,448	117,365
Deferred income		500	97,676
		322,596	478,107

Horizon Roofing Limited

Notes to the Financial Statements

Year Ended 31 March 2025

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100,000	100,000	100,000	100,000

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £5,609 (2024 - £8,049). These are operating lease commitments for motor vehicles and office equipment and they are secured against the assets to which they relate.

10	Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report was Tracy Lewis FCA, who signed for and on behalf of PKF Francis Clark on 25 November 2025.

11	Parent and ultimate parent undertaking

The company's immediate parent is Horizon Roofing Holdings Limited, incorporated in England and Wales.

The address of Horizon Roofing Holdings Limited is:

Melville Building East
Unit 18, 23 Royal William Yard
Plymouth
Devon
PL1 3GW

The principal place of business of Horizon Roofing Holdings Limited is:

12 Carn Brea Business Park
Wilson Way
Redruth
Cornwall
TR15 3RR