Hortons Portable Buildings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04684795

Hortons Portable Buildings Limited

Filleted Unaudited Financial Statements

31 March 2025

Hortons Portable Buildings Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	183,113	184,222

Current assets

Stocks		15,526	18,196
Debtors	6	299,990	295,516
Investments	7	227,822	220,471
Cash at bank and in hand		675,204	628,360
		------------	------------
		1,218,542	1,162,543

Creditors: amounts falling due within one year	8	( 129,367)	( 130,932)
		------------	------------
Net current assets		1,089,175	1,031,611
		------------	------------
Total assets less current liabilities		1,272,288	1,215,833
		------------	------------
Net assets		1,272,288	1,215,833
		------------	------------

Capital and reserves

Called up share capital	1	1
Profit and loss account	1,272,287	1,215,832
	------------	------------
Shareholders funds	1,272,288	1,215,833
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Hortons Portable Buildings Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:

K Lynch

Director

Company registration number: 04684795

Hortons Portable Buildings Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Showground, Handcross Road, Plummers Plain, Lower Beeding, West Sussex, RH13 6NX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Freehold property	Equipment	Total
	£	£	£
Market Value/Cost
At 1 April 2024	180,000	11,732	191,732
Additions	–	1,547	1,547
	---------	--------	---------
At 31 March 2025	180,000	13,279	193,279
	---------	--------	---------
Depreciation
At 1 April 2024	–	7,510	7,510
Charge for the year	–	2,656	2,656
	---------	--------	---------
At 31 March 2025	–	10,166	10,166
	---------	--------	---------
Carrying amount
At 31 March 2025	180,000	3,113	183,113
	---------	--------	---------
At 31 March 2024	180,000	4,222	184,222
	---------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	299,990	295,516
	---------	---------

7. Investments

	2025	2024
	£	£
Share portfolio	227,822	220,471
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	4,604	18,917
Corporation tax	34,829	29,505
Social security and other taxes	73,830	81,048
Other creditors	16,104	1,462
	---------	---------
	129,367	130,932
	---------	---------

9. Controlling party

The company is controlled by K Lynch and D E Lynch who are directors and equal shareholders.