REGISTERED NUMBER: 11165456 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

NICK HORN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N Horn

REGISTERED OFFICE:

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

REGISTERED NUMBER:

11165456 (England and Wales)

ACCOUNTANTS:

Graham Martin & Co

Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

FIXED ASSETS

Tangible assets

4

827,060

801,828

CURRENT ASSETS

Debtors

5

12,644

30,928

Cash at bank

19,727

12,915

32,371

43,843

CREDITORS

Amounts falling due within one year

6

121,664

160,866

NET CURRENT LIABILITIES

(89,293

)

(117,023

)

TOTAL ASSETS LESS CURRENT LIABILITIES

737,767

684,805

CREDITORS

Amounts falling due after more than one year

7

(137,515

)

(264,028

)

PROVISIONS FOR LIABILITIES

(176,424

)

(131,187

)

NET ASSETS

423,828

289,590

CAPITAL AND RESERVES

Called up share capital

102

100

Retained earnings

423,726

289,490

SHAREHOLDERS' FUNDS

423,828

289,590

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th November 2025 and were signed by:

N Horn - Director

1.	STATUTORY INFORMATION

Nick Horn 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 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 the cost less estimated residual value of 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

-

25% on reducing balance and 15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

1,323,669

Additions

180,242

At 31st March 2025

1,503,911

DEPRECIATION

At 1st April 2024

521,841

Charge for year

155,010

At 31st March 2025

676,851

NET BOOK VALUE

At 31st March 2025

827,060

At 31st March 2024

801,828

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

Plant and

machinery

etc

£

COST

At 1st April 2024

735,207

Transfer to ownership

(146,500

)

At 31st March 2025

588,707

DEPRECIATION

At 1st April 2024

234,943

Charge for year

75,040

Transfer to ownership

(96,283

)

At 31st March 2025

213,700

NET BOOK VALUE

At 31st March 2025

375,007

At 31st March 2024

500,264

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

9,213

21,009

Other debtors

3,431

9,919

12,644

30,928

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,000

2,000

Hire purchase contracts

112,229

129,792

Trade creditors

46

25,848

Taxation and social security

1,289

179

Other creditors

2,100

3,047

121,664

160,866

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

13,500

8,000

Hire purchase contracts

38,849

135,012

Other creditors

85,166

121,016

137,515

264,028

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

N Horn

Balance outstanding at start of year

121,016

151,216

Amounts advanced

48,232

26,050

Amounts repaid

(84,082

)

(56,250

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

85,166

121,016

9.	ULTIMATE CONTROLLING PARTY

The controlling party is N Horn.