| Horizon Electrical Services (NI) Limited |
| Registered Number:NI053413 |
For the year ended 31 March 2025
Northern Ireland
Unaudited Financial Statements
For the year ended 31 March 2025
Horizon Electrical Services (NI) Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Horizon Electrical Services (NI) Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
11,856
15,329
2
11,856
15,329
12,669
19,252
3
| Trade and other receivables |
431
431
4
5,262
| Cash and cash equivalents |
676
20,359
18,362
| Trade and other payables: amounts falling due within one |
| year |
(37,652)
(27,309)
5
(19,290)
(6,950)
Net current liabilities
| Total assets less current liabilities |
4,906
(3,961)
| Trade and other payables: amounts falling due after more |
| than one year |
(26,901)
(23,962)
6
(2,253)
(2,913)
| Provisions for liabilities |
(21,309)
Net liabilities
(33,775)
3
3
(21,312)
(33,778)
(21,309)
(33,775)
Shareholders' funds
| For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Christopher McCann Director |
| These financial statements were approved and authorised for issue by the Board on 10 December 2025 and were signed by: |
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For the year ended 31 March 2025
Horizon Electrical Services (NI) Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
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For the year ended 31 March 2025
Horizon Electrical Services (NI) Limited
Notes to the Financial Statements
Statutory Information
| Horizon Electrical Services (NI) Limited is a private limited company, limited by shares, domiciled in Northern Ireland, |
| registration number NI053413. |
26 Slaterock Road
Newtownhamilton
Newry
BT35 0HF
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Foreign currencies
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
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For the year ended 31 March 2025
Horizon Electrical Services (NI) Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor Vehicles
75,947
5,044
53,558
17,345
17,345
53,558
5,044
75,947
| Provision for depreciation and impairment |
60,618
3,979
44,358
12,281
Charge for year
3,473
160
2,300
1,013
64,091
4,139
46,658
13,294
4,051
6,900
905
11,856
5,064
9,200
1,065
15,329
2024
2025
19,252
12,669
| 4. Trade and other receivables |
2024
2025
431
431
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
5,288
2,962
| Taxation and social security |
14,369
23,231
7,652
11,459
27,309
37,652
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For the year ended 31 March 2025
Horizon Electrical Services (NI) Limited
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due after more than one year |
2024
2025
| Bank loans and overdraft (secured) |
23,962
26,901
| 7. Average number of persons employed |
During the year the average number of employees was 0
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