REGISTERED NUMBER: 04953813 (England and Wales)

Report of the Director and

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Horizon Satellite, Aerial & Home

Entertainment Limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

D A Cale

SECRETARY:

REGISTERED OFFICE:

Essex Road Business Centre

Essex Road

Basingstoke

Hampshire

RG21 7TB

REGISTERED NUMBER:

04953813 (England and Wales)

ACCOUNTANTS:

Sue Huntley

8 Brockham Grange

Sherfield on Loddon

Hook

Hampshire

RG27 0FT

The director presents his report with the financial statements of the company for the year ended 31 March 2025.

DIRECTORS

The directors who have held office during the period from 1 April 2024 to the date of this report are as follows:

A Spacagna - resigned 31 December 2024

Mrs S Spacagna - resigned 31 December 2024

D A Cale - appointed 1 January 2025

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

D A Cale - Director

20 December 2025

TURNOVER

257,761

268,268

Cost of sales

159,277

169,685

GROSS PROFIT

98,484

98,583

Distribution costs

7,617

7,772

Administrative expenses

54,219

65,143

61,836

72,915

OPERATING PROFIT and

PROFIT BEFORE TAXATION

36,648

25,668

Tax on profit

7,134

5,859

PROFIT FOR THE FINANCIAL YEAR

29,514

19,809

FIXED ASSETS

Tangible assets

5

12,322

16,429

CURRENT ASSETS

Stocks

6,500

6,500

Debtors

6

2,838

-

Cash at bank

20,449

21,099

29,787

27,599

CREDITORS

Amounts falling due within one year

7

20,138

40,212

NET CURRENT ASSETS/(LIABILITIES)

9,649

(12,613

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,971

3,816

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

21,969

3,814

21,971

3,816

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

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 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 20 December 2025 and were signed by:

D A Cale - Director

1.	STATUTORY INFORMATION

Horizon Satellite, Aerial & Home Entertainment Limited 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 each asset over its estimated useful life.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

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 4 (2024 - 5 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

4,107

5,476

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

21,905

Additions

16,429

Disposals

(21,905

)

At 31 March 2025

16,429

DEPRECIATION

At 1 April 2024

5,476

Charge for year

4,107

Eliminated on disposal

(5,476

)

At 31 March 2025

4,107

NET BOOK VALUE

At 31 March 2025

12,322

At 31 March 2024

16,429

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,838

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

4,440

17,504

Taxation and social security

16,625

21,086

Other creditors

(927

)

1,622

20,138

40,212