Horizon Construction (East Anglia) Limited 31/03/2025 iXBRL

Company registration number: 03709881

(England and Wales)

Horizon Construction (East Anglia) Limited

Unaudited filleted financial statements

for the year ended

31 March 2025

Horizon Construction (East Anglia) Limited

Contents

Directors and other information

Directors report

Accountants report

Statement of financial position

Notes to the financial statements

Horizon Construction (East Anglia) Limited

Directors and other information


Directors	Mr S Tilley	(Resigned 17 November 2025)
	Mr P Holding	(Resigned 17 November 2025)
	Mr M Fletcher	(Appointed 17 November 2025)
	Mr R Bates	(Appointed 17 November 2025)


Secretary	Mr S Tilley	(Resigned 17 November 2025)


Company number	03709881


Registered office	Mulberry House, Stephenson Road
	Severalls Industrial Park
	Colchester
	Essex
	CO4 9QR


Accountants	Griffin Chapman
	4 & 5 The Cedars, Apex 12
	Old Ipswich Road
	Colchester
	Essex
	CO7 7QR

Horizon Construction (East Anglia) Limited

Directors report

Year ended 31 March 2025

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2025.

Directors

The directors who served the company during the year were as follows:


Mr S Tilley				(Resigned 17 November 2025)
Mr P Holding				(Resigned 17 November 2025)

Business review

The financial year has been challenging due to a long-running and complex project undertaken shortly after emerging from the COVID-19 pandemic. This project, while strategically important, has had a significant impact on profitability and consequently on shareholders' funds. The effects of this decision have been long-reaching and the board acknowledges the financial strain it has placed on the company. Despite these challenges, the company has maintained operational stability and continued to deliver quality services to its clients. We have a strong and diverse portfolio of ongoing projects across multiple sectors, which provides resilience and mitigates risk associated with market fluctuations. In addition, demand within the care sector has increased significantly, and we are securing a growing volume of work in this area, further strengthening our pipeline and long-term prospects.

Leadership Changes

During the year, there was a major change in leadership. The previous directors stepped down, and new directors were appointed in November 2025. The incoming leadership team brings renewed enthusiasm and a clear vision to take the business to new heights. Their focus will be on strengthening financial performance, enhancing operational efficiency, and driving sustainable growth.

Future Outlook

Looking ahead, the company is well-positioned for recovery and growth. We have sercured a solid pipeline of work extending into the 2026-2027 financial years, which includes projects in the automotive, care and commercial sectors. This pipeline reflects the confidence of our clients and the strength of our reputation in the industry. The board remains committed to prudent financial management and operational efficiency to restore profitability and strengthen shareholders' equity in the coming years.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 19 December 2025 and signed on behalf of the board by:

Mr R Bates

Director

Horizon Construction (East Anglia) Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Horizon Construction (East Anglia) Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Horizon Construction (East Anglia) Limited for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Horizon Construction (East Anglia) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Horizon Construction (East Anglia) Limited and state those matters that we have agreed to state to the board of directors of Horizon Construction (East Anglia) Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Horizon Construction (East Anglia) Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Horizon Construction (East Anglia) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Horizon Construction (East Anglia) Limited. You consider that Horizon Construction (East Anglia) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Horizon Construction (East Anglia) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Griffin Chapman

Chartered Accountants

4 & 5 The Cedars, Apex 12

Old Ipswich Road

Colchester

Essex

CO7 7QR

19 December 2025

Horizon Construction (East Anglia) Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	22,434		26,862
Tangible assets	6	121,903		77,380
Investments	7	40		40
		_______		_______
			144,377		104,282

Current assets
Debtors	8	4,741,044		3,478,018
Cash at bank and in hand		402,651		599,843
		_______		_______
		5,143,695		4,077,861
Creditors: amounts falling due
within one year	9	( 5,077,717)		( 3,548,678)
		_______		_______
Net current assets			65,978		529,183
			_______		_______
Total assets less current liabilities			210,355		633,465

Creditors: amounts falling due
after more than one year	10		( 119,829)		( 150,816)

Provisions for liabilities			-		( 11,599)

			_______		_______
Net assets			90,526		471,050
			_______		_______

Capital and reserves
Called up share capital	11		100		100
Profit and loss account			90,426		470,950
			_______		_______
Shareholders funds			90,526		471,050
			_______		_______

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.

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.

These financial statements were approved by the board of directors and authorised for issue on 19 December 2025 , and are signed on behalf of the board by:

Mr R Bates

Director

Company registration number: 03709881

Horizon Construction (East Anglia) 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 Mulberry House, Stephenson Road, Severalls Industrial Park, Colchester, Essex, CO4 9QR.

The principal activity of the company continues to be that of general building and construction services.

2. Statement of compliance

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

Going concern

At the time of approving the financial statements, the directors believe the company has adequate resources to continue in operational existence for the next 12 months, therefore they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for construction services provided in the normal course of business and is shown net of Value Added Tax and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceeed total contract turnover, the expected loss is recognised as an expense immediately.

When the outcome of a contruction contract cannot be reliably estimated, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expense in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, the are not included in contract costs if the contract is obtained in a subsequent period.

The "percentage of completion method" is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented in stock, prepayments or other assets depending on their nature and provided it is probable they will be recovered.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Other intangible assets	-	10 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Short leasehold property	-	10 %	straight line
Plant and machinery	-	20 %	straight line
Fittings fixtures and equipment	-	20 %	straight line
Motor vehicles	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company 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.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 in finance costs 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 31 (2024: 36 ).

5. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	44,278	44,278
	_______	_______
Amortisation
At 1 April 2024	17,416	17,416
Charge for the year	4,428	4,428
	_______	_______
At 31 March 2025	21,844	21,844
	_______	_______
Carrying amount
At 31 March 2025	22,434	22,434
	_______	_______
At 31 March 2024	26,862	26,862
	_______	_______

6. Tangible assets

	Short leasehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	148,062	19,550	78,756	170,125	416,493
Additions	-	19,095	16,076	45,495	80,666
Disposals	-	( 19,550)	( 6,620)	( 101,701)	( 127,871)
	_______	_______	_______	_______	_______
At 31 March 2025	148,062	19,095	88,212	113,919	369,288
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2024	94,010	19,550	64,947	160,606	339,113
Charge for the year	14,806	2,546	8,350	10,441	36,143
Disposals	-	( 19,550)	( 6,620)	( 101,701)	( 127,871)
	_______	_______	_______	_______	_______
At 31 March 2025	108,816	2,546	66,677	69,346	247,385
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2025	39,246	16,549	21,535	44,573	121,903
	_______	_______	_______	_______	_______
At 31 March 2024	54,052	-	13,809	9,519	77,380
	_______	_______	_______	_______	_______

7. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	40	40
	_______	_______
Impairment
At 1 April 2024 and 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	40	40
	_______	_______
At 31 March 2024	40	40
	_______	_______

8. Debtors

	2025	2024
	£	£
Trade debtors	3,689,262	2,610,127
Amounts owed by group undertakings and undertakings in which the company has a participating interest	75,509	261,853
Other debtors	976,273	606,038
	_______	_______
	4,741,044	3,478,018
	_______	_______

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans	44,837	39,402
Trade creditors	2,207,386	1,952,872
Taxation and social security	269,042	586,549
Other creditors	2,556,452	969,855
	_______	_______
	5,077,717	3,548,678
	_______	_______

Within other creditors are Hire Purchase liabilities totalling £8,612 (2024: £nil), which are secured over the assets being financed.

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	101,129	150,816
Other creditors	18,700	-
	_______	_______
	119,829	150,816
	_______	_______

Within other creditors are Hire Purchase liabilities totalling £18,700 (2024: £nil), which are secured over the assets being financed.

11. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______