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Registered number: 02496838
Horizon Air Conditioning Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02496838
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,548 27,245
Investments 5 199,562 199,562
222,110 226,807
CURRENT ASSETS
Debtors 6 373,386 887,310
Cash at bank and in hand 82,541 155,393
455,927 1,042,703
Creditors: Amounts Falling Due Within One Year 7 (220,579 ) (347,638 )
NET CURRENT ASSETS (LIABILITIES) 235,348 695,065
TOTAL ASSETS LESS CURRENT LIABILITIES 457,458 921,872
Creditors: Amounts Falling Due After More Than One Year 8 - (11,748 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,666 ) (3,666 )
NET ASSETS 453,792 906,458
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 453,692 906,358
SHAREHOLDERS' FUNDS 453,792 906,458
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Steven Morris
Director
23/03/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Horizon Air Conditioning Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02496838 . The registered office is Unit 9 Providence Street, Lye, Stourbridge, West Midlands, DY9 8HQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 15% RB
Fixtures & Fittings 25% RB
Computer Equipment 25% RB
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 11)
14 11
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 56,056 36,713 48,907 141,676
As at 31 March 2025 56,056 36,713 48,907 141,676
Depreciation
As at 1 April 2024 34,915 32,965 46,551 114,431
Provided during the period 3,171 937 589 4,697
As at 31 March 2025 38,086 33,902 47,140 119,128
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2025 17,970 2,811 1,767 22,548
As at 1 April 2024 21,141 3,748 2,356 27,245
5. Investments
Listed
£
Cost or Valuation
As at 1 April 2024 199,562
As at 31 March 2025 199,562
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 199,562
As at 1 April 2024 199,562
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 260,836 803,718
Prepayments and accrued income 3,048 3,048
Other debtors 9,595 9,595
Corporation tax recoverable assets - 41,991
VAT 46,424 4,673
Other taxes and social security 53,483 24,285
373,386 887,310
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 157,796 310,005
Bank loans and overdrafts 10,000 10,000
Other creditors 379 1,752
Director's Mileage - 3,271
Staff Christmas Bonus and NI Er's Reserve 13,406 17,070
Pensions Liability 2,835 1,288
Accruals and deferred income 7,280 3,640
Director's loan account 28,883 612
220,579 347,638
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 11,748
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5