IRIS Accounts Production v26.1.10.61 08062540 Board of Directors Board of Directors 1.12.24 30.11.25 30.11.25 false true false false true false Ordinary 0.10000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08062540 2024-11-30 08062540 2025-11-30 08062540 2024-12-01 2025-11-30 08062540 2023-11-30 08062540 2023-12-01 2024-11-30 08062540 2024-11-30 08062540 ns15:EnglandWales 2024-12-01 2025-11-30 08062540 ns14:PoundSterling 2024-12-01 2025-11-30 08062540 ns10:Director1 2024-12-01 2025-11-30 08062540 ns10:Director2 2024-12-01 2025-11-30 08062540 ns10:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 08062540 ns10:SmallEntities 2024-12-01 2025-11-30 08062540 ns10:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 08062540 ns10:SmallCompaniesRegimeForDirectorsReport 2024-12-01 2025-11-30 08062540 ns10:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 08062540 ns10:FullAccounts 2024-12-01 2025-11-30 08062540 ns10:OrdinaryShareClass1 2024-12-01 2025-11-30 08062540 ns10:RegisteredOffice 2024-12-01 2025-11-30 08062540 ns5:CurrentFinancialInstruments 2025-11-30 08062540 ns5:CurrentFinancialInstruments 2024-11-30 08062540 ns5:Non-currentFinancialInstruments 2025-11-30 08062540 ns5:Non-currentFinancialInstruments 2024-11-30 08062540 ns5:ShareCapital 2025-11-30 08062540 ns5:ShareCapital 2024-11-30 08062540 ns5:RetainedEarningsAccumulatedLosses 2025-11-30 08062540 ns5:RetainedEarningsAccumulatedLosses 2024-11-30 08062540 ns5:PlantMachinery 2024-12-01 2025-11-30 08062540 ns5:FurnitureFittings 2024-12-01 2025-11-30 08062540 ns5:ComputerEquipment 2024-12-01 2025-11-30 08062540 ns5:PlantMachinery 2024-11-30 08062540 ns5:FurnitureFittings 2024-11-30 08062540 ns5:ComputerEquipment 2024-11-30 08062540 ns5:PlantMachinery 2025-11-30 08062540 ns5:FurnitureFittings 2025-11-30 08062540 ns5:ComputerEquipment 2025-11-30 08062540 ns5:PlantMachinery 2024-11-30 08062540 ns5:FurnitureFittings 2024-11-30 08062540 ns5:ComputerEquipment 2024-11-30 08062540 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-11-30 08062540 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-11-30 08062540 ns10:OrdinaryShareClass1 2025-11-30 08062540 ns5:RetainedEarningsAccumulatedLosses 2024-11-30 08062540 ns5:RetainedEarningsAccumulatedLosses 2024-12-01 2025-11-30

REGISTERED NUMBER: 08062540 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30TH NOVEMBER 2025 |

| FOR |

| HORIZONSCAN LIMITED |

| HORIZONSCAN LIMITED (REGISTERED NUMBER: 08062540) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| HORIZONSCAN LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30TH NOVEMBER 2025

| DIRECTORS: | Mr S McMahon

| Mrs P Heathfield

| REGISTERED OFFICE: | Kent Innovation Centre

| Millennium Way

| Thanet Reach Business Park

| Broadstairs

| Kent

| CT10 2QQ

| REGISTERED NUMBER: | 08062540 (England and Wales)

| ACCOUNTANTS: | McCabe Ford Williams

| Chartered Accountants

| 2 The Links

| HERNE BAY

| Kent

| CT6 7GQ

| HORIZONSCAN LIMITED (REGISTERED NUMBER: 08062540) |

BALANCE SHEET

30TH NOVEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 12,336 |  | 15,332 |  |

CURRENT ASSETS

Debtors | 6 | 187,011 |  | 319,650 |  |

Cash at bank and in hand | 55,703 |  | 711 |  |

242,714 |  | 320,361 |  |

CREDITORS

Amounts falling due within one year | 7 | 593,386 |  | 502,042 |  |

NET CURRENT LIABILITIES | (350,672 | ) | (181,681 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (338,336 | ) | (166,349 | ) |

CREDITORS

Amounts falling due after more than one year | 8 | 7,000 |  | 28,069 |  |

NET LIABILITIES | (345,336 | ) | (194,418 | ) |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | 10 | (345,436 | ) | (194,518 | ) |

SHAREHOLDERS' FUNDS | (345,336 | ) | (194,418 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st July 2026 and were signed on its behalf by:

Mr S McMahon - Director

Mrs P Heathfield - Director

| HORIZONSCAN LIMITED (REGISTERED NUMBER: 08062540) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2025

1. | STATUTORY INFORMATION

| Horizonscan 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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.

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 20% on reducing balance

| Computer equipment | - | 25% on reducing balance

| 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.

| 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.

| Going concern

| The Company has traded profitably towards the end of the financial year, and this performance has continued following the year-end. The directors have reviewed the Company's forecasts and cash-flow requirements, taking into account all available information for a period of at least 12 months from the date of approval of these financial statements. This assessment, including consideration of reasonable downside scenarios, indicates that the Company is expected to generate sufficient cash from its operations and has adequate liquidity to meet its liabilities as they fall due, without reliance on additional borrowing or shareholder support. The directors have not identified any material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern. Accordingly, the financial statements have been prepared on the going concern basis.

| HORIZONSCAN LIMITED (REGISTERED NUMBER: 08062540) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH NOVEMBER 2025

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 13 (2024 - 14 ) .

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Computer |

| machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1st December 2024 | 1,198 |  | 4,476 |  | 26,049 |  | 31,723 |  |

| Additions | - |  | 429 |  | 3,835 |  | 4,264 |  |

| Disposals | (134 | ) | - |  | (10,414 | ) | (10,548 | ) |

| At 30th November 2025 | 1,064 |  | 4,905 |  | 19,470 |  | 25,439 |  |

| DEPRECIATION

| At 1st December 2024 | 638 |  | 2,454 |  | 13,299 |  | 16,391 |  |

| Charge for year | 119 |  | 447 |  | 3,170 |  | 3,736 |  |

| Eliminated on disposal | (118 | ) | - |  | (6,906 | ) | (7,024 | ) |

| At 30th November 2025 | 639 |  | 2,901 |  | 9,563 |  | 13,103 |  |

| NET BOOK VALUE

| At 30th November 2025 | 425 |  | 2,004 |  | 9,907 |  | 12,336 |  |

| At 30th November 2024 | 560 |  | 2,022 |  | 12,750 |  | 15,332 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 155,460 |  | 288,971 |  |

| Other debtors | 31,551 |  | 30,679 |  |

187,011 |  | 319,650 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 131,872 |  | 135,576 |  |

| Trade creditors | 28,277 |  | 68,655 |  |

| Taxation and social security | 145,015 |  | 159,709 |  |

| Other creditors | 288,222 |  | 138,102 |  |

593,386 |  | 502,042 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 5,569 |  |

| Other creditors | 7,000 |  | 22,500 |  |

7,000 |  | 28,069 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1,000 | Ordinary | £0.10 | 100 |  | 100 |  |

| HORIZONSCAN LIMITED (REGISTERED NUMBER: 08062540) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH NOVEMBER 2025

10. | RESERVES

| Retained

| earnings

£ |

| At 1st December 2024 | (194,518 | ) |

| Deficit for the year | (106,695 | ) |

| Funding Employee O'ship Trust | (44,223 | ) |

| At 30th November 2025 | (345,436 | ) |

| In 2021, the company was acquired by an employee ownership trust. The payments due under that acquisition have been funded through retained earnings.

11. | RELATED PARTY DISCLOSURES

| Within other loans are the following amounts:

| £3,750 owed to Michael White, a former shareholder of the company.

| £27,000 owed to Patricia Heathfield, a shareholder and director at the date of the balance sheet.

| Both loans carry an interest rate of 10% per annum which is fixed for the duration of the loan.

12. | ULTIMATE CONTROLLING PARTY

| The controlling party is Horizonscan Trustees Ltd.