Horan Construction Services Limited


HORAN CONSTRUCTION SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2026



































Company Registration Number: 03437163

HORAN CONSTRUCTION SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 8

HORAN CONSTRUCTION SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2026


DIRECTOR

C A Horan


SECRETARY

T Horan


REGISTERED OFFICE

4 Witan Way
Witney
Oxon
OX28 6FF


COMPANY REGISTRATION NUMBER

03437163 England and Wales

HORAN CONSTRUCTION SERVICES LIMITED

BALANCE SHEET
AS AT 31 JANUARY 2026


	Notes	2026		2025
		£		£

FIXED ASSETS
Tangible assets	5		36,149		41,761

CURRENT ASSETS
Stock		196,389		112,008
Debtors	6	284,567		97,211
Cash at bank and in hand		179,450		478,581


		660,406		687,800

CREDITORS: Amounts falling due within one year	7	95,476		139,201
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS			564,930		548,599


TOTAL ASSETS LESS CURRENT LIABILITIES			601,079		590,360

Provisions for liabilities and charges			9,037		10,440


NET ASSETS			592,042		579,920


CAPITAL AND RESERVES
Called up share capital			2		2
Distributable profit and loss account			592,040		579,918


SHAREHOLDERS' FUNDS			592,042		579,920

HORAN CONSTRUCTION SERVICES LIMITED

BALANCE SHEET
AS AT 31 JANUARY 2026


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board




C A Horan
Director

Date approved by the board: 7 August 2026

HORAN CONSTRUCTION SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026


1	GENERAL INFORMATION

	Horan Construction Services Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	4 Witan Way
	Witney
	Oxon
	OX28 6FF

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Turnover represents the provision of general construction and civil engineering services, stated net of trade discounts and value added tax. Revenue is recognised as contract activity progresses, in accordance with the terms of the contractual agreement and the stage of completion of the work. Revenue is reported in the period in which the services were rendered and reflects the partial performance of the company's contractual obligations where this can be measured reliably. Where recorded revenue exceeds amounts invoiced to clients, the excess is classified as income.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Plant and machinery					Straight line basis at 20% per annum
	Motor vehicles					Straight line basis at 25% per annum
	Office equipment					Straight line basis at 33.33% per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

HORAN CONSTRUCTION SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.

HORAN CONSTRUCTION SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Work in progress

	Work in progress has been valued at the lower of cost and estimated selling price less cost to complete and sell. Cost comprises the cost of materials and direct labour relevant to the stage of construction.

	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.

	Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

	Current and deferred tax assets and liabilities are not discounted.

	Employee benefits

	Short term employee benefits are recognised as an expense in the period in which they are incurred.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.

HORAN CONSTRUCTION SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026

4	EMPLOYEES

	The average number of persons employed by the company (including the director) during the year was:

				2026	2025
	Average number of employees			6	6


5	TANGIBLE ASSETS
		Plant and machinery	Motor vehicles	Office equipment	Total
		£	£	£	£
	Cost
	At 1 February 2025	11,262	91,102	9,414	111,778

	Additions	4,643	12,250	133	17,026

	Disposals	-	(12,950)	(125)	(13,075)


	At 31 January 2026	15,905	90,402	9,422	115,729


	Accumulated depreciation and impairments
	At 1 February 2025	8,753	54,197	7,067	70,017

	Charge for year	1,810	18,165	1,483	21,458

	Disposals	-	(11,871)	(24)	(11,895)


	At 31 January 2026	10,563	60,491	8,526	79,580


	Net book value
	At 1 February 2025	2,509	36,905	2,347	41,761


	At 31 January 2026	5,342	29,911	896	36,149


6	DEBTORS
				2026	2025
				£	£
	Trade debtors			218,447	89,499
	Prepayments and accrued income			13,248	5,025
	Other debtors			52,872	2,687


				284,567	97,211

HORAN CONSTRUCTION SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026


7	CREDITORS: Amounts falling due within one year
					2026	2025
					£	£
	Trade creditors				22,328	47,858
	Taxation and social security				67,141	80,883
	Accruals and deferred income				4,383	4,380
	Other creditors				1,624	6,080


					95,476	139,201


8	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

	The following director's advances, credits and guarantees took place during the year:

		Balance at 1 February 2025	Amounts advanced	Amounts repaid	Amounts written off or waived	Balance at 31 January 2026
		£	£	£	£	£
	C A Horan	-	47,522	1,945	-	45,577

	Interest has been charged on this advance at the Beneficial Loan Arrangement Official Rate as prescribed by HM Revenue and Customs. The advance is repayable on demand.

9	RELATED PARTY TRANSACTIONS

	During the year, the following transactions with related parties took place:

	C A Horan
	Director		2026	2025
			£	£
	Advances from director	The director made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount:	-	1,687