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Registered number: 07617882
Hornbeck Ltd
Unaudited Financial Statements
For the Period 1 August 2024 to 31 December 2025
Norsta Group Ltd
Hornbeck Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Hornbeck Ltd
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 07617882

| 31 December 2025 | 31 July 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 6,309 |  | 13,301
Tangible Assets | 5 |  | 88,439 |  | 124,170
|  |  | 94,748 |  | 137,471
CURRENT ASSETS
Stocks |  | 19,883 |  | 48,514 |
Debtors | 6 | 990,237 |  | 317,361 |
Cash at bank and in hand |  | 747,634 |  | 619,143 |
|  | 1,757,754 |  | 985,018 |
Creditors: Amounts Falling Due Within One Year | 7 | (586,441 ) |  | (355,281 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,171,313 |  | 629,737
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,266,061 |  | 767,208
Creditors: Amounts Falling Due After More Than One Year | 8 |  | - |  | (3,531 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (4,802 ) |  | (11,782 )
NET ASSETS |  |  | 1,261,259 |  | 751,895
CAPITAL AND RESERVES
Called up share capital |  |  | 6 |  | 6
Profit and Loss Account |  |  | 1,261,253 |  | 751,889
SHAREHOLDERS' FUNDS |  |  | 1,261,259 |  | 751,895

Page 1
Page 2
Hornbeck Ltd
Balance Sheet (continued)
As At 31 December 2025
For the period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 R G Walton Director
18 August 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Hornbeck Ltd
Notes to the Financial Statements
For the Period 1 August 2024 to 31 December 2025
Notes to the Financial Statements
1. General Information
Hornbeck Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07617882 . The registered office is 1 Centrus Mead Lane, Hertford, SG13 7GX.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of ten years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are patents and trademarks. They are amortised to the profit and loss account over their estimated economic life of five years.
2.5. 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:

Leasehold | 20% on cost
Plant & Machinery | 20% on cost
Motor Vehicles | 25% on reducing balance

2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
Hornbeck Ltd
Notes to the Financial Statements (continued)
For the Period 1 August 2024 to 31 December 2025
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
The average number of employees during the year was 9 (2024: 6)
9 6
4. Intangible Assets

| Goodwill | Other | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 August 2024 | 70,000 | 24,647 | 94,647
As at 31 December 2025 | 70,000 | 24,647 | 94,647
Amortisation
As at 1 August 2024 | 70,000 | 11,346 | 81,346
Provided during the period | - | 6,992 | 6,992
As at 31 December 2025 | 70,000 | 18,338 | 88,338
Net Book Value
As at 31 December 2025 | - | 6,309 | 6,309
As at 1 August 2024 | - | 13,301 | 13,301

Page 4
Page 5
Hornbeck Ltd
Notes to the Financial Statements (continued)
For the Period 1 August 2024 to 31 December 2025
5. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Motor Vehicles | Total
| £ | £ | £ | £
Cost
As at 1 August 2024 | - | 104,404 | 126,205 | 230,609
Additions | 6,814 | 8,815 | 15,995 | 31,624
Disposals | - | (27,838 ) | (15,995 ) | (43,833 )
As at 31 December 2025 | 6,814 | 85,381 | 126,205 | 218,400
Depreciation
As at 1 August 2024 | - | 69,510 | 36,929 | 106,439
Provided during the period | 571 | 19,545 | 30,634 | 50,750
Disposals | - | (25,895 ) | (1,333 ) | (27,228 )
As at 31 December 2025 | 571 | 63,160 | 66,230 | 129,961
Net Book Value
As at 31 December 2025 | 6,243 | 22,221 | 59,975 | 88,439
As at 1 August 2024 | - | 34,894 | 89,276 | 124,170

6. Debtors

| 31 December 2025 |  | 31 July 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 850,635 |  | 234,244
Other debtors | 139,602 |  | 83,117
| 990,237 |  | 317,361

7. Creditors: Amounts Falling Due Within One Year

| 31 December 2025 |  | 31 July 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 1,324 |  | 5,295
Trade creditors | 271,254 |  | 79,263
Other creditors | 58,919 |  | 234,672
Taxation and social security | 254,944 |  | 36,051
| 586,441 |  | 355,281

Page 5
Page 6
Hornbeck Ltd
Notes to the Financial Statements (continued)
For the Period 1 August 2024 to 31 December 2025
8. Creditors: Amounts Falling Due After More Than One Year

| 31 December 2025 |  | 31 July 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | - |  | 3,531

9. Obligations Under Finance Leases and Hire Purchase

| 31 December 2025 |  | 31 July 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 1,324 |  | 5,295
Later than one year and not later than five years | - |  | 3,531
| 1,324 |  | 8,826
| 1,324 |  | 8,826

10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 31 December 2025 |  | 31 July 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 90,755 |  | -
Later than one year and not later than five years | 137,077 |  | -
| 227,832 |  | -

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