T. Horton & Son Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03940991

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		47,189		63,017

			47,189		63,017
CURRENT ASSETS
Debtors	5	5,036		41,683
Cash at bank and in hand		34,375		26,581

		39,411		68,264
Creditors: Amounts Falling Due Within One Year	6	(29,054 )		(51,557 )

NET CURRENT ASSETS (LIABILITIES)			10,357		16,707

TOTAL ASSETS LESS CURRENT LIABILITIES			57,546		79,724

Creditors: Amounts Falling Due After More Than One Year	7		(126,936 )		(99,164 )

PROVISIONS FOR LIABILITIES
Provisions For Charges			-		(14,474 )

NET LIABILITIES			(69,390 )		(33,914 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(69,490 )		(34,014 )

SHAREHOLDERS' FUNDS			(69,390)		(33,914)

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T. Horton & Son Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 Louis Horton Director	Mrs Belinda Horton Director	Mr Terence Horton Director
16 June 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

T. Horton & Son Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03940991 . The registered office is C/O Mj Evans & Co, Brunel Road, Newton Abbot, TQ12 4PJ.

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:

Leasehold	Straight line basis over the life of the lease
Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	15% Reducing Balance
Computer Equipment	33% Straight Line

2.4. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

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T. Horton & Son Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 April 2025	3,744	308,327	312,071

As at 31 March 2026	3,744	308,327	312,071

Depreciation
As at 1 April 2025	3,467	245,587	249,054
Provided during the period	56	15,772	15,828

As at 31 March 2026	3,523	261,359	264,882

Net Book Value
As at 31 March 2026	221	46,968	47,189

As at 1 April 2025	277	62,740	63,017

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	5,036	41,683

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	4,220	5,232
Bank loans and overdrafts	4,510	5,620
Other creditors	2,200	26,340
Taxation and social security	18,124	14,365

	29,054	51,557

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	1,758	4,965
Bank loans	17,155	20,889
Directors' loan account	108,023	73,310

	126,936	99,164

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T. Horton & Son Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,220	5,232
Later than one year and not later than five years	1,758	4,965

	5,978	10,197

	5,978	10,197

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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