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Hornsby Accounts Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Hornsby Accounts Ltd
Office Suite
6a Market Place
Brigg
North Lincolnshire
DN20 8HA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04767467
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,240 5,269
2,240 5,269
CURRENT ASSETS
Debtors 6 32,586 19,916
Cash at bank and in hand 4,951 10,515
37,537 30,431
Creditors: Amounts Falling Due Within One Year 7 (13,681 ) (19,629 )
NET CURRENT ASSETS (LIABILITIES) 23,856 10,802
TOTAL ASSETS LESS CURRENT LIABILITIES 26,096 16,071
NET ASSETS 26,096 16,071
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 26,095 16,070
SHAREHOLDERS' FUNDS 26,096 16,071
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Eileen Neal
Director
20th July 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hornsby Accounts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04767467 . The registered office is Office Suite, 6a Market Place, Brigg, North Lincolnshire, DN20 8HA.
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.
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 5 years.
2.4. 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:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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
Average number of employees, including directors, during the year was: 4 (2025: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 31,500
As at 31 March 2026 31,500
Amortisation
As at 1 April 2025 31,500
As at 31 March 2026 31,500
Net Book Value
As at 31 March 2026 -
As at 1 April 2025 -
Page 4
Page 5
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2025 13,100 9,647 22,747
Additions - 833 833
Disposals (4,225 ) - (4,225 )
As at 31 March 2026 8,875 10,480 19,355
Depreciation
As at 1 April 2025 9,985 7,493 17,478
Provided during the period - 747 747
Disposals (1,110 ) - (1,110 )
As at 31 March 2026 8,875 8,240 17,115
Net Book Value
As at 31 March 2026 - 2,240 2,240
As at 1 April 2025 3,115 2,154 5,269
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 15,687 15,896
Prepayments and accrued income 528 843
Other debtors (1) 2,000 -
Other taxes and social security 5,394 700
Director's loan account 8,977 2,477
32,586 19,916
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 2,947 1
Corporation tax 3,198 2,863
VAT 6,628 8,450
Other creditors - 8,112
Accruals and deferred income 908 203
13,681 19,629
Page 5
Page 6
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1 1
Page 6