REGISTERED NUMBER: 03745199 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HORIZON LEISURE PRODUCTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M W Forward

SECRETARY:

Mr M W Forward

REGISTERED OFFICE:

5 to 6 Minster Park

Collingwood Road

West Moors

Dorset

BH21 6QF

REGISTERED NUMBER:

03745199 (England and Wales)

ACCOUNTANTS:

Pugsley Revill

18 High West Street

Dorchester

Dorset

DT1 1UW

FIXED ASSETS

Tangible assets

4

3,706

4,941

CURRENT ASSETS

Stocks

51,320

91,437

Debtors

5

131,662

75,004

Cash at bank and in hand

595,662

573,104

778,644

739,545

CREDITORS

Amounts falling due within one year

6

51,677

63,417

NET CURRENT ASSETS

726,967

676,128

TOTAL ASSETS LESS CURRENT LIABILITIES

730,673

681,069

CREDITORS

Amounts falling due after more than one year

7

(4,781

)

(14,167

)

PROVISIONS FOR LIABILITIES

8

(704

)

-

NET ASSETS

725,188

666,902

CAPITAL AND RESERVES

Called up share capital

9

1,007

1,007

Retained earnings

724,181

665,895

SHAREHOLDERS' FUNDS

725,188

666,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

Mr M W Forward - Director

Mrs H Forward - Director

1.	STATUTORY INFORMATION

Horizon Leisure Products 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

93,164

45,347

138,511

DEPRECIATION

At 1 April 2024

89,916

43,654

133,570

Charge for year

812

423

1,235

At 31 March 2025

90,728

44,077

134,805

NET BOOK VALUE

At 31 March 2025

2,436

1,270

3,706

At 31 March 2024

3,248

1,693

4,941

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

103,393

21,871

Other debtors

5,048

9,724

Directors' loan accounts

22,324

35,472

Corporation tax

-

6,889

Prepayments

897

1,048

131,662

75,004

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

21,561

43,092

Corporation tax

746

-

Social security and other taxes

14,172

4,666

Other creditors

758

1,329

Accrued expenses

4,440

4,330

51,677

63,417

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

4,781

10,000

Bank loans - 2-5 years

-

4,167

4,781

14,167

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

704

-

Deferred

tax

£

Provided during year

704

Balance at 31 March 2025

704

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

1

Ordinary A

£1

1

1

2

Ordinary B

£1

2

2

1

Ordinary C

£1

1

1

1

Ordinary D

£1

1

1

1

Ordinary E

£1

1

1

1

Ordinary F

£1

1

1

1,007

1,007

10.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr M W Forward

Balance outstanding at start of year

35,472

-

Amounts advanced

30,895

159,844

Amounts repaid

(44,043

)

(124,372

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,324

35,472

Interest at the official rate of 2.25% has been charged on the directors loan