Company Registration No. 05442563 (England and Wales)
Horizon Fabrications Limited
Unaudited accounts
for the year ended 31 May 2021
Horizon Fabrications Limited
Unaudited accounts
Contents
Horizon Fabrications Limited
Company Information
for the year ended 31 May 2021
Company Number
05442563 (England and Wales)
Registered Office
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
United Kingdom
Accountants
S A Acc'y Ltd
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
Horizon Fabrications Limited
Statement of financial position
as at
31 May 2021
Tangible assets
6,250
12,343
Cash at bank and in hand
1,095
1,782
Creditors: amounts falling due within one year
(15,456)
(16,949)
Net current liabilities
(13,559)
(14,743)
Total assets less current liabilities
(7,309)
(2,400)
Provisions for liabilities
Deferred tax
(1,187)
(2,345)
Net liabilities
(8,496)
(4,745)
Called up share capital
100
100
Profit and loss account
(8,596)
(4,845)
Shareholders' funds
(8,496)
(4,745)
For the year ending 31 May 2021 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 May 2022 and were signed on its behalf by
B Higgins
Director
Company Registration No. 05442563
Horizon Fabrications Limited
Notes to the Accounts
for the year ended 31 May 2021
Horizon Fabrications Limited is a private company, limited by shares, registered in England and Wales, registration number 05442563. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% per annum on cost
Computer equipment
15% per annum reducing balance
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2020
24,235
2,590
26,825
At 31 May 2021
24,235
2,590
26,825
At 1 June 2020
12,118
2,364
14,482
Charge for the year
6,059
34
6,093
At 31 May 2021
18,177
2,398
20,575
At 31 May 2021
6,058
192
6,250
At 31 May 2020
12,117
226
12,343
5
Debtors: amounts falling due within one year
2021
2020
Horizon Fabrications Limited
Notes to the Accounts
for the year ended 31 May 2021
6
Creditors: amounts falling due within one year
2021
2020
Obligations under finance leases and hire purchase contracts
11,374
14,960
Taxes and social security
278
846
Loans from directors
2,979
344
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).