Company Registration No. 11556501 (England and Wales)
Horton Contracts Ltd
Unaudited accounts
for the year ended 30 September 2021
Horton Contracts Ltd
Unaudited accounts
Contents
Horton Contracts Ltd
Company Information
for the year ended 30 September 2021
Company Number
11556501 (England and Wales)
Registered Office
35 Wenvoe Avenue
Bexleyheath
DA7 5BU
Accountants
Clayton Stirling
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Horton Contracts Ltd
Statement of financial position
as at
30 September 2021
Cash at bank and in hand
28,469
38,728
Creditors: amounts falling due within one year
(16,727)
(19,035)
Net current assets
11,742
19,693
Total assets less current liabilities
12,040
19,693
Creditors: amounts falling due after more than one year
-
(15,000)
Called up share capital
100
100
Profit and loss account
11,940
4,593
Shareholders' funds
12,040
4,693
For the year ending 30 September 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 29 December 2021 and were signed on its behalf by
W Rollin
Director
Company Registration No. 11556501
Horton Contracts Ltd
Notes to the Accounts
for the year ended 30 September 2021
Horton Contracts Ltd is a private company, limited by shares, registered in England and Wales, registration number 11556501. The registered office is 35 Wenvoe Avenue, Bexleyheath, DA7 5BU.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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:
Computer equipment
20% Straight line basis
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Horton Contracts Ltd
Notes to the Accounts
for the year ended 30 September 2021
5
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
14,591
16,036
Loans from directors
1,924
2,899
6
Creditors: amounts falling due after more than one year
2021
2020
7
Average number of employees
During the year the average number of employees was 2 (2020: 2).