Abbreviated Company Accounts - HORIZON ESTATES (OLTON) LIMITED

HORIZON ESTATES (OLTON) LIMITED - Company Information

07735984 HORIZON ESTATES (OLTON) LIMITED 2015-02-28 false 2014-03-01 2015-02-28 true 07735984 2014-03-01 2015-02-28 07735984 2015-02-28 07735984 2014-02-28 07735984 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 07735984 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 07735984

HORIZON ESTATES (OLTON) LIMITED

Abbreviated Accounts

28 February 2015

HORIZON ESTATES (OLTON) LIMITED Registered Number 07735984

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	13,842	19,420
		13,842	19,420
Current assets
Stocks		6,062	9,159
Debtors		3,501	4,301
Cash at bank and in hand		4,499	4,785
		14,062	18,245
Creditors: amounts falling due within one year		(224,109)	(214,134)
Net current assets (liabilities)		(210,047)	(195,889)
Total assets less current liabilities		(196,205)	(176,469)
Total net assets (liabilities)		(196,205)	(176,469)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(196,206)	(176,470)
Shareholders' funds		(196,205)	(176,469)

For the year ending 28 February 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 April 2015

And signed on their behalf by:
30 April 2015, Director

HORIZON ESTATES (OLTON) LIMITED Registered Number 07735984

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:

Leasehold properties - straight line over the life of the lease
Fixtures, fittings and equipment - 25% straight line

Other accounting policies
STOCK
Stock is valued at the lower of cost and net realisable value.

GOING CONCERN
Although the company's liabilities exceed its assets by £196,205 the directors consider that the going concern basis is appropriate as the company has the continued support of its associated company and major supplier, Horizon Soft Drinks Limited.

2Tangible fixed assets

	£
Cost
At 1 March 2014	32,121
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	32,121
Depreciation
At 1 March 2014	12,701
Charge for the year	5,578
On disposals	-
At 28 February 2015	18,279
Net book values
At 28 February 2015	13,842
At 28 February 2014	19,420

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1