Horizon Research & Consulting Limited

Horizon Research & Consulting Limited

HORIZON RESEARCH & CONSULTING LIMITED - Company Information

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1 January 2021 false No description of principal activity Taxfiler 2022.8.3 06297406business:PrivateLimitedCompanyLtd2021-01-012021-12-31 062974062020-12-31 062974062021-01-012021-12-31 06297406business:AuditExemptWithAccountantsReport2021-01-012021-12-31 06297406business:FullAccounts2021-01-012021-12-31 062974062021-12-31 06297406business:Director12021-01-012021-12-31 06297406business:RegisteredOffice2021-01-012021-12-31 062974062020-12-31 06297406core:WithinOneYear2021-12-31 06297406core:WithinOneYear2020-12-31 06297406core:ShareCapital2021-12-31 06297406core:ShareCapital2020-12-31 06297406core:RetainedEarningsAccumulatedLosses2021-12-31 06297406core:RetainedEarningsAccumulatedLosses2020-12-31 06297406business:SmallEntities2021-01-012021-12-31 06297406countries:EnglandWales2021-01-012021-12-31 06297406core:PlantMachinery2021-01-012021-12-31 06297406core:PlantMachinery2020-12-31 06297406core:PlantMachinery2021-12-31 062974062020-01-012020-12-31 iso4217:GBP xbrli:pure
Company Registration No. 06297406 (England and Wales)
Horizon Research & Consulting Limited Unaudited accounts for the year ended 31 December 2021
Horizon Research & Consulting Limited Unaudited accounts Contents
Page
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Horizon Research & Consulting Limited Company Information for the year ended 31 December 2021
Director
Mr James Matthew Crosland
Company Number
06297406 (England and Wales)
Registered Office
Whitegate Cheshire CW8 2EY England
Accountants
Paul Austen Associates Ltd Riverside Mountbatten Way Congleton Cheshire CW12 1DY
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Horizon Research & Consulting Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,601 
3,468 
Current assets
Debtors
5
227,259 
221,517 
Cash at bank and in hand
1,015,051 
629,550 
1,242,310 
851,067 
Creditors: amounts falling due within one year
6
(539,616)
(360,994)
Net current assets
702,694 
490,073 
Net assets
705,295 
493,541 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
705,195 
493,441 
Shareholders' funds
705,295 
493,541 
For the year ending 31 December 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 13 September 2022 and were signed on its behalf by
Mr James Matthew Crosland Director Company Registration No. 06297406
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Horizon Research & Consulting Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Horizon Research & Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 06297406. The registered office is Whitegate, Cheshire, CW8 2EY, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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:
Plant & machinery
20-25% Reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2021
8,700 
At 31 December 2021
8,700 
Depreciation
At 1 January 2021
5,232 
Charge for the year
867 
At 31 December 2021
6,099 
Net book value
At 31 December 2021
2,601 
At 31 December 2020
3,468 
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Horizon Research & Consulting Limited Notes to the Accounts for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
- 
1,801 
Trade debtors
212,543 
213,648 
Accrued income and prepayments
8,648 
- 
Other debtors
6,068 
6,068 
227,259 
221,517 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
72,746 
- 
Trade creditors
281,304 
274,973 
Taxes and social security
11,202 
24,796 
Loans from directors
52,499 
52,525 
Accruals
10,789 
8,700 
Deferred income
111,076 
- 
539,616 
360,994 
7
Loans to directors
Amount owed to director £52,499 (2020: £52,525)
8
Controlling party
Parent Undertaking is James Crossland Limited, c/o Paul Austen Associates Ltd, Riverside, Mountbatten Way, Congleton, Cheshire, CW12 1DY
9
Average number of employees
During the year the average number of employees was 3 (2020: 3).
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