Horizon Habitats Ltd - Period Ending 2014-08-31

Registration number: 07000901

Horizon Habitats Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2014
 

Ward Bosence
Accountants
443 Ashley Road
Parkstone
Poole
Dorset
BH14 0AX

Horizon Habitats Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of Horizon Habitats Ltd for the Year Ended 31 August 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Horizon Habitats Ltd for the year ended 31 August 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Horizon Habitats Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Horizon Habitats Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law we do not accept or assume responsibility to anyone other than Horizon Habitats Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Horizon Habitats Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Horizon Habitats Ltd. You consider that Horizon Habitats Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Horizon Habitats Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Ward Bosence
Accountants
443 Ashley Road
Parkstone
Poole
Dorset
BH14 0AX

15 January 2015

Page 1

Horizon Habitats Ltd
(Registration number: 07000901)
Abbreviated Balance Sheet at 31 August 2014

		Note			31 August 2014 £			31 August 2013 £
Fixed assets
Tangible fixed assets					2,750			3,667
Current assets
Stocks					16,580			-
Debtors					2,469			196
Cash at bank and in hand					7,265			66
					26,314			262
Creditors: Amounts falling due within one year					(28,559)			(5,595)
Net current liabilities					(2,245)			(5,333)
Net assets/(liabilities)					505			(1,666)
Capital and reserves
Called up share capital		3			-			2
Profit and loss account					505			(1,668)
Shareholders' funds/(deficit)					505			(1,666)

For the year ending 31 August 2014 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 15 January 2015 and signed on its behalf by:

.........................................
Mr S Edmonds
Director

.........................................
Mr L Parry
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Horizon Habitats Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Horizon Habitats Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2013		4,000			4,000
At 31 August 2014		4,000			4,000
Depreciation
At 1 September 2013		333			333
Charge for the year		917			917
At 31 August 2014		1,250			1,250
Net book value
At 31 August 2014		2,750			2,750
At 31 August 2013		3,667			3,667

3	Share capital

Allotted, called up and fully paid shares

	31 August 2014						31 August 2013
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 4