Company Registration No. 08558975 (England and Wales)
HORIZON CARS LIMITED
Unaudited accounts
for the year ended 30 June 2018
HORIZON CARS LIMITED
Unaudited accounts
Contents
HORIZON CARS LIMITED
Company Information
for the year ended 30 June 2018
Director
Muhammad Shakeel Akram
Company Number
08558975 (England and Wales)
Registered Office
447 GREAT WEST ROAD
HOUNSLOW
TW5 0BY
Accountants
Prezwell Accountants
139 Sturge Avenue
London
E17 4LF
HORIZON CARS LIMITED
Statement of financial position
as at 30 June 2018
Cash at bank and in hand
333
25
Creditors: amounts falling due within one year
-
(10,317)
Net current assets
333
9,708
Total assets less current liabilities
333
9,708
Creditors: amounts falling due after more than one year
(1,806)
(23,507)
Net liabilities
(1,473)
(13,799)
Called up share capital
1
1
Capital contribution reserve
-
300
Profit and loss account
(1,474)
(14,100)
Shareholders' funds
(1,473)
(13,799)
For the year ending 30 June 2018 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.
Approved by the Board on 12 January 2019.
Muhammad Shakeel Akram
Director
Company Registration No. 08558975
HORIZON CARS LIMITED
Notes to the Accounts
for the year ended 30 June 2018
HORIZON CARS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08558975. The registered office is 447 GREAT WEST ROAD, HOUNSLOW, TW5 0BY.
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.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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
33% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
HORIZON CARS LIMITED
Notes to the Accounts
for the year ended 30 June 2018
4
Tangible fixed assets
Plant & machinery
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
-
1,531
7
Creditors: amounts falling due after more than one year
2018
2017
Other creditors
1,806
23,507
The controlling party is Muhammad Shakeel Akram by virtue of his 100% shareholding of the company.
9
Average number of employees
During the year the average number of employees was 1 (2017: 2).
