Company Registration No. SC394799 (Scotland)
3rd Horizons Limited
Unaudited accounts
for the year ended 31 March 2019
3rd Horizons Limited
Statement of financial position
as at
31 March 2019
Tangible assets
1,730
2,243
Cash at bank and in hand
(9,181)
(1,625)
Creditors: amounts falling due within one year
(3,482)
(13,012)
Net current liabilities
(1,666)
(12,844)
Net assets/(liabilities)
64
(10,601)
Called up share capital
1,000
1,000
Profit and loss account
(936)
(11,601)
Shareholders' funds
64
(10,601)
For the year ending 31 March 2019 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 17 September 2019.
R Rae
Director
Company Registration No. SC394799
3rd Horizons Limited
Notes to the Accounts
for the year ended 31 March 2019
3rd Horizons Limited is a private company, limited by shares, registered in Scotland, registration number SC394799. The registered office is 22 Montrose Street, Glasgow, G1 1RE.
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.
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
15% reducing balance
Fixtures & fittings
15% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2018
4,109
702
4,811
At 31 March 2019
4,109
702
4,811
At 1 April 2018
2,338
230
2,568
Charge for the year
442
71
513
At 31 March 2019
2,780
301
3,081
At 31 March 2019
1,329
401
1,730
At 31 March 2018
1,771
472
2,243
Trade debtors
10,500
1,536
Accrued income and prepayments
497
257
3rd Horizons Limited
Notes to the Accounts
for the year ended 31 March 2019
6
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
16,513
10,722
Loans from directors
(14,080)
1,240
7
Share capital
2019
2018
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
8
Average number of employees
During the year the average number of employees was 1 (2018: 1).