IRIS Accounts Production v19.1.0.729 09331949 director 1.1.18 31.12.18 31.12.18 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 09331949 2017-12-31 09331949 2018-12-31 09331949 2018-01-01 2018-12-31 09331949 2016-11-30 09331949 2016-12-01 2017-12-31 09331949 2017-12-31 09331949 ns15:EnglandWales 2018-01-01 2018-12-31 09331949 ns14:PoundSterling 2018-01-01 2018-12-31 09331949 ns10:Director1 2018-01-01 2018-12-31 09331949 ns10:PrivateLimitedCompanyLtd 2018-01-01 2018-12-31 09331949 ns10:SmallEntities 2018-01-01 2018-12-31 09331949 ns10:AuditExempt-NoAccountantsReport 2018-01-01 2018-12-31 09331949 ns10:SmallCompaniesRegimeForDirectorsReport 2018-01-01 2018-12-31 09331949 ns10:SmallCompaniesRegimeForAccounts 2018-01-01 2018-12-31 09331949 ns10:FullAccounts 2018-01-01 2018-12-31 09331949 1 2018-01-01 2018-12-31 09331949 ns10:RegisteredOffice 2018-01-01 2018-12-31 09331949 ns5:CurrentFinancialInstruments 2018-12-31 09331949 ns5:CurrentFinancialInstruments 2017-12-31 09331949 ns5:ShareCapital 2018-12-31 09331949 ns5:ShareCapital 2017-12-31 09331949 ns5:RetainedEarningsAccumulatedLosses 2018-12-31 09331949 ns5:RetainedEarningsAccumulatedLosses 2017-12-31 09331949 ns5:IntangibleAssetsOtherThanGoodwill 2018-01-01 2018-12-31 09331949 ns5:ComputerSoftware 2018-01-01 2018-12-31 09331949 ns5:IntangibleAssetsOtherThanGoodwill 2017-12-31 09331949 ns5:IntangibleAssetsOtherThanGoodwill 2018-12-31 09331949 ns5:IntangibleAssetsOtherThanGoodwill 2017-12-31 09331949 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2018-12-31 09331949 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2017-12-31


REGISTERED NUMBER: 09331949 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st December 2018

for

Horizon Space Technologies Limited

Horizon Space Technologies Limited (Registered number: 09331949)






Contents of the Financial Statements
for the Year Ended 31st December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Horizon Space Technologies Limited

Company Information
for the Year Ended 31st December 2018







DIRECTOR: P R H Williams





REGISTERED OFFICE: The Shrubbery
14 Church Street
Whitchurch
Hampshire
RG28 7AB





REGISTERED NUMBER: 09331949 (England and Wales)





ACCOUNTANTS: Wheeler & Co Ltd
Chartered Accountants
The Shrubbery
14 Church Street
Whitchurch
Hampshire
RG28 7AB

Horizon Space Technologies Limited (Registered number: 09331949)

Balance Sheet
31st December 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 15,000 30,000

CURRENT ASSETS
Debtors 4 - 3,382
Cash at bank and in hand 10 55,281
10 58,663
CREDITORS
Amounts falling due within one year 5 78,238 190,932
NET CURRENT LIABILITIES (78,228 ) (132,269 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(63,228

)

(102,269

)

CAPITAL AND RESERVES
Called up share capital 30,106 30,106
Retained earnings (93,334 ) (132,375 )
SHAREHOLDERS' FUNDS (63,228 ) (102,269 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 12th April 2019 and were signed by:





P R H Williams - Director


Horizon Space Technologies Limited (Registered number: 09331949)

Notes to the Financial Statements
for the Year Ended 31st December 2018

1. STATUTORY INFORMATION

Horizon Space Technologies Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of two years.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different
from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and
laws that have been enacted or substantively enacted by the year end and that are expected to apply to the
reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that
they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Horizon Space Technologies Limited (Registered number: 09331949)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2018

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2018
and 31st December 2018 30,000
AMORTISATION
Charge for year 15,000
At 31st December 2018 15,000
NET BOOK VALUE
At 31st December 2018 15,000
At 31st December 2017 30,000

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
VAT - 3,207
Prepayments - 175
- 3,382

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 74,693 189,482
Directors' current accounts 2,695 600
Accrued expenses 850 850
78,238 190,932