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REGISTERED NUMBER: 07482122 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

FOR

NEW HORIZON CONTRACT SERVICES LIMITED

NEW HORIZON CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 07482122)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEW HORIZON CONTRACT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTOR: K B Lewin





SECRETARY: A J Company Formations Limited





REGISTERED OFFICE: The Coach House
The Square
Sawbridgeworth
Hertfordshire
CM21 9AE





REGISTERED NUMBER: 07482122 (England and Wales)





ACCOUNTANTS: Ashley James Limited
The Coach House
The Square
Sawbridgeworth
Hertfordshire
CM21 9AE

NEW HORIZON CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 07482122)

BALANCE SHEET
31 JANUARY 2022

31/1/22 31/1/21
Notes £    £   
FIXED ASSETS
Tangible assets 4 22,617 6,314

CURRENT ASSETS
Stocks 625 550
Debtors 5 34,217 39,535
Cash at bank - 5,188
34,842 45,273
CREDITORS
Amounts falling due within one year 6 (25,483 ) (21,463 )
NET CURRENT ASSETS 9,359 23,810
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,976

30,124

CREDITORS
Amounts falling due after more than one year 7 (31,854 ) (30,000 )
NET ASSETS 122 124

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22 24
SHAREHOLDERS' FUNDS 122 124

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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.

NEW HORIZON CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 07482122)

BALANCE SHEET - continued
31 JANUARY 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 7 September 2022 and were signed by:





K B Lewin - Director


NEW HORIZON CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 07482122)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

1. STATUTORY INFORMATION

New Horizon Contract Services 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 2 ) .

NEW HORIZON CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 07482122)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2021 29,851
Additions 28,050
Disposals (22,547 )
At 31 January 2022 35,354
DEPRECIATION
At 1 February 2021 23,537
Charge for year 7,734
Eliminated on disposal (18,534 )
At 31 January 2022 12,737
NET BOOK VALUE
At 31 January 2022 22,617
At 31 January 2021 6,314

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/22 31/1/21
£    £   
Trade debtors 17,372 25,176
Other debtors 16,845 14,359
34,217 39,535

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/22 31/1/21
£    £   
Bank loans and overdrafts 7,808 -
Hire purchase contracts 4,824 -
Trade creditors 7,410 9,322
Taxation and social security 3,091 9,791
Other creditors 2,350 2,350
25,483 21,463

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/22 31/1/21
£    £   
Bank loans 21,000 30,000
Hire purchase contracts 10,854 -
31,854 30,000

NEW HORIZON CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 07482122)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other debtors at the Balance Sheet date is a debit balance amounting to £14,656 (2021 £7,319) on the director's loan account of K B Lewin. This was repaid in full.