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REGISTERED NUMBER: 09734618 (England and Wales)















M&K NEW HORIZONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021






M&K NEW HORIZONS LIMITED (REGISTERED NUMBER: 09734618)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M&K NEW HORIZONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: M Snape
Mrs K Snape





REGISTERED OFFICE: Darland House
44 Winnington Hill
Northwich
Cheshire
CW8 1AU





REGISTERED NUMBER: 09734618 (England and Wales)






M&K NEW HORIZONS LIMITED (REGISTERED NUMBER: 09734618)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 107,301 75,873

CURRENT ASSETS
Debtors 5 27,766 21,457
Cash at bank and in hand 142,487 75,926
170,253 97,383
CREDITORS
Amounts falling due within one year 6 67,580 30,589
NET CURRENT ASSETS 102,673 66,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,974

142,667

CREDITORS
Amounts falling due after more than one
year

7

(65,525

)

(37,530

)

PROVISIONS FOR LIABILITIES (327 ) (643 )
NET ASSETS 144,122 104,494

CAPITAL AND RESERVES
Called up share capital 1 1
Profit and loss account 144,121 104,493
SHAREHOLDERS' FUNDS 144,122 104,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

M&K NEW HORIZONS LIMITED (REGISTERED NUMBER: 09734618)

BALANCE SHEET - continued
31 DECEMBER 2021


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 Board of Directors and authorised for issue on 13 September 2022 and were signed on its behalf by:





M Snape - Director


M&K NEW HORIZONS LIMITED (REGISTERED NUMBER: 09734618)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

M&K New Horizons 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 represents net invoiced work done, excluding Value Added Tax.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 15 years
Fixtures and fittings - 25% on cost
Motor vehicles - 10% on reducing balance
Computer equipment - 25% on cost

Deferred taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2021 7,470 716 84,339 3,393 95,918
Additions - - 41,400 1,143 42,543
At 31 December 2021 7,470 716 125,739 4,536 138,461
DEPRECIATION
At 1 January 2021 83 31 17,762 2,169 20,045
Charge for year 498 179 9,763 675 11,115
At 31 December 2021 581 210 27,525 2,844 31,160
NET BOOK VALUE
At 31 December 2021 6,889 506 98,214 1,692 107,301
At 31 December 2020 7,387 685 66,577 1,224 75,873

M&K NEW HORIZONS LIMITED (REGISTERED NUMBER: 09734618)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 12,192 5,130
Other debtors 15,574 16,327
27,766 21,457

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Hire purchase contracts 14,006 9,506
Corporation tax 27,882 8,164
Social security and other taxes 910 10
Other creditors 1,964 311
Directors' current accounts 19,150 9,150
Accrued expenses 3,668 3,448
67,580 30,589

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Hire purchase contracts 65,525 37,530

8. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Hire purchase contracts 79,531 47,036