NEW HORIZONS (NW) LTD

Company Registration Number:
08724981 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2022

Period of accounts

Start date: 1 November 2021

End date: 31 October 2022

NEW HORIZONS (NW) LTD

Contents of the Financial Statements

for the Period Ended 31 October 2022

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

NEW HORIZONS (NW) LTD

Profit And Loss Account

for the Period Ended 31 October 2022

2022 2021


£

£
Turnover: 6,879,773 5,733,198
Gross profit(or loss): 6,879,773 5,733,198
Administrative expenses: ( 4,843,483 ) ( 3,970,774 )
Operating profit(or loss): 2,036,290 1,762,424
Interest receivable and similar income: 2,584
Interest payable and similar charges: ( 83,921 ) ( 87,015 )
Profit(or loss) before tax: 1,954,953 1,675,409
Tax: ( 330,593 ) ( 2,906,322 )
Profit(or loss) for the financial year: 1,624,360 (1,230,913)

NEW HORIZONS (NW) LTD

Balance sheet

As at 31 October 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 2,942,021 1,698,884
Total fixed assets: 2,942,021 1,698,884
Current assets
Debtors: 4 1,156,250 667,206
Cash at bank and in hand: 1,258,113 955,399
Total current assets: 2,414,363 1,622,605
Creditors: amounts falling due within one year: 5 ( 183,034 ) ( 249,546 )
Net current assets (liabilities): 2,231,329 1,373,059
Total assets less current liabilities: 5,173,350 3,071,943
Creditors: amounts falling due after more than one year: 6 ( 1,758,315 ) ( 1,200,482 )
Total net assets (liabilities): 3,415,035 1,871,461
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 3,415,034 1,871,460
Total Shareholders' funds: 3,415,035 1,871,461

The notes form part of these financial statements

NEW HORIZONS (NW) LTD

Balance sheet statements

For the year ending 31 October 2022 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 12 October 2023
and signed on behalf of the board by:

Name: Natalie Jade Waterhouse
Status: Director

The notes form part of these financial statements

NEW HORIZONS (NW) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover compromises of the invoiced value of goods and services supplied by the company, net of Value Added tax and trade discounts

    Tangible fixed assets depreciation policy

    Tangible Fixed Assets other than freehold land are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value over their expected useful lives on the following basismotor Vehicles 20% Reducing balanceFixtures & Fittings & Equipment 20% Reducing balance

    Other accounting policies

    Hire Purchase and leasing commitmentsRentals payable under operating leases are charged against income on a straight line basis over the lease term

NEW HORIZONS (NW) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 133 112

NEW HORIZONS (NW) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2021 1,441,136 46,995 327,365 27,500 1,842,996
Additions 1,106,447 214,991 18,645 1,340,083
Disposals
Revaluations
Transfers
At 31 October 2022 2,547,583 46,995 542,356 46,145 3,183,079
Depreciation
At 1 November 2021 9,399 126,181 8,532 144,112
Charge for year 7,519 82,582 6,845 96,946
On disposals
Other adjustments
At 31 October 2022 16,918 208,763 15,377 241,058
Net book value
At 31 October 2022 2,547,583 30,077 333,593 30,768 2,942,021
At 31 October 2021 1,441,136 37,596 201,184 18,968 1,698,884

NEW HORIZONS (NW) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2022

4. Debtors

2022 2021
£ £
Trade debtors 850,507 544,696
Prepayments and accrued income 105,745 122,510
Other debtors 199,998 0
Total 1,156,250 667,206

NEW HORIZONS (NW) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2022

5. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 52,013 82,352
Taxation and social security 73,257 93,252
Accruals and deferred income 28,693 72,627
Other creditors 29,071 1,315
Total 183,034 249,546

NEW HORIZONS (NW) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2022

6. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Bank loans and overdrafts 1,758,315 1,200,482
Total 1,758,315 1,200,482