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REGISTERED NUMBER: 07102171 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Bayford New Horizons Limited

Bayford New Horizons Limited (Registered number: 07102171)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Bayford New Horizons Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mrs C Barry
Ms S G Sousa





REGISTERED OFFICE: Unit E Blenheim House
1 Blenheim Road
Epsom
Surrey
KT19 9AP





REGISTERED NUMBER: 07102171 (England and Wales)






Bayford New Horizons Limited (Registered number: 07102171)

Abridged Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 59,793 -
Tangible assets 5 21,063 22,143
Investments 6 1 158,836
80,857 180,979

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 1,189,406 522,248
Cash at bank 2,239,331 1,671,267
3,431,237 2,196,015
CREDITORS
Amounts falling due within one year 775,154 895,028
NET CURRENT ASSETS 2,656,083 1,300,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,736,940

1,481,966

PROVISIONS FOR LIABILITIES 5,266 4,207
NET ASSETS 2,731,674 1,477,759

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,731,574 1,477,659
SHAREHOLDERS' FUNDS 2,731,674 1,477,759

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

Bayford New Horizons Limited (Registered number: 07102171)

Abridged Balance Sheet - continued
30 April 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 May 2024 and were signed on its behalf by:





Mrs C Barry - Director


Bayford New Horizons Limited (Registered number: 07102171)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Bayford 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.

Preparation of consolidated financial statements
The financial statements contain information about Bayford New Horizons Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Franchise fee
The cost of the franchise fee is written off on a straight line basis over the term of the franchise agreement.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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


Bayford New Horizons Limited (Registered number: 07102171)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 208 (2022 - 201 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022 217,513
Additions 132,873
At 30 April 2023 350,386
AMORTISATION
At 1 May 2022 217,513
Amortisation for year 73,080
At 30 April 2023 290,593
NET BOOK VALUE

At 30 April 2023 59,793
At 30 April 2022 -

Bayford New Horizons Limited (Registered number: 07102171)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022 89,646
Additions 13,372
At 30 April 2023 103,018
DEPRECIATION
At 1 May 2022 67,503
Charge for year 14,452
At 30 April 2023 81,955
NET BOOK VALUE
At 30 April 2023 21,063
At 30 April 2022 22,143

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 May 2022 158,836
Disposals (158,835 )
At 30 April 2023 1
NET BOOK VALUE
At 30 April 2023 1
At 30 April 2022 158,836

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Surrey Care Services Limited
Registered office:
Nature of business: Provision of domiciliary care
%
Class of shares: holding
Ordinary 100.00

7. SECURED DEBTS

The loans are secured by a debenture on the assets of the company.

8. OTHER FINANCIAL COMMITMENTS

The company had total guarantees, contingencies and commitments at the year end of £140,560 (2022: £176,301).

Bayford New Horizons Limited (Registered number: 07102171)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
Mrs C Barry
Balance outstanding at start of year 11,765 -
Amounts advanced 221,960 11,765
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 233,725 11,765

P Barry
Balance outstanding at start of year 11,765 -
Amounts advanced 221,960 11,765
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 233,725 11,765

Interest was charged on the loans using the HMRC official rates of interest.