Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity2023-01-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05208868 2023-01-01 2023-12-31 05208868 2022-01-01 2022-12-31 05208868 2023-12-31 05208868 2022-12-31 05208868 c:Director1 2023-01-01 2023-12-31 05208868 d:ComputerEquipment 2023-01-01 2023-12-31 05208868 d:ComputerEquipment 2023-12-31 05208868 d:ComputerEquipment 2022-12-31 05208868 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05208868 d:CurrentFinancialInstruments 2023-12-31 05208868 d:CurrentFinancialInstruments 2022-12-31 05208868 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05208868 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05208868 d:ShareCapital 2023-12-31 05208868 d:ShareCapital 2022-12-31 05208868 d:RetainedEarningsAccumulatedLosses 2023-12-31 05208868 d:RetainedEarningsAccumulatedLosses 2022-12-31 05208868 c:OrdinaryShareClass1 2023-01-01 2023-12-31 05208868 c:OrdinaryShareClass1 2023-12-31 05208868 c:OrdinaryShareClass1 2022-12-31 05208868 c:FRS102 2023-01-01 2023-12-31 05208868 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05208868 c:FullAccounts 2023-01-01 2023-12-31 05208868 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05208868 2 2023-01-01 2023-12-31 05208868 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05208868













NEW HORIZONS SOLUTIONS LIMITED
UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023


 
NEW HORIZONS SOLUTIONS LIMITED
REGISTERED NUMBER:05208868


BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
588
117

  
588
117

Current assets
  

Debtors: amounts falling due within one year
 6 
3
433

Cash at bank and in hand
 7 
4,548
4,937

  
4,551
5,370

Creditors: amounts falling due within one year
 8 
(6,024)
(4,916)

Net current (liabilities)/assets
  
 
 
(1,473)
 
 
454

  

Net (liabilities)/assets
  
(885)
571


Capital and reserves
  

Called up share capital 
 9 
200
200

Profit and loss account
  
(1,085)
371

  
(885)
571

Page 1


 
NEW HORIZONS SOLUTIONS LIMITED
REGISTERED NUMBER:05208868

    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Dr V Gembala
Director

Date: 29 July 2024

Page 2


 
NEW HORIZONS SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

New Horizons Solutions Limited is a Limited Liability Company incorporated in England and Wales. The registered office address is 15 Undercliff Road, London, SE13 7TU. 
The principal activity of the company continued to be the provision of consultancy services. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3


 
NEW HORIZONS SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 4


 
NEW HORIZONS SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Taxation



Current taxation

There is no taxation for the year ended 31 December 2023 as there is a trading loss brought forward from prior years of approximately £81,800 (2022: £79,900).

Page 5


 
NEW HORIZONS SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
5,108


Additions
500



At 31 December 2023

5,608



Depreciation


At 1 January 2023
4,991


Charge for the year on owned assets
29



At 31 December 2023

5,020



Net book value



At 31 December 2023
588



At 31 December 2022
117


6.


Debtors

2023
2022
£
£


Other debtors
3
433



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,548
4,937


Page 6


 
NEW HORIZONS SOLUTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: amounts falling due within one year

2023
2022
£
£

Other loans
4,524
3,216

Accruals and deferred income
1,500
1,700

6,024
4,916



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



200 (2022 - 200) Ordinary shares of £1.00 each
200
200


Page 7