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REGISTERED NUMBER: 09734618 (England and Wales)















M&K NEW HORIZONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






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






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




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 2023







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 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,097 98,445

CURRENT ASSETS
Debtors 5 19,628 18,119
Cash at bank and in hand 241,496 207,321
261,124 225,440
CREDITORS
Amounts falling due within one year 6 58,257 63,185
NET CURRENT ASSETS 202,867 162,255
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,964

260,700

CREDITORS
Amounts falling due after more than one
year

7

(47,482

)

(56,051

)

PROVISIONS FOR LIABILITIES (544 ) (86 )
NET ASSETS 247,938 204,563

CAPITAL AND RESERVES
Called up share capital 1 1
Profit and loss account 247,937 204,562
247,938 204,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

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

BALANCE SHEET - continued
31 DECEMBER 2023


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 20 September 2024 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 2023

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
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 10% on reducing balance
Computer equipment - 25% on cost

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 (2022 - 1 ) .

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

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 7,470 - 716
Additions - 5,224 -
Disposals - - -
At 31 December 2023 7,470 5,224 716
DEPRECIATION
At 1 January 2023 1,079 - 389
Charge for year 498 958 179
Eliminated on disposal - - -
At 31 December 2023 1,577 958 568
NET BOOK VALUE
At 31 December 2023 5,893 4,266 148
At 31 December 2022 6,391 - 327

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 125,739 7,277 141,202
Additions - 1,372 6,596
Disposals - (2,764 ) (2,764 )
At 31 December 2023 125,739 5,885 145,034
DEPRECIATION
At 1 January 2023 37,346 3,943 42,757
Charge for year 8,839 1,166 11,640
Eliminated on disposal - (2,460 ) (2,460 )
At 31 December 2023 46,185 2,649 51,937
NET BOOK VALUE
At 31 December 2023 79,554 3,236 93,097
At 31 December 2022 88,393 3,334 98,445

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,025 10,136
Other debtors 12,641 7,587
Prepayments 962 396
19,628 18,119

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

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 8,568 9,474
Corporation tax 27,440 29,385
Social security and other taxes - 1,267
Other creditors 8,355 3,899
Directors' current accounts 9,650 15,150
Accrued expenses 4,244 4,010
58,257 63,185

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 47,482 56,051

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 56,050 65,525