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REGISTERED NUMBER: 08495025 (England and Wales)















NEW HORIZON FLOWERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






NEW HORIZON FLOWERS LIMITED (REGISTERED NUMBER: 08495025)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


NEW HORIZON FLOWERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: R J Flint
G J Flint
Mrs L E Walsingham
B Ford





REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF





REGISTERED NUMBER: 08495025 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 All Saints Street
Stamford
Lincolnshire
PE9 2PA

NEW HORIZON FLOWERS LIMITED (REGISTERED NUMBER: 08495025)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,159
Tangible assets 5 444,543 294,120
444,543 295,279

CURRENT ASSETS
Stocks 453,032 417,441
Debtors 6 45,189 38,253
Cash at bank 92,601 134,491
590,822 590,185
CREDITORS
Amounts falling due within one year 7 481,578 493,771
NET CURRENT ASSETS 109,244 96,414
TOTAL ASSETS LESS CURRENT LIABILITIES 553,787 391,693

CREDITORS
Amounts falling due after more than one year 8 (38,589 ) (15,866 )

PROVISIONS FOR LIABILITIES (85,836 ) (55,321 )
NET ASSETS 429,362 320,506

CAPITAL AND RESERVES
Called up share capital 10 950 950
Retained earnings 428,412 319,556
SHAREHOLDERS' FUNDS 429,362 320,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

NEW HORIZON FLOWERS LIMITED (REGISTERED NUMBER: 08495025)

BALANCE SHEET - continued
30 APRIL 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





Mrs L E Walsingham - Director


NEW HORIZON FLOWERS LIMITED (REGISTERED NUMBER: 08495025)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

New Horizon Flowers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Plant and machinery - 15% on reducing balance and 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

NEW HORIZON FLOWERS LIMITED (REGISTERED NUMBER: 08495025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Basic payment entitlements
Intangible assets consist of entitlements to the basic payment. The entitlements purchased during the year to 30 April 2023 are recognised at fair value and are being written off on a straight line basis over two years.

Basic farm payment
The Basic Farm Payment is recognised in the financial statements in accordance with current H M Revenue & Customs guidance.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Entitlements
£   
COST
At 1 May 2023
and 30 April 2024 3,483
AMORTISATION
At 1 May 2023 2,324
Amortisation for year 1,159
At 30 April 2024 3,483
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 1,159

NEW HORIZON FLOWERS LIMITED (REGISTERED NUMBER: 08495025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 - 468,384 81,015 1,610 551,009
Additions 101,199 115,433 - 140 216,772
Disposals - (14,091 ) - - (14,091 )
At 30 April 2024 101,199 569,726 81,015 1,750 753,690
DEPRECIATION
At 1 May 2023 - 221,176 34,155 1,558 256,889
Charge for year - 46,645 11,715 72 58,432
Eliminated on disposal - (6,174 ) - - (6,174 )
At 30 April 2024 - 261,647 45,870 1,630 309,147
NET BOOK VALUE
At 30 April 2024 101,199 308,079 35,145 120 444,543
At 30 April 2023 - 247,208 46,860 52 294,120


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,649 21,072
Other debtors 28,540 17,181
45,189 38,253

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 37,964 21,615
Trade creditors 51,712 35,917
Amounts owed to group undertakings 295,643 296,727
Taxation and social security 34,212 3,771
Other creditors 62,047 135,741
481,578 493,771

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 38,589 15,866

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 76,553 37,481

Hire purchase liabilities are secured on the assets which they finance.

NEW HORIZON FLOWERS LIMITED (REGISTERED NUMBER: 08495025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
950 Ordinary £1 950 950

11. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had operating lease commitments over the remaining life of the leases totalling £78,999 (2023: £127,835).