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REGISTERED NUMBER: 07102171 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BAYFORD NEW HORIZONS LIMITED

BAYFORD NEW HORIZONS LIMITED (REGISTERED NUMBER: 07102171)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 9

BAYFORD NEW HORIZONS LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







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)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

BAYFORD NEW HORIZONS LIMITED (REGISTERED NUMBER: 07102171)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 53,149 59,793
Tangible assets 6 11,542 21,063
Investments 7 - 1
64,691 80,857

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 8 671,051 1,192,787
Cash at bank 1,192,924 2,239,331
1,866,475 3,434,618
CREDITORS
Amounts falling due within one year 9 1,147,335 778,535
NET CURRENT ASSETS 719,140 2,656,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

783,831

2,736,940

PROVISIONS FOR LIABILITIES 2,883 5,266
NET ASSETS 780,948 2,731,674

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 780,848 2,731,574
780,948 2,731,674

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.

BAYFORD NEW HORIZONS LIMITED (REGISTERED NUMBER: 07102171)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 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 2024

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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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.

Changes in accounting policies
Goodwill has been reliably estimated by the directors to have a useful life of twenty years from point of purchase in 2012 and ongoing impairment reviews are undertaken on an annual basis.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Franchise fees paid in connection with the acquisition of franchise agreement are capitalised on the balance sheet. Amortisation has been provided for over the course of the franchise agreement term of ten years. Ongoing Franchise costs are expensed on a monthly basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on cost and 20% on cost
Fixtures and fittings - 25% on cost and 20% on cost
Computer equipment - 33% on cost and 25% on cost

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

BAYFORD NEW HORIZONS LIMITED (REGISTERED NUMBER: 07102171)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued

Government grants
Government grants receivable in connection to revenue or for reimbursement of expenses are recognised in Profit and Loss in the period in which they are received.

Grants received contingent on performance objectives are credited to Deferred Income on the Balance Sheet and released to Profit and Loss upon completion of the underlying performance objectives.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 225 (2023 - 208 ) .

BAYFORD NEW HORIZONS LIMITED (REGISTERED NUMBER: 07102171)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

5. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 282,873 67,513 350,386
AMORTISATION
At 1 May 2023 223,080 67,513 290,593
Amortisation for year 6,644 - 6,644
At 30 April 2024 229,724 67,513 297,237
NET BOOK VALUE
At 30 April 2024 53,149 - 53,149
At 30 April 2023 59,793 - 59,793

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 5,097 2,447 24,998 70,476 103,018
Additions - - 814 - 814
At 30 April 2024 5,097 2,447 25,812 70,476 103,832
DEPRECIATION
At 1 May 2023 5,097 2,447 22,638 51,773 81,955
Charge for year - - 1,522 8,813 10,335
At 30 April 2024 5,097 2,447 24,160 60,586 92,290
NET BOOK VALUE
At 30 April 2024 - - 1,652 9,890 11,542
At 30 April 2023 - - 2,360 18,703 21,063

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023 1
Disposals (1 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 1

BAYFORD NEW HORIZONS LIMITED (REGISTERED NUMBER: 07102171)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 378,864 452,018
Other debtors 13,315 53,546
Directors' current accounts - 467,450
Prepayments and accrued income 278,872 219,773
671,051 1,192,787

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 118,621 124,781
Amounts owed to group undertakings - 1
Tax 318,103 114,049
Social security and other taxes 25,299 25,188
Other creditors 26,737 8,359
Wages control - (321 )
Accruals and deferred income 658,575 506,478
1,147,335 778,535

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 172,832 104,174
Between one and five years 826,187 36,386
999,019 140,560

11. SECURED DEBTS

A fixed and floating charge is in place over all assets by HSBC and there is a rent deed deposit held by Robert Langmead as part of the rental lease agreement.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mrs C Barry
Balance outstanding at start of year 233,725 11,765
Amounts advanced 10,000 221,960
Amounts repaid (243,725 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 233,725

BAYFORD NEW HORIZONS LIMITED (REGISTERED NUMBER: 07102171)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

P Barry
Balance outstanding at start of year 233,725 11,765
Amounts advanced 10,000 221,960
Amounts repaid (243,725 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 233,725

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

13. ULTIMATE CONTROLLING PARTY

Bayford New Horizons Trust is the immediate and ultimate parent entity of Bayford New Horizons Limited.

The directors consider the trustees of Bayford New Horizons Trust to be the Ultimate Controlling Parties of the company.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BAYFORD NEW HORIZONS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bayford New Horizons Limited for the year ended 30 April 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Bayford New Horizons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bayford New Horizons Limited and state those matters that we have agreed to state to the Board of Directors of Bayford New Horizons Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bayford New Horizons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bayford New Horizons Limited. You consider that Bayford New Horizons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bayford New Horizons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


24 January 2025