REGISTERED NUMBER: 09734618 (England and Wales)

M&K NEW HORIZONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Snape

Mrs K Snape

REGISTERED OFFICE:

Darland House

44 Winnington Hill

Northwich

Cheshire

CW8 1AU

REGISTERED NUMBER:

09734618 (England and Wales)

FIXED ASSETS

Tangible assets

4

82,201

93,097

CURRENT ASSETS

Debtors

5

37,396

19,628

Cash at bank and in hand

265,641

241,496

303,037

261,124

CREDITORS

Amounts falling due within one year

6

50,346

58,257

NET CURRENT ASSETS

252,691

202,867

TOTAL ASSETS LESS CURRENT LIABILITIES

334,892

295,964

CREDITORS

Amounts falling due after more than one year

7

(38,914

)

(47,482

)

PROVISIONS FOR LIABILITIES

-

(544

)

NET ASSETS

295,978

247,938

CAPITAL AND RESERVES

Called up share capital

1

1

Profit and loss account

295,977

247,937

295,978

247,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

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 23 September 2025 and were signed on its behalf by:

M Snape - Director

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.

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 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

and 31 December 2024

7,470

5,224

716

DEPRECIATION

At 1 January 2024

1,577

958

568

Charge for year

498

1,045

148

At 31 December 2024

2,075

2,003

716

NET BOOK VALUE

At 31 December 2024

5,395

3,221

-

At 31 December 2023

5,893

4,266

148

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

125,739

5,885

145,034

DEPRECIATION

At 1 January 2024

46,185

2,649

51,937

Charge for year

7,956

1,249

10,896

At 31 December 2024

54,141

3,898

62,833

NET BOOK VALUE

At 31 December 2024

71,598

1,987

82,201

At 31 December 2023

79,554

3,236

93,097

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

23,424

6,025

Other debtors

13,010

12,641

Prepayments

962

962

37,396

19,628

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

8,568

8,568

Corporation tax

32,429

27,440

Social security and other taxes

3,401

-

Other creditors

1,375

8,355

Directors' current accounts

271

9,650

Accrued expenses

4,302

4,244

50,346

58,257

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

38,914

47,482

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

47,482

56,050