REGISTERED NUMBER: 04677168 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

NEW HORIZON LOGISTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K F G Stockman

Mr P S Massey

Mr C Hutchings

SECRETARY:

Mr P S Massey

REGISTERED OFFICE:

St Georges House

Cape Road

The Cape

Warwick

CV34 5DJ

REGISTERED NUMBER:

04677168 (England and Wales)

ACCOUNTANTS:

Pentlands Accountants and advisors Ltd

Chartered Certified Accountants

and Registered Auditors

3 & 4 Pegasus House

Pegasus Court

Olympus Avenue

Warwick

Warwickshire

CV34 6LW

FIXED ASSETS

Tangible assets

4

42,301

58,311

CURRENT ASSETS

Debtors

5

351,828

369,750

Cash at bank

687

12,562

352,515

382,312

CREDITORS

Amounts falling due within one year

6

381,102

384,639

NET CURRENT LIABILITIES

(28,587

)

(2,327

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,714

55,984

CREDITORS

Amounts falling due after more than one year

7

(2,500

)

(32,500

)

PROVISIONS FOR LIABILITIES

(8,756

)

(14,578

)

NET ASSETS

2,458

8,906

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

2,454

8,902

SHAREHOLDERS' FUNDS

2,458

8,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 4 November 2025 and were signed on its behalf by:

Mr K F G Stockman - Director

1.	STATUTORY INFORMATION

New Horizon Logistics 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.

Government grant

Government grants are in relation to the Coronavirus Job Retention Scheme (CJRS) whilst there was uncertainty as to what impact the pandemic would have on the business. The grant has been

recognised under accrual model and recorded under separate heading in the profit and loss as other operating income.

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

68,106

750

66,950

Additions

-

1,243

1,543

At 31 March 2025

68,106

1,993

68,493

DEPRECIATION

At 1 April 2024

54,236

328

58,862

Charge for year

6,590

416

2,022

At 31 March 2025

60,826

744

60,884

NET BOOK VALUE

At 31 March 2025

7,280

1,249

7,609

At 31 March 2024

13,870

422

8,088

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

98,152

41,681

275,639

Additions

-

2,285

5,071

At 31 March 2025

98,152

43,966

280,710

DEPRECIATION

At 1 April 2024

71,457

32,445

217,328

Charge for year

6,674

5,379

21,081

At 31 March 2025

78,131

37,824

238,409

NET BOOK VALUE

At 31 March 2025

20,021

6,142

42,301

At 31 March 2024

26,695

9,236

58,311

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

58,370

DEPRECIATION

At 1 April 2024

49,405

Charge for year

2,241

At 31 March 2025

51,646

NET BOOK VALUE

At 31 March 2025

6,724

At 31 March 2024

8,965

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

235,649

259,577

Other debtors

116,179

110,173

351,828

369,750

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

34,897

30,000

Trade creditors

50,830

61,783

Taxation and social security

141,993

110,727

Other creditors

153,382

182,129

381,102

384,639

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,500

32,500

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

4,897

-

Invoice Financing balance

-

178,279

4,897

178,279

RBS Invoice Finance Limited have a fixed and floating debenture charge over the assets of the company in respect of the invoice discounting facility.

The directors have provided a joint and several guarantee to secure the bank facilities.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr K F G Stockman

Balance outstanding at start of year

29,303

6,160

Amounts advanced

17,875

23,143

Amounts repaid

(16,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

31,178

29,303

Mr P S Massey

Balance outstanding at start of year

29,303

6,160

Amounts advanced

17,875

23,143

Amounts repaid

(16,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

31,178

29,303

Mr C Hutchings

Balance outstanding at start of year

29,303

6,160

Amounts advanced

17,875

23,143

Amounts repaid

(16,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

31,178

29,303

10.	CONTROLLING PARTY

The directors who have equal shareholding have equal control of the company.