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Registered number: 07102171
Bayford New Horizons Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Nuvo Scotland Limited
Bayford New Horizons Limited
Contents
Contents

| Page
--- | ---
Accountants' Report | 1
Balance Sheet | 2—3
Statement of Changes in Equity | 4
Notes to the Financial Statements | 5—9

Page 1
Bayford New Horizons Limited
Accountants' Report
For The Year Ended 30 April 2025
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Bayford New Horizons Limited for the year ended 30 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bayford New Horizons Limited which comprise the Profit and Loss Account, the Balance Sheet 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/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Bayford New Horizons Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Bayford New Horizons Limited and state those matters that we have agreed to state to the directors of Bayford New Horizons Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bayford New Horizons Limited and its 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 accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss 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 accounts 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 financial statements.

19 November 2025

Nuvo Scotland Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX
Page 1
Page 2
Bayford New Horizons Limited
Balance Sheet
As At 30 April 2025
Balance Sheet
Registered number: 07102171

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 46,506 |  | 53,149
Tangible Assets | 5 |  | 5,865 |  | 11,542
|  |  | 52,371 |  | 64,691
CURRENT ASSETS
Stocks | 6 | 2,500 |  | 2,500 |
Debtors | 7 | 357,281 |  | 671,051 |
Cash at bank and in hand |  | 1,459,406 |  | 1,192,924 |
|  | 1,819,187 |  | 1,866,475 |
Creditors: Amounts Falling Due Within One Year | 8 | (1,161,205 ) |  | (1,147,335 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 657,982 |  | 719,140
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 710,353 |  | 783,831
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (1,466 ) |  | (2,883 )
NET ASSETS |  |  | 708,887 |  | 780,948
CAPITAL AND RESERVES
Called up share capital | 11 |  | 100 |  | 100
Profit and Loss Account |  |  | 708,787 |  | 780,848
SHAREHOLDERS' FUNDS |  |  | 708,887 |  | 780,948

Page 2
Page 3
Bayford New Horizons Limited
Balance Sheet (continued)
As At 30 April 2025
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mrs C Barry Director
19 November 2025

The notes on pages 5 to 9 form part of these financial statements.
Page 3
Page 4
Bayford New Horizons Limited
Statement of Changes in Equity
For The Year Ended 30 April 2025
Statement of Changes in Equity

| Share Capital | Profit and Loss Account | Total
--- | --- | --- | ---
| £ | £ | £
As at 1 May 2023 | 100 | 2,731,574 | 2,731,674
Profit for the year and total comprehensive income | - | 661,820 | 661,820
Dividends paid | - | (2,612,546) | (2,612,546)
As at 30 April 2024 and 1 May 2024 | 100 | 780,848 | 780,948
Profit for the year and total comprehensive income | - | 1,211,929 | 1,211,929
Dividends paid | - | (1,283,990) | (1,283,990)
As at 30 April 2025 | 100 | 708,787 | 708,887

Page 4
Page 5
Bayford New Horizons Limited
Notes to the Financial Statements
For The Year Ended 30 April 2025
Notes to the Financial Statements
1. General Information
Bayford New Horizons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07102171 . The registered office is Unit E Blenheim House, 1 Blenheim Road, Epsom, Surrey, KT19 9AP.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts, discounts and value added taxes.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of twenty years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are patents and licences. They are amortised to profit and loss account over its estimated economic 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.
2.5. Tangible Fixed Assets and Depreciation
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Assets held under finance leases are depreciated in the same way as owned assets.
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Improvements to property | 20% on cost
Plant & Machinery | 20% and 25% on cost
Fixtures & Fittings | 20% on cost and 25% on cost
Computer Equipment | 25% and 33% on cost

2.6. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 5
Page 6
Bayford New Horizons Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
2.8. Financial Instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.
Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.
Basic financial liabilities
Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.
Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.
Financial liabilities are derecognised when the company's contractual obligations are discharged.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
2.9. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.11. Government Grant
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.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.12. 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.
Page 6
Page 7
Bayford New Horizons Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 231 (2024: 225)
231 225
4. Intangible Assets

| Goodwill | Patents and licences | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 May 2024 | 282,873 | 67,513 | 350,386
As at 30 April 2025 | 282,873 | 67,513 | 350,386
Amortisation
As at 1 May 2024 | 229,724 | 67,513 | 297,237
Provided during the period | 6,643 | - | 6,643
As at 30 April 2025 | 236,367 | 67,513 | 303,880
Net Book Value
As at 30 April 2025 | 46,506 | - | 46,506
As at 1 May 2024 | 53,149 | - | 53,149

5. Tangible Assets

| Land & Property
--- | ---
| Improvements to property | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 May 2024 | 5,097 | 2,447 | 25,812 | 70,476 | 103,832
Additions | - | - | 204 | 2,160 | 2,364
Disposals | - | (460 ) | (1,287 ) | (28,563 ) | (30,310 )
As at 30 April 2025 | 5,097 | 1,987 | 24,729 | 44,073 | 75,886
Depreciation
As at 1 May 2024 | 5,097 | 2,447 | 24,160 | 60,586 | 92,290
Provided during the period | - | - | 721 | 7,317 | 8,038
Disposals | - | (460 ) | (1,287 ) | (28,560 ) | (30,307 )
As at 30 April 2025 | 5,097 | 1,987 | 23,594 | 39,343 | 70,021
Net Book Value
As at 30 April 2025 | - | - | 1,135 | 4,730 | 5,865
As at 1 May 2024 | - | - | 1,652 | 9,890 | 11,542

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 2,500 |  | 2,500

Page 7
Page 8
Bayford New Horizons Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 37,615 |  | 378,864
Prepayments and accrued income | 306,740 |  | 278,872
Other debtors | 12,926 |  | 13,315
| 357,281 |  | 671,051

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 106,763 |  | 118,621
Corporation tax | 397,295 |  | 318,103
Other taxes and social security | 18,061 |  | 25,299
Other creditors | 136 |  | 26,737
Accruals and deferred income | 638,950 |  | 658,575
| 1,161,205 |  | 1,147,335

9. Secured Creditors
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.
10. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
As at 1 May 2024 | 2,883 | 2,883
Deferred taxation | (1,417 ) | (1,417 )
Balance at 30 April 2025 | 1,466 | 1,466

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 160,951 |  | 172,832
Later than one year and not later than five years | 648,125 |  | 826,187
| 809,076 |  | 999,019

Page 8
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Bayford New Horizons Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
13. Ultimate Controlling Party
The ultimate controlling parties P Barry, S Davies and J Rowden by virtue of their trusteeship in the ultimate parent entity.
The immediate and ultimate parent entity is Bayford New Horizons Trust Limited by virtue of it's ownership of 100% of the issued share capital of Bayford New Horizons Limited.
Page 9