Bayford New Horizons Limited

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

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

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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

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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.

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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

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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.

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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.

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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)

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

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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

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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.

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