Company Registration No. SC337442 (Scotland)
Next Business (Ideas) Limited
Unaudited accounts
for the year ended 28 February 2022
Next Business (Ideas) Limited
Unaudited accounts
Contents
Next Business (Ideas) Limited
Company Information
for the year ended 28 February 2022
Director
Andrew MacDonald Smith
Company Number
SC337442 (Scotland)
Registered Office
ABERDEEN BUSINESS NETWORK CENTRUM
214 UNION STREET
ABERDEEN
AB10 1TL
SCOTLAND
Next Business (Ideas) Limited
Statement of financial position
as at 28 February 2022
Cash at bank and in hand
12,085
(330)
Creditors: amounts falling due within one year
(24,137)
(9,789)
Net current assets
7,743
10,262
Total assets less current liabilities
8,499
11,592
Creditors: amounts falling due after more than one year
(12,870)
(15,000)
Provisions for liabilities
Net liabilities
(4,515)
(3,492)
Called up share capital
1,000
1,000
Profit and loss account
(5,515)
(4,492)
Shareholders' funds
(4,515)
(3,492)
For the year ending 28 February 2022 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 September 2022 and were signed on its behalf by
Andrew MacDonald Smith
Director
Company Registration No. SC337442
Next Business (Ideas) Limited
Notes to the Accounts
for the year ended 28 February 2022
Next Business (Ideas) Limited is a private company, limited by shares, registered in Scotland, registration number SC337442. The registered office is ABERDEEN BUSINESS NETWORK CENTRUM, 214 UNION STREET, ABERDEEN, AB10 1TL, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
15% on reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2021
350
2,816
3,166
At 28 February 2022
350
3,479
3,829
At 1 March 2021
234
1,602
1,836
Charge for the year
117
1,120
1,237
At 28 February 2022
351
2,722
3,073
At 28 February 2022
(1)
757
756
At 28 February 2021
116
1,214
1,330
Next Business (Ideas) Limited
Notes to the Accounts
for the year ended 28 February 2022
5
Debtors: amounts falling due within one year
2022
2021
Other debtors
15,965
15,965
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
3,234
3,421
Taxes and social security
22,326
19,181
Loans from directors
(4,303)
(34,955)
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).