1 March 2021 false No description of principal activity Taxfiler 2022.8.3 SC337442business:PrivateLimitedCompanyLtd2021-03-012022-02-28 SC3374422021-02-28 SC3374422021-03-012022-02-28 SC337442business:AuditExempt-NoAccountantsReport2021-03-012022-02-28 SC337442business:FullAccounts2021-03-012022-02-28 SC3374422022-02-28 SC337442business:Director12021-03-012022-02-28 SC337442business:RegisteredOffice2021-03-012022-02-28 SC3374422021-02-28 SC337442core:WithinOneYear2022-02-28 SC337442core:WithinOneYear2021-02-28 SC337442core:AfterOneYear2022-02-28 SC337442core:AfterOneYear2021-02-28 SC337442core:ShareCapital2022-02-28 SC337442core:ShareCapital2021-02-28 SC337442core:RetainedEarningsAccumulatedLosses2022-02-28 SC337442core:RetainedEarningsAccumulatedLosses2021-02-28 SC337442business:SmallEntities2021-03-012022-02-28 SC337442countries:Scotland2021-03-012022-02-28 SC337442core:ComputerEquipment2021-03-012022-02-28 SC337442core:FurnitureFittings2021-02-28 SC337442core:ComputerEquipment2021-02-28 SC337442core:FurnitureFittings2021-03-012022-02-28 SC337442core:FurnitureFittings2022-02-28 SC337442core:ComputerEquipment2022-02-28 SC3374422020-03-012021-02-28 iso4217:GBP xbrli:pure
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
Page
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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
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Next Business (Ideas) Limited Statement of financial position as at 28 February 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
756 
1,330 
Current assets
Debtors
19,795 
20,381 
Cash at bank and in hand
12,085 
(330)
31,880 
20,051 
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
Deferred tax
(144)
(84)
Net liabilities
(4,515)
(3,492)
Capital and reserves
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
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Next Business (Ideas) Limited Notes to the Accounts for the year ended 28 February 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
- 
663 
663 
At 28 February 2022
350 
3,479 
3,829 
Depreciation
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 
Net book value
At 28 February 2022
(1)
757 
756 
At 28 February 2021
116 
1,214 
1,330 
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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 
£ 
£ 
VAT
- 
161 
Trade debtors
3,830 
4,255 
Other debtors
15,965 
15,965 
19,795 
20,381 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
3,234 
3,421 
VAT
2,021 
16,881 
Trade creditors
859 
- 
Taxes and social security
22,326 
19,181 
Other creditors
- 
5,011 
Loans from directors
(4,303)
(34,955)
Accruals
- 
250 
24,137 
9,789 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
12,870 
15,000 
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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