1 January 2023 false No description of principal activity Taxfiler 2023.10 11124822business:PrivateLimitedCompanyLtd2023-01-012023-10-31 111248222022-12-31 111248222023-01-012023-10-31 11124822business:AuditExempt-NoAccountantsReport2023-01-012023-10-31 11124822business:FilletedAccounts2023-01-012023-10-31 111248222023-10-31 11124822business:Director12023-01-012023-10-31 11124822business:RegisteredOffice2023-01-012023-10-31 111248222022-12-31 11124822core:WithinOneYear2023-10-31 11124822core:WithinOneYear2022-12-31 11124822core:AfterOneYear2023-10-31 11124822core:AfterOneYear2022-12-31 11124822core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 11124822core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 11124822core:SharePremiumcore:PreviouslyStatedAmount2023-10-31 11124822core:SharePremiumcore:PreviouslyStatedAmount2022-12-31 11124822core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 11124822core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 11124822core:PreviouslyStatedAmount2023-10-31 11124822core:PreviouslyStatedAmount2022-12-31 11124822business:SmallEntities2023-01-012023-10-31 11124822countries:EnglandWales2023-01-012023-10-31 11124822core:PlantMachinery2023-01-012023-10-31 11124822core:FurnitureFittings2023-01-012023-10-31 11124822core:ComputerEquipment2023-01-012023-10-31 11124822core:PlantMachinery2022-12-31 11124822core:FurnitureFittings2022-12-31 11124822core:ComputerEquipment2022-12-31 11124822core:PlantMachinery2023-10-31 11124822core:FurnitureFittings2023-10-31 11124822core:ComputerEquipment2023-10-31 111248222022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 11124822 (England and Wales)
Nexgen Plumbing Products Ltd Unaudited accounts for the period from 1 January 2023 to 31 October 2023
Nexgen Plumbing Products Ltd Unaudited accounts Contents
Page
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Nexgen Plumbing Products Ltd Company Information for the period from 1 January 2023 to 31 October 2023
Director
Martin Sach
Company Number
11124822 (England and Wales)
Registered Office
49 Station Road Polegate BN26 6EA United Kingdom
Accountants
Abacus Jack Ltd New Century House Crowther Road Washington Tyne and Wear NE38 0QA
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Nexgen Plumbing Products Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
- 
650 
Fixed assets
Tangible assets
- 
1,297 
Current assets
Cash at bank and in hand
41 
3,269 
Creditors: amounts falling due within one year
(24,495)
(17,429)
Net current liabilities
(24,454)
(14,160)
Total assets less current liabilities
(24,454)
(12,213)
Creditors: amounts falling due after more than one year
- 
(4,546)
Net liabilities
(24,454)
(16,759)
Capital and reserves
Called up share capital
1,000 
1,000 
Share premium
99,645 
99,645 
Profit and loss account
(125,099)
(117,404)
Shareholders' funds
(24,454)
(16,759)
For the period ending 31 October 2023 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 7 October 2023 and were signed on its behalf by
Martin Sach Director Company Registration No. 11124822
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Nexgen Plumbing Products Ltd Notes to the Accounts for the period from 1 January 2023 to 31 October 2023
1
Statutory information
Nexgen Plumbing Products Ltd is a private company, limited by shares, registered in England and Wales, registration number 11124822. The registered office is 49 Station Road, Polegate, BN26 6EA, United Kingdom.
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 period, 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:
Plant & machinery
25% Reducing balance
Fixtures & fittings
33% Straight Line
Computer equipment
25% Reducing balance
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
29,500 
992 
1,797 
32,289 
At 31 October 2023
29,500 
992 
1,797 
32,289 
Depreciation
At 1 January 2023
29,500 
662 
830 
30,992 
Charge for the period
- 
330 
967 
1,297 
At 31 October 2023
29,500 
992 
1,797 
32,289 
Net book value
At 31 October 2023
- 
- 
- 
- 
At 31 December 2022
- 
330 
967 
1,297 
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Nexgen Plumbing Products Ltd Notes to the Accounts for the period from 1 January 2023 to 31 October 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
2,172 
VAT
1,410 
1,858 
Loans from directors
23,085 
13,399 
24,495 
17,429 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
4,546 
7
Average number of employees
During the period the average number of employees was 0 (2022: 0).
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