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
Nexgen Plumbing Products Ltd
Company Information
for the period from 1 January 2023 to 31 October 2023
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
Nexgen Plumbing Products Ltd
Statement of financial position
as at 31 October 2023
Called up share capital not paid
-
650
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)
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
Nexgen Plumbing Products Ltd
Notes to the Accounts
for the period from 1 January 2023 to 31 October 2023
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.
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.
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:
Plant & machinery
25% Reducing balance
Fixtures & fittings
33% Straight Line
Computer equipment
25% Reducing balance
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
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
At 31 October 2023
-
-
-
-
At 31 December 2022
-
330
967
1,297
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
Loans from directors
23,085
13,399
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the period the average number of employees was 0 (2022: 0).