1 April 2022 false No description of principal activity Taxfiler 2023.10 09040136business:PrivateLimitedCompanyLtd2022-04-012023-03-31 090401362022-03-31 090401362022-04-012023-03-31 09040136business:AuditExemptWithAccountantsReport2022-04-012023-03-31 09040136business:FilletedAccounts2022-04-012023-03-31 090401362023-03-31 09040136business:Director12022-04-012023-03-31 09040136business:Director22022-04-012023-03-31 09040136business:Director32022-04-012023-03-31 09040136business:RegisteredOffice2022-04-012023-03-31 090401362022-03-31 09040136core:WithinOneYear2023-03-31 09040136core:WithinOneYear2022-03-31 09040136core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 09040136core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 09040136core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 09040136core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 09040136core:PreviouslyStatedAmount2023-03-31 09040136core:PreviouslyStatedAmount2022-03-31 09040136business:SmallEntities2022-04-012023-03-31 09040136countries:EnglandWales2022-04-012023-03-31 09040136core:PlantMachinery2022-04-012023-03-31 09040136core:MotorVehicles2022-04-012023-03-31 09040136core:FurnitureFittings2022-04-012023-03-31 09040136core:ComputerEquipment2022-04-012023-03-31 09040136core:IntangibleAssetsOtherThanGoodwill2022-03-31 09040136core:IntangibleAssetsOtherThanGoodwill2023-03-31 09040136core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31 09040136core:PlantMachinery2022-03-31 09040136core:MotorVehicles2022-03-31 09040136core:FurnitureFittings2022-03-31 09040136core:ComputerEquipment2022-03-31 09040136core:PlantMachinery2023-03-31 09040136core:MotorVehicles2023-03-31 09040136core:FurnitureFittings2023-03-31 09040136core:ComputerEquipment2023-03-31 09040136core:BetweenOneFiveYears2023-03-31 09040136core:BetweenOneFiveYears2022-03-31 090401362021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 09040136 (England and Wales)
NXTGen Technology Limited Unaudited accounts for the year ended 31 March 2023
NXTGen Technology Limited Unaudited accounts Contents
Page
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NXTGen Technology Limited Company Information for the year ended 31 March 2023
Directors
M Atherton G Busby W Curtis
Company Number
09040136 (England and Wales)
Registered Office
Oak House B Ransom Wood Business Park Southwell Road West, Rainworth Mansfield NG21 0HJ
Accountants
Future Cloud Accounting Limited 14 Halifax Court Fernwood Business Centre Newark Nottinghamshire NG24 3JP
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NXTGen Technology Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,006 
3,826 
Tangible assets
12,427 
15,008 
15,433 
18,834 
Current assets
Debtors
49,066 
62,476 
Cash at bank and in hand
71,179 
78,198 
120,245 
140,674 
Creditors: amounts falling due within one year
(67,992)
(96,344)
Net current assets
52,253 
44,330 
Total assets less current liabilities
67,686 
63,164 
Provisions for liabilities
Deferred tax
(3,107)
(3,752)
Net assets
64,579 
59,412 
Capital and reserves
Called up share capital
153 
153 
Profit and loss account
64,426 
59,259 
Shareholders' funds
64,579 
59,412 
For the year ending 31 March 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 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 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 of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by
W Curtis Director Company Registration No. 09040136
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NXTGen Technology Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
NXTGen Technology Limited is a private company, limited by shares, registered in England and Wales, registration number 09040136. The registered office is Oak House B Ransom Wood Business Park, Southwell Road West, Rainworth, Mansfield, NG21 0HJ.
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:
Plant & machinery
20% Straight line
Motor vehicles
25% Reducing balance
Fixtures & fittings
20% Straight line
Computer equipment
33% Straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation has been provided over the assets useful life of five years.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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NXTGen Technology Limited Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2022
4,099 
At 31 March 2023
4,099 
Amortisation
At 1 April 2022
273 
Charge for the year
820 
At 31 March 2023
1,093 
Net book value
At 31 March 2023
3,006 
At 31 March 2022
3,826 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
8,419 
2,200 
2,781 
8,912 
22,312 
Additions
1,239 
- 
197 
12,939 
14,375 
Disposals
- 
(2,200)
(149)
(15,855)
(18,204)
At 31 March 2023
9,658 
- 
2,829 
5,996 
18,483 
Depreciation
At 1 April 2022
676 
458 
1,200 
4,970 
7,304 
Charge for the year
1,828 
- 
543 
1,584 
3,955 
On disposals
- 
(458)
(77)
(4,668)
(5,203)
At 31 March 2023
2,504 
- 
1,666 
1,886 
6,056 
Net book value
At 31 March 2023
7,154 
- 
1,163 
4,110 
12,427 
At 31 March 2022
7,743 
1,742 
1,581 
3,942 
15,008 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
33,175 
53,415 
Accrued income and prepayments
14,478 
6,144 
Other debtors
1,413 
2,917 
49,066 
62,476 
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NXTGen Technology Limited Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
8,736 
44,327 
Taxes and social security
27,342 
15,964 
Other creditors
27,469 
29,419 
Accruals
4,445 
6,634 
67,992 
96,344 
8
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
6,131 
3,018 
Later than one year and not later than five years
16,807 
- 
22,938 
3,018 
9
Average number of employees
During the year the average number of employees was 4 (2022: 3).
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