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Company Registration No. 08577763 (England and Wales)
Next Technologies Ltd Unaudited accounts for the year ended 30 June 2023
Next Technologies Ltd Unaudited accounts Contents
Page
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Next Technologies Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
503 
818 
Current assets
Debtors
- 
2,500 
Cash at bank and in hand
134,111 
109,718 
134,111 
112,218 
Creditors: amounts falling due within one year
(84,396)
(59,845)
Net current assets
49,715 
52,373 
Total assets less current liabilities
50,218 
53,191 
Creditors: amounts falling due after more than one year
(31,360)
(41,294)
Net assets
18,858 
11,897 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
18,848 
11,887 
Shareholders' funds
18,858 
11,897 
For the year ending 30 June 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 31 January 2024 and were signed on its behalf by
Mr Zaheeruddin Ahmed Director Company Registration No. 08577763
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Next Technologies Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Next Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 08577763. The registered office is 36 Stanley Road, Hounslow, TW3 1XY, England.
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:
Fixtures & fittings
Straightline 25%
Computer equipment
Straightline 25%
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2022
1,258 
At 30 June 2023
1,258 
Depreciation
At 1 July 2022
440 
Charge for the year
315 
At 30 June 2023
755 
Net book value
At 30 June 2023
503 
At 30 June 2022
818 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,400 
Accrued income and prepayments
- 
100 
- 
2,500 
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Next Technologies Ltd Notes to the Accounts for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
59 
326 
Taxes and social security
16,408 
13,234 
Other creditors
67,929 
46,285 
84,396 
59,845 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
31,360 
41,294 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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