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REGISTERED NUMBER: 10686468 (England and Wales)







Unaudited Financial Statements

for the Period 1 April 2022 to 30 April 2023

for

NXTGen Quality Ltd

NXTGen Quality Ltd (Registered number: 10686468)






Contents of the Financial Statements
for the Period 1 April 2022 to 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NXTGen Quality Ltd

Company Information
for the Period 1 April 2022 to 30 April 2023







DIRECTOR: Mr I McCabe





REGISTERED OFFICE: Military House
24 Castle Street
Chester
Cheshire
CH1 2DS





REGISTERED NUMBER: 10686468 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

NXTGen Quality Ltd (Registered number: 10686468)

Balance Sheet
30 April 2023

30.4.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,617 53,471

CURRENT ASSETS
Debtors 5 20,573 9,872
Cash at bank 34,253 34,357
54,826 44,229
CREDITORS
Amounts falling due within one year 6 19,507 11,609
NET CURRENT ASSETS 35,319 32,620
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,936

86,091

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 85,836 85,991
SHAREHOLDERS' FUNDS 85,936 86,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2023 and were signed by:



Mr I McCabe - Director


NXTGen Quality Ltd (Registered number: 10686468)

Notes to the Financial Statements
for the Period 1 April 2022 to 30 April 2023

1. STATUTORY INFORMATION

NXTGen Quality Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the period comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

NXTGen Quality Ltd (Registered number: 10686468)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022
and 30 April 2023 56,000 828 56,828
DEPRECIATION
At 1 April 2022 2,800 557 3,357
Charge for period 2,800 54 2,854
At 30 April 2023 5,600 611 6,211
NET BOOK VALUE
At 30 April 2023 50,400 217 50,617
At 31 March 2022 53,200 271 53,471

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 31.3.22
£    £   
Trade debtors 20,573 9,872

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 31.3.22
£    £   
Taxation and social security 18,114 10,342
Other creditors 1,393 1,267
19,507 11,609

7. RELATED PARTY DISCLOSURES

During the period, total dividends of £45,000 (2022 - £41,000) were paid to the director .