Registered number
12175481
Nexgen Windows Limited
Unaudited Filleted Accounts
30 September 2023
Nexgen Windows Limited
Registered number: 12175481
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 36,400 41,600
Tangible assets 4 12,198 15,254
48,598 56,854
Current assets
Stocks 10,000 10,000
Debtors 5 274,254 230,316
Cash at bank and in hand 155,220 90,632
439,474 330,948
Creditors: amounts falling due within one year 6 (136,945) (118,630)
Net current assets 302,529 212,318
Net assets 351,127 269,172
Capital and reserves
Called up share capital 3 3
Profit and loss account 351,124 269,169
Shareholders' funds 351,127 269,172
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Coates
Director
Approved by the board on 8 April 2024
Nexgen Windows Limited
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2022 52,000
At 30 September 2023 52,000
Amortisation
At 1 October 2022 10,400
Provided during the year 5,200
At 30 September 2023 15,600
Net book value
At 30 September 2023 36,400
At 30 September 2022 41,600
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Motor vehicles
£
Cost
At 1 October 2022 20,210
At 30 September 2023 20,210
Depreciation
At 1 October 2022 4,956
Charge for the year 3,056
At 30 September 2023 8,012
Net book value
At 30 September 2023 12,198
At 30 September 2022 15,254
5 Debtors 2023 2022
£ £
Trade debtors 274,254 230,316
6 Creditors: amounts falling due within one year 2023 2022
£ £
VAT 54,697 35,608
Directors loan account 26,703 27,980
Taxation and social security costs 55,545 27,621
Credit Card - 27,421
136,945 118,630
7 Other information
Nexgen Windows Limited is a private company limited by shares and incorporated in England. Its registered office is:
Office 20, BSS House
Cheney Manor Industrial Estate
Swindon
SN2 2PJ
Nexgen Windows Limited 12175481 false 2022-10-01 2023-09-30 2023-09-30 VT Final Accounts April 2022 Mr M Coates No description of principal activity 12175481 2021-10-01 2022-09-30 12175481 core:WithinOneYear 2022-09-30 12175481 core:ShareCapital 2022-09-30 12175481 core:RetainedEarningsAccumulatedLosses 2022-09-30 12175481 2022-10-01 2023-09-30 12175481 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12175481 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 12175481 bus:Director40 2022-10-01 2023-09-30 12175481 1 2022-10-01 2023-09-30 12175481 2 2022-10-01 2023-09-30 12175481 core:Goodwill 2022-10-01 2023-09-30 12175481 core:Vehicles 2022-10-01 2023-09-30 12175481 countries:England 2022-10-01 2023-09-30 12175481 bus:FRS102 2022-10-01 2023-09-30 12175481 bus:FullAccounts 2022-10-01 2023-09-30 12175481 2023-09-30 12175481 core:WithinOneYear 2023-09-30 12175481 core:ShareCapital 2023-09-30 12175481 core:RetainedEarningsAccumulatedLosses 2023-09-30 12175481 core:Goodwill 2023-09-30 12175481 core:Vehicles 2023-09-30 12175481 2022-09-30 12175481 core:Goodwill 2022-09-30 12175481 core:Vehicles 2022-09-30 iso4217:GBP xbrli:pure