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Company Registration No. 09754663 (England and Wales)
Next Gen Elevators Ltd Unaudited accounts for the year ended 31 August 2023
Next Gen Elevators Ltd Unaudited accounts Contents
Page
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Next Gen Elevators Ltd Company Information for the year ended 31 August 2023
Directors
Mr G Clark Mr D Avers
Company Number
09754663 (England and Wales)
Registered Office
42 RUTHERFORD RD LONDON SE2 0XU UNITED KINGDOM
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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Next Gen Elevators Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
756 
990 
Cash at bank and in hand
22,581 
7,780 
23,337 
8,770 
Creditors: amounts falling due within one year
(93,970)
(67,647)
Net current liabilities
(70,633)
(58,877)
Total assets less current liabilities
(70,633)
(58,877)
Creditors: amounts falling due after more than one year
(25,756)
(35,870)
Net liabilities
(96,389)
(94,747)
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
(96,491)
(94,849)
Shareholders' funds
(96,389)
(94,747)
For the year ending 31 August 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 29 July 2024 and were signed on its behalf by
Mr G Clark Director Company Registration No. 09754663
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Next Gen Elevators Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Next Gen Elevators Ltd is a private company, limited by shares, registered in England and Wales, registration number 09754663. The registered office is 42 RUTHERFORD RD, LONDON, SE2 0XU, 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.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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 is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
756 
990 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
11,041 
Taxes and social security
58,010 
50,143 
Other creditors
14,960 
3,003 
Loans from directors
8,000 
460 
Accruals
3,000 
3,000 
93,970 
67,647 
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Next Gen Elevators Ltd Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,756 
35,870 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
102 Ordinary shares of £1 each
102 
102 
8
Controlling party
The ultimate controlling party is Mr G Clark and Mr Dean Avers by virtue of their shareholdings.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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