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REGISTERED NUMBER: 14168883 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Next Generation Energy Limited

Next Generation Energy Limited (Registered number: 14168883)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Next Generation Energy Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A E Almack
W Brannon





REGISTERED OFFICE: 30 Yorkersgate
Malton
North Yorkshire
YO17 7AW





REGISTERED NUMBER: 14168883 (England and Wales)





ACCOUNTANTS: Hardcastle France
Chartered Accountants
30 Yorkersgate
Malton
North Yorkshire
YO17 7AW

Next Generation Energy Limited (Registered number: 14168883)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,126 20,774

CURRENT ASSETS
Stocks 47,000 500
Debtors 5 46,363 56,668
Cash at bank 7,110 78,509
100,473 135,677
CREDITORS
Amounts falling due within one year 6 115,009 94,998
NET CURRENT (LIABILITIES)/ASSETS (14,536 ) 40,679
TOTAL ASSETS LESS CURRENT LIABILITIES 34,590 61,453

PROVISIONS FOR LIABILITIES 11,618 -
NET ASSETS 22,972 61,453

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 22,872 61,353
SHAREHOLDERS' FUNDS 22,972 61,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Next Generation Energy Limited (Registered number: 14168883)

Balance Sheet - continued
30 June 2024


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 Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:




A E Almack - Director



W Brannon - Director


Next Generation Energy Limited (Registered number: 14168883)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Next Generation Energy Limited 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.

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 etc - 25% on reducing balance, 25% on cost and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Next Generation Energy Limited (Registered number: 14168883)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 26,445
Additions 51,777
Disposals (10,900 )
At 30 June 2024 67,322
DEPRECIATION
At 1 July 2023 5,671
Charge for year 15,250
Eliminated on disposal (2,725 )
At 30 June 2024 18,196
NET BOOK VALUE
At 30 June 2024 49,126
At 30 June 2023 20,774

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,171 45,312
Amounts owed by group undertakings - 3,537
Other debtors 15,192 7,819
46,363 56,668

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,366 43,513
Amounts owed to group undertakings 57,720 -
Taxation and social security 29,072 48,899
Other creditors 6,851 2,586
115,009 94,998

Next Generation Energy Limited (Registered number: 14168883)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

A total of £57,720 is owed to companies controlled by the directors at the balance sheet date (2023: £3,537 owed to the company).

Dividends of £150,000 have been paid by the company to companies controlled by the directors in the year.