Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01truefalseThe principal activity of the company is that of rigging services in the media industry.11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08880085 2023-03-01 2024-02-29 08880085 2022-03-01 2023-02-28 08880085 2024-02-29 08880085 2023-02-28 08880085 c:Director1 2023-03-01 2024-02-29 08880085 d:PlantMachinery 2024-02-29 08880085 d:PlantMachinery 2023-02-28 08880085 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 08880085 d:OfficeEquipment 2023-03-01 2024-02-29 08880085 d:CurrentFinancialInstruments 2024-02-29 08880085 d:CurrentFinancialInstruments 2023-02-28 08880085 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 08880085 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 08880085 d:ShareCapital 2024-02-29 08880085 d:ShareCapital 2023-02-28 08880085 d:RetainedEarningsAccumulatedLosses 2024-02-29 08880085 d:RetainedEarningsAccumulatedLosses 2023-02-28 08880085 c:OrdinaryShareClass1 2023-03-01 2024-02-29 08880085 c:OrdinaryShareClass1 2024-02-29 08880085 c:FRS102 2023-03-01 2024-02-29 08880085 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08880085 c:FullAccounts 2023-03-01 2024-02-29 08880085 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08880085 2 2023-03-01 2024-02-29 08880085 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08880085














NEXTGEN RIGGING LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

 
NEXTGEN RIGGING LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 5


 
NEXTGEN RIGGING LIMITED
REGISTERED NUMBER:08880085

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
27
36

Current assets
  

Debtors: amounts falling due within one year
 5 
9,603
3,919

Cash at bank and in hand
  
38,948
48,467

  
48,551
52,386

  

Creditors: amounts falling due within one year
 6 
(32,144)
(39,649)

Net current assets
  
 
 
16,407
 
 
12,737

  

Net assets
  
16,434
12,773


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
16,334
12,673

  
16,434
12,773


Page 1

 
NEXTGEN RIGGING LIMITED
REGISTERED NUMBER:08880085
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J Burnett
Director

Date: 22 August 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
NEXTGEN RIGGING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Nextgen Rigging Limited is a limited liability company incorporated in England and Wales with it's registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.

The principal activity of the company is that of rigging services in the media industry.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Creditors

Short term creditors are measured at the transaction price.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
NEXTGEN RIGGING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets







Plant and machinery

£



Cost or valuation


At 1 March 2023
475



At 29 February 2024

475



Depreciation


At 1 March 2023
439


Charge for the year on owned assets
9



At 29 February 2024

448



Net book value



At 29 February 2024
27



At 28 February 2023
36

Page 4

 
NEXTGEN RIGGING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
4,997
3,143

Prepayments and accrued income
4,606
776

9,603
3,919



6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
-
2,070

Taxation and social security
28,868
34,691

Other creditors
1,141
908

Accruals and deferred income
2,135
1,980

32,144
39,649



7.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



100 ordinary shares of £1 each
100
100


 
Page 5