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REGISTERED NUMBER: 12355809 (England and Wales)















NXT GEN CIVIL ENGINEERING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023






NXT GEN CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 12355809)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NXT GEN CIVIL ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: A O Hilton
A M Daniels
J Williams



REGISTERED OFFICE: W H Prior
Railway Court
Doncaster
South Yorkshire
DN4 5FB



REGISTERED NUMBER: 12355809 (England and Wales)



ACCOUNTANTS: W H Prior
Chartered Certified Accountants
Railway Court
Off Ten Pound Walk
Doncaster
South Yorkshire
DN4 5FB



BANKERS: Starling Bank Limited

NXT GEN CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 12355809)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 166,730 57,150

CURRENT ASSETS
Stocks 600 750
Debtors 5 387,702 298,297
Cash at bank 70,117 69,916
458,419 368,963
CREDITORS
Amounts falling due within one year 6 252,158 207,463
NET CURRENT ASSETS 206,261 161,500
TOTAL ASSETS LESS CURRENT
LIABILITIES

372,991

218,650

CREDITORS
Amounts falling due after more than one
year

7

(126,540

)

(71,067

)

PROVISIONS FOR LIABILITIES (20,296 ) (14,288 )
NET ASSETS 226,155 133,295

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 226,125 133,265
SHAREHOLDERS' FUNDS 226,155 133,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

NXT GEN CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 12355809)

BALANCE SHEET - continued
31ST DECEMBER 2023


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 17th September 2024 and were signed on its behalf by:




J Williams - Director



A M Daniels - Director


NXT GEN CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 12355809)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Nxt Gen Civil Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods - Turnover from the sale of goods is recognised at the point of sale.

Rendering of services - Turnover from the provision of services is recognised on completion of the service and, for engagements spanning the balance sheet date, it is recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on cost and 15% on reducing balance

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

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.

NXT GEN CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 12355809)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 90,603
Additions 143,138
At 31st December 2023 233,741
DEPRECIATION
At 1st January 2023 33,453
Charge for year 33,558
At 31st December 2023 67,011
NET BOOK VALUE
At 31st December 2023 166,730
At 31st December 2022 57,150

NXT GEN CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 12355809)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1st January 2023 86,693
Additions 134,450
At 31st December 2023 221,143
DEPRECIATION
At 1st January 2023 32,378
Charge for year 30,873
At 31st December 2023 63,251
NET BOOK VALUE
At 31st December 2023 157,892
At 31st December 2022 54,315

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 254,078 200,982
Other debtors 133,624 97,315
387,702 298,297

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts and finance leases 40,807 16,606
Trade creditors 130,198 115,321
Taxation and social security 19,222 42,612
Other creditors 51,931 22,924
252,158 207,463

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 19,167 29,167
Hire purchase contracts and finance leases 107,373 41,900
126,540 71,067

NXT GEN CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 12355809)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts and finance leases 148,180 58,506

The finance lease and hire purchase obligations are secured over the assets subject to the finance lease and hire purchase agreements, and in one case by personal guarantees provided by the company directors.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2023 and 31st December 2022:

2023 2022
£    £   
A M Daniels
Balance outstanding at start of year (3,751 ) (6,072 )
Amounts advanced 3,410 2,321
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (341 ) (3,751 )

J Williams
Balance outstanding at start of year (95 ) (4,546 )
Amounts advanced - 4,451
Amounts repaid (5,878 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,973 ) (95 )

A O Hilton
Balance outstanding at start of year (5,544 ) (7,812 )
Amounts advanced - 2,268
Amounts repaid (11,106 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (16,650 ) (5,544 )