Company Registration No. 11665509 (England and Wales)
Next Order Ltd
Unaudited accounts
for the year ended 31 December 2023
Next Order Ltd
Unaudited accounts
Contents
Next Order Ltd
Company Information
for the year ended 31 December 2023
Directors
Marc Beeston
Daniel Wilcock
Martin Wilcock
Company Number
11665509 (England and Wales)
Registered Office
KEMP HOUSE
160 CITY ROAD
LONDON
EC1V 2NX
UNITED KINGDOM
Accountants
Walling Accountants
Unit 1B Hallidays Farm
Bilsborrow
Preston
PR3 0RU
Next Order Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
8,200
10,205
Cash at bank and in hand
37,320
38,521
Creditors: amounts falling due within one year
(48,414)
(42,110)
Net current assets
78,255
69,762
Total assets less current liabilities
86,455
79,967
Creditors: amounts falling due after more than one year
(41,345)
(48,347)
Provisions for liabilities
Deferred tax
(1,558)
(1,730)
Called up share capital
100
100
Profit and loss account
43,452
29,790
Shareholders' funds
43,552
29,890
For the year ending 31 December 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 24 September 2024 and were signed on its behalf by
Marc Beeston
Director
Company Registration No. 11665509
Next Order Ltd
Notes to the Accounts
for the year ended 31 December 2023
Next Order Ltd is a private company, limited by shares, registered in England and Wales, registration number 11665509. The registered office is KEMP HOUSE, 160 CITY ROAD, LONDON, EC1V 2NX, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Computer equipment
33.3% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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 assets and liabilities are not discounted.
Next Order Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
6,200
7,125
442
13,767
At 31 December 2023
6,200
7,125
442
13,767
At 1 January 2023
1,421
1,952
189
3,562
Charge for the year
1,095
770
140
2,005
At 31 December 2023
2,516
2,722
329
5,567
At 31 December 2023
3,684
4,403
113
8,200
At 31 December 2022
4,779
5,173
253
10,205
Amounts falling due within one year
Amounts due from group undertakings etc.
79,465
-
Accrued income and prepayments
2,769
2,540
Amounts falling due after more than one year
Amounts due from group undertakings etc.
-
64,401
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,352
-
Obligations under finance leases and hire purchase contracts
-
2,100
Trade creditors
7,319
5,942
Taxes and social security
6,046
2,812
Other creditors
10,688
12,811
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 14 (2022: 14).