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REGISTERED NUMBER: 06946935 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

NEXT ACTION ASSOCIATES LIMITED

NEXT ACTION ASSOCIATES LIMITED (REGISTERED NUMBER: 06946935)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEXT ACTION ASSOCIATES LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr C E Lamont
Mr T A Brown





SECRETARY: Mr T A Brown





REGISTERED OFFICE: 1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB





REGISTERED NUMBER: 06946935 (England and Wales)





ACCOUNTANTS: THB LLP
1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB

NEXT ACTION ASSOCIATES LIMITED (REGISTERED NUMBER: 06946935)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,324 7,673

CURRENT ASSETS
Stocks 25,574 27,845
Debtors 5 317,809 286,108
Cash at bank 53,641 83,048
397,024 397,001
CREDITORS
Amounts falling due within one year 6 57,137 149,202
NET CURRENT ASSETS 339,887 247,799
TOTAL ASSETS LESS CURRENT
LIABILITIES

346,211

255,472

CREDITORS
Amounts falling due after more than one
year

7

979,859

874,398
NET LIABILITIES (633,648 ) (618,926 )

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 9 (633,658 ) (618,936 )
SHAREHOLDERS' FUNDS (633,648 ) (618,926 )

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

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

NEXT ACTION ASSOCIATES LIMITED (REGISTERED NUMBER: 06946935)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:




Mr T A Brown - Director



Mr C E Lamont - Director


NEXT ACTION ASSOCIATES LIMITED (REGISTERED NUMBER: 06946935)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Next Action Associates 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.
Office Equipments - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office
Equipments
£   
COST
At 1 January 2023 28,971
Additions 330
At 31 December 2023 29,301
DEPRECIATION
At 1 January 2023 21,298
Charge for year 1,679
At 31 December 2023 22,977
NET BOOK VALUE
At 31 December 2023 6,324
At 31 December 2022 7,673

NEXT ACTION ASSOCIATES LIMITED (REGISTERED NUMBER: 06946935)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 115,066 75,991
Other debtors 6,460 6,660
Intercompany Loan 58,800 58,800
VAT 133,589 141,224
Prepayments 3,894 3,433
317,809 286,108

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 14,453 109,118
Directors' current accounts 40,384 37,984
Accrued expenses 2,300 2,100
57,137 149,202

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Other creditors 979,859 874,398

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
1,000 Share capital 1 £0.01 10 10

9. RESERVES
Retained
earnings
£   

At 1 January 2023 (618,936 )
Deficit for the year (14,722 )
At 31 December 2023 (633,658 )

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the following amounts to its directors.
Mr T Brown £21,435 (2022 : £20,235)
Mr C E Lamont £18,949 (2022 : £17,749)

11. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by Mr T Brown, Mr C E Lamont, the directors of the company.