1 false false false false false false false false false true false false false false false false No description of principal activity 2022-09-30 Sage Accounts Production Advanced 2021 - FRS102_2021 15,736 1,239 16,975 13,395 2,255 15,650 1,325 2,341 191,607 13,333 14,431 163,843 163,843 191,607 xbrli:pure xbrli:shares iso4217:GBP 09374489 2022-09-30 2023-09-29 09374489 2023-09-29 09374489 2022-09-29 09374489 2021-09-30 2022-09-29 09374489 2022-09-29 09374489 bus:OrdinaryShareClass1 2022-09-30 2023-09-29 09374489 bus:Director1 2022-09-30 2023-09-29 09374489 core:WithinOneYear 2022-09-29 09374489 core:ShareCapital 2023-09-29 09374489 core:ShareCapital 2022-09-29 09374489 core:OtherReservesSubtotal 2023-09-29 09374489 core:OtherReservesSubtotal 2022-09-29 09374489 core:RetainedEarningsAccumulatedLosses 2023-09-29 09374489 core:RetainedEarningsAccumulatedLosses 2022-09-29 09374489 core:CostValuation core:Non-currentFinancialInstruments 2022-09-29 09374489 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-09-29 09374489 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2023-09-29 09374489 core:CostValuation core:Non-currentFinancialInstruments 2023-09-29 09374489 core:Non-currentFinancialInstruments 2023-09-29 09374489 core:Non-currentFinancialInstruments 2022-09-29 09374489 core:AfterOneYear 2023-09-29 09374489 core:AfterOneYear 2022-09-29 09374489 bus:SmallEntities 2022-09-30 2023-09-29 09374489 bus:AuditExemptWithAccountantsReport 2022-09-30 2023-09-29 09374489 bus:FullAccounts 2022-09-30 2023-09-29 09374489 bus:SmallCompaniesRegimeForAccounts 2022-09-30 2023-09-29 09374489 bus:PrivateLimitedCompanyLtd 2022-09-30 2023-09-29 09374489 bus:OrdinaryShareClass1 2023-09-29 09374489 bus:OrdinaryShareClass1 2022-09-29 09374489 core:ComputerEquipment 2022-09-30 2023-09-29 09374489 core:ComputerEquipment 2022-09-29 09374489 core:ComputerEquipment 2023-09-29
COMPANY REGISTRATION NUMBER: 09374489
NEXTGEN DATA LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
29 September 2023
NEXTGEN DATA LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 29 SEPTEMBER 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
NEXTGEN DATA LIMITED
BALANCE SHEET
29 September 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
1,325
2,341
Investments
6
163,843
191,607
------------
------------
165,168
193,948
Current assets
Debtors
7
40,503
78,719
Cash at bank and in hand
7,466
9,463
------------
------------
47,969
88,182
Creditors: amounts falling due within one year
8
( 2,557)
------------
------------
Net current assets
47,969
85,625
------------
------------
Total assets less current liabilities
213,137
279,573
------------
------------
Capital and reserves
Called up share capital
9
100
100
Other reserves
42,378
56,810
Profit and loss account
170,659
222,663
------------
------------
Shareholders funds
213,137
279,573
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 29 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 September 2024 , and are signed on behalf of the board by:
Mr T S Towndrow
Director
Company registration number: 09374489
NEXTGEN DATA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29 SEPTEMBER 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, West Yorkshire, HD1 1PA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
33% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: ( 1 )).
5. Tangible assets
Computer equipment
£
Cost
At 30 September 2022
15,736
Additions
1,239
------------
At 29 September 2023
16,975
------------
Depreciation
At 30 September 2022
13,395
Charge for the year
2,255
------------
At 29 September 2023
15,650
------------
Carrying amount
At 29 September 2023
1,325
------------
At 29 September 2022
2,341
------------
6. Investments
Other investments other than loans
£
Cost
At 30 September 2022
191,607
Disposals
( 13,333)
Revaluations
( 14,431)
------------
At 29 September 2023
163,843
------------
Impairment
At 30 September 2022 and 29 September 2023
------------
Carrying amount
At 29 September 2023
163,843
------------
At 29 September 2022
191,607
------------
7. Debtors
2023
2022
£
£
Director's loan account
20,865
59,073
Other debtors
19,638
19,646
------------
------------
40,503
78,719
------------
------------
The debtors above include the following amounts falling due after more than one year:
2023
2022
£
£
Other debtors
6,781
19,293
------------
------------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
2,557
------------
------------
9. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
10. Director's advances, credits and guarantees
Included in debtors is a loan to the director, amounting to : £ Amount outstanding at end of the year 20,865 Amount outstanding at beginning of the year 59,073 Maximum outstanding during the year 59,073 Interest has been charged on the loan at HMRC's official rate of interest. The interest charge in the year was £880 (2022: £1,340).
11. Related party transactions
The company is controlled by the director.