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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
Page
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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
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Next Order Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,200 
10,205 
Current assets
Inventories
7,015 
6,310 
Debtors
82,334 
67,041 
Cash at bank and in hand
37,320 
38,521 
126,669 
111,872 
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)
Net assets
43,552 
29,890 
Capital and reserves
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
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Next Order Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Financial instruments
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 taxation
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.
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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 
Depreciation
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 
Net book value
At 31 December 2023
3,684 
4,403 
113 
8,200 
At 31 December 2022
4,779 
5,173 
253 
10,205 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
79,465 
- 
Accrued income and prepayments
2,769 
2,540 
Other debtors
100 
100 
82,334 
2,640 
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 
- 
VAT
15,127 
14,364 
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 
Accruals
2,882 
4,081 
48,414 
42,110 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
41,345 
48,347 
8
Average number of employees
During the year the average number of employees was 14 (2022: 14).
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