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REGISTERED NUMBER: 12475886 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Next Level Building & Joinery Limited

Next Level Building & Joinery Limited (Registered number: 12475886)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Next Level Building & Joinery Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: T M Bilton





REGISTERED OFFICE: 2 Clifton Moor Business Village
James Nicolson Link
York
North Yorkshire
YO30 4XG





REGISTERED NUMBER: 12475886 (England and Wales)





ACCOUNTANTS: Beckingtons
2 Clifton Moor Business
Village
James Nicolson Link
York
North Yorkshire
YO30 4XG

Next Level Building & Joinery Limited (Registered number: 12475886)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,000 8,000
Tangible assets 5 13,407 14,960
20,407 22,960

CURRENT ASSETS
Stocks - 15,000
Debtors 6 3,796 5,459
Cash at bank 58,032 11,452
61,828 31,911
CREDITORS
Amounts falling due within one year 7 54,072 49,286
NET CURRENT ASSETS/(LIABILITIES) 7,756 (17,375 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,163

5,585

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 28,153 5,575
SHAREHOLDERS' FUNDS 28,163 5,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 30 September 2024 and were signed by:



T M Bilton - Director


Next Level Building & Joinery Limited (Registered number: 12475886)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Next Level Building & Joinery 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 (2023 - 2 ) .

Next Level Building & Joinery Limited (Registered number: 12475886)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 10,000
AMORTISATION
At 1 March 2023 2,000
Charge for year 1,000
At 29 February 2024 3,000
NET BOOK VALUE
At 29 February 2024 7,000
At 28 February 2023 8,000

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 7,230 16,500 532 24,262
Additions 1,705 - 266 1,971
At 29 February 2024 8,935 16,500 798 26,233
DEPRECIATION
At 1 March 2023 1,850 7,219 233 9,302
Charge for year 1,063 2,320 141 3,524
At 29 February 2024 2,913 9,539 374 12,826
NET BOOK VALUE
At 29 February 2024 6,022 6,961 424 13,407
At 28 February 2023 5,380 9,281 299 14,960

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 3,796 5,459

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 13,645 6,807
Taxation and social security 22,629 12,092
Other creditors 17,798 30,387
54,072 49,286

Next Level Building & Joinery Limited (Registered number: 12475886)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
10 Ordinary £1 10 10