Company Registration No. 12707697 (England and Wales)
NEXT DOOR RECORDS LTD
Unaudited accounts
for the year ended 30 June 2024
NEXT DOOR RECORDS LTD
Unaudited accounts
Contents
NEXT DOOR RECORDS LTD
Company Information
for the year ended 30 June 2024
Directors
Thom Parris
Alfred Louis Aukett
Louis Raworth
Company Number
12707697 (England and Wales)
Registered Office
304 UXBRIDGE ROAD
LONDON
W12 7LJ
ENGLAND
Accountants
Williams Stanley and Co
NEXT DOOR RECORDS LTD
Statement of financial position
as at 30 June 2024
Tangible assets
19,995
21,564
Cash at bank and in hand
4,769
203
Creditors: amounts falling due within one year
(99,921)
(40,302)
Net current liabilities
(10,213)
(35,970)
Total assets less current liabilities
9,782
(14,406)
Creditors: amounts falling due after more than one year
-
9,756
Net assets/(liabilities)
9,782
(4,650)
Called up share capital
4
3
Profit and loss account
9,778
(4,653)
Shareholders' funds
9,782
(4,650)
For the year ending 30 June 2024 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 21 November 2024 and were signed on its behalf by
Alfred Louis Aukett
Director
Company Registration No. 12707697
NEXT DOOR RECORDS LTD
Notes to the Accounts
for the year ended 30 June 2024
NEXT DOOR RECORDS LTD is a private company, limited by shares, registered in England and Wales, registration number 12707697. The registered office is 304 UXBRIDGE ROAD, LONDON, W12 7LJ, ENGLAND.
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
10 Years - Straight Line
Plant & machinery
5 Years - Straight Line
Fixtures & fittings
5 Years - Straight Line
Computer equipment
3 Years - Straight Line
NEXT DOOR RECORDS LTD
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2023
11,420
300
19,610
2,689
34,019
Additions
-
4,524
1,379
587
6,490
At 30 June 2024
11,420
4,824
20,989
3,276
40,509
At 1 July 2023
2,576
154
9,154
571
12,455
Charge for the year
3,201
401
3,996
461
8,059
At 30 June 2024
5,777
555
13,150
1,032
20,514
At 30 June 2024
5,643
4,269
7,839
2,244
19,995
At 30 June 2023
8,844
146
10,456
2,118
21,564
Amounts falling due within one year
Accrued income and prepayments
851
2,652
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
48,586
26,366
Amounts owed to group undertakings and other participating interests
19,096
-
Taxes and social security
10,372
13,094
Loans from directors
-
(12,587)
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
The company is a wholly owned subsidiary of Next Door Holdings Ltd. The amount owed to Next Door Holdings Ltd at the balance sheet date was ã19,096.
9
Average number of employees
During the year the average number of employees was 24 (2023: 3).