Registered number
11183564
Next Goal Wins Apparel Limited
Filleted Accounts
29 February 2024
Next Goal Wins Apparel Limited
Registered number: 11183564
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,588 11,157
Current assets
Debtors 4 32,836 18,358
Cash at bank and in hand 16,009 8,239
48,845 26,597
Creditors: amounts falling due within one year 5 (28,753) (26,703)
Net current assets/(liabilities) 20,092 (106)
Total assets less current liabilities 31,680 11,051
Creditors: amounts falling due after more than one year 6 (5,500) (8,500)
Net assets 26,180 2,551
Capital and reserves
Called up share capital 2 2
Profit and loss account 26,178 2,549
Shareholders' funds 26,180 2,551
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr K Jolley
Director
Approved by the board on 27 November 2024
Next Goal Wins Apparel Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not depreciated
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2023 10,070 2,172 12,242
Additions - 1,461 1,461
At 29 February 2024 10,070 3,633 13,703
Depreciation
At 1 March 2023 - 1,085 1,085
Charge for the year - 1,030 1,030
At 29 February 2024 - 2,115 2,115
Net book value
At 29 February 2024 10,070 1,518 11,588
At 28 February 2023 10,070 1,087 11,157
4 Debtors 2024 2023
£ £
Trade debtors 32,806 18,358
Other debtors 30 -
32,836 18,358
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,000 3,000
Trade creditors - 613
Taxation and social security costs 14,803 12,440
Other creditors 10,950 10,650
28,753 26,703
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,500 8,500
7 Other information
Next Goal Wins Apparel Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Highfield Grove
Lostock Hall
Preston
Lancashire
PR5 5YB
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