NEW GENERATION PRODUCTS LIMITED

Company Registration Number:
13885757 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

NEW GENERATION PRODUCTS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

NEW GENERATION PRODUCTS LIMITED

Balance sheet

As at 28 February 2024


Notes

2024

13 months to 28 February 2023


£

£
Fixed assets
Tangible assets: 3 14,985 20,769
Total fixed assets: 14,985 20,769
Current assets
Debtors:   62,431 33,767
Cash at bank and in hand: 26,674 24,789
Total current assets: 89,105 58,556
Creditors: amounts falling due within one year:   (34,926) (18,997)
Net current assets (liabilities): 54,179 39,559
Total assets less current liabilities: 69,164 60,328
Total net assets (liabilities): 69,164 60,328
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 69,163 60,327
Shareholders funds: 69,164 60,328

The notes form part of these financial statements

NEW GENERATION PRODUCTS LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 November 2024
and signed on behalf of the board by:

Name: Tom Russell
Status: Director

The notes form part of these financial statements

NEW GENERATION PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measure at the fair value of consideration received or receivable excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following rates over the useful economic life of the fixed assets. Motor Vehicles 20% Straight Line Fixtures and Fittings - 33% Reducing Balance

NEW GENERATION PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 13 months to 28 February 2023
Average number of employees during the period 5 3

NEW GENERATION PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 26,554
At 28 February 2024 26,554
Depreciation
At 01 March 2023 5,785
Charge for year 5,784
At 28 February 2024 11,569
Net book value
At 28 February 2024 14,985
At 28 February 2023 20,769

NEW GENERATION PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Related party transactions

Name of the related party: Retroflex Gym Limited
Relationship:
Common Control of Directors
Description of the Transaction: The loan of money .
£
Balance at 01 March 2023 31,175
Balance at 28 February 2024 58,743