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Company Registration No. 14505499 (England and Wales)
Next Gen Line Ltd Unaudited accounts for the period from 24 November 2022 to 30 November 2023
Next Gen Line Ltd Unaudited accounts Contents
Page
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Next Gen Line Ltd Company Information for the period from 24 November 2022 to 30 November 2023
Director
IAN FALLONE
Company Number
14505499 (England and Wales)
Registered Office
92 Stoneleigh Drive Radcliffe Manchester M26 1HA England
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Next Gen Line Ltd Statement of financial position as at 30 November 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
135,000 
Current assets
Cash at bank and in hand
15,608 
Creditors: amounts falling due within one year
(98,246)
Net current liabilities
(82,638)
Net assets
52,362 
Capital and reserves
Called up share capital
1 
Profit and loss account
52,361 
Shareholders' funds
52,362 
For the period ending 30 November 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 director acknowledges his 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 and authorised for issue on 1 December 2023 and were signed on its behalf by
IAN FALLONE Director Company Registration No. 14505499
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Next Gen Line Ltd Notes to the Accounts for the period from 24 November 2022 to 30 November 2023
1
Statutory information
Next Gen Line Ltd is a private company, limited by shares, registered in England and Wales, registration number 14505499. The registered office is 92 Stoneleigh Drive, Radcliffe, Manchester, M26 1HA, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and 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.
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:
Plant & machinery
10
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 24 November 2022
- 
Additions
150,000 
At 30 November 2023
150,000 
Depreciation
Charge for the period
15,000 
At 30 November 2023
15,000 
Net book value
At 30 November 2023
135,000 
5
Creditors: amounts falling due within one year
2023 
£ 
Bank loans and overdrafts
22,034 
Obligations under finance leases and hire purchase contracts
27,894 
Trade creditors
48,318 
98,246 
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Next Gen Line Ltd Notes to the Accounts for the period from 24 November 2022 to 30 November 2023
6
Average number of employees
During the period the average number of employees was 5.
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