NEXGEN CNC LTD 14269249 true 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is that of machining, engineering design activities for industrial process and productions and other engineering activities. Digita Accounts Production Advanced 6.30.9574.0 true Mr BM Cheeseman true 14269249 2023-09-01 2024-08-31 14269249 2024-08-31 14269249 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-08-31 14269249 core:ShareCapital 2024-08-31 14269249 core:CurrentFinancialInstruments 2024-08-31 14269249 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 14269249 bus:FRS102 2023-09-01 2024-08-31 14269249 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 14269249 bus:FullAccounts 2023-09-01 2024-08-31 14269249 bus:RegisteredOffice 2023-09-01 2024-08-31 14269249 bus:Director1 2023-09-01 2024-08-31 14269249 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-09-01 2024-08-31 14269249 bus:EntityHasNeverTraded 2023-09-01 2024-08-31 14269249 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14269249 1 2023-09-01 2024-08-31 14269249 countries:EnglandWales 2023-09-01 2024-08-31 14269249 2022-09-01 2023-08-31 14269249 2023-08-31 14269249 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-08-31 14269249 core:ShareCapital 2023-08-31 14269249 core:CurrentFinancialInstruments 2023-08-31 14269249 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14269249

NEXGEN CNC LTD
(formerly Total CNC Precision Limited)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

NEXGEN CNC LTD

(Registration number: 14269249)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

10,000

10,000

Capital and reserves

 

Called up share capital

5

10,000

10,000

Shareholders' funds

 

10,000

10,000

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 29 January 2025
 

.........................................
Mr BM Cheeseman
Director

 

NEXGEN CNC LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The company was formerly known as Total CNC Precision Limited.

The address of its registered office is:
Unit 3 Wingham Industrial Estate Goodnestone Road
Wingham
Canterbury
CT3 1AR
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

NEXGEN CNC LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Debtors

Current

2024
£

2023
£

Other debtors

10,000

10,000

 

10,000

10,000

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

10,000

10,000

10,000

10,000