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COMPANY REGISTRATION NUMBER: 13209781
The Next Economy Works Limited
Company Limited by Guarantee
Filleted Unaudited Financial Statements
29 February 2024
The Next Economy Works Limited
Company Limited by Guarantee
Financial Statements
Year ended 29 February 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4
The Next Economy Works Limited
Company Limited by Guarantee
Officers and Professional Advisers
Director
S C Klein
Registered office
727-729 High Road
London
N12 0BP
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
The Next Economy Works Limited
Company Limited by Guarantee
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of The Next Economy Works Limited
Year ended 29 February 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 29 February 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
The Next Economy Works Limited
Company Limited by Guarantee
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
Current assets
Cash at bank and in hand
3,758
5
Creditors: amounts falling due within one year
5
4,792
2,438
-------
-------
Net current liabilities
1,034
2,433
-------
-------
Total assets less current liabilities
( 1,034)
( 2,433)
Creditors: amounts falling due after more than one year
6
292,200
-------
---------
Net liabilities
( 1,034)
( 294,633)
-------
---------
Capital and reserves
Profit and loss account
( 1,034)
( 294,633)
-------
---------
Members deficit
( 1,034)
( 294,633)
-------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 24 February 2025 , and are signed on behalf of the board by:
S C Klein
Director
Company registration number: 13209781
The Next Economy Works Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity .
Going concern
In my opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which I believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular I believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.
4. Company limited by guarantee
The maximum guarantee/liability of members in case of a winding up is £1.
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,632
278
Other creditors
2,160
2,160
-------
-------
4,792
2,438
-------
-------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
292,200
----
---------