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REGISTERED NUMBER: 03513212 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

NEXT GENERATION RECORDS LTD.

NEXT GENERATION RECORDS LTD. (REGISTERED NUMBER: 03513212)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


NEXT GENERATION RECORDS LTD.

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTORS: Mr H C Dean
Mr P Nineham





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 03513212 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

NEXT GENERATION RECORDS LTD. (REGISTERED NUMBER: 03513212)

ABRIDGED BALANCE SHEET
29 February 2024

2024 2023
£    £   
CURRENT ASSETS
Debtors - 1,156
Cash at bank 17,729 15,951
17,729 17,107
CREDITORS
Amounts falling due within one year 6,039 6,646
NET CURRENT ASSETS 11,690 10,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,690

10,461

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 11,688 10,459
SHAREHOLDERS' FUNDS 11,690 10,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NEXT GENERATION RECORDS LTD. (REGISTERED NUMBER: 03513212)

ABRIDGED BALANCE SHEET - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





Mr H C Dean - Director


NEXT GENERATION RECORDS LTD. (REGISTERED NUMBER: 03513212)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Next Generation Records Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the directors £4,296 (2023 - £4,296).