Registered number
12175481
Nexgen Windows Limited
Unaudited Filleted Accounts
30 September 2024
Nexgen Windows Limited
Registered number: 12175481
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 31,200 36,400
Tangible assets 4 12,207 12,198
43,407 48,598
Current assets
Stocks 10,000 10,000
Debtors 5 247,542 274,254
Cash at bank and in hand 166,824 155,220
424,366 439,474
Creditors: amounts falling due within one year 6 (109,695) (136,945)
Net current assets 314,671 302,529
Net assets 358,078 351,127
Capital and reserves
Called up share capital 3 3
Profit and loss account 358,075 351,124
Shareholders' funds 358,078 351,127
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Coates
Director
Approved by the board on 8 April 2025
Nexgen Windows Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 52,000
At 30 September 2024 52,000
Amortisation
At 1 October 2023 15,600
Provided during the year 5,200
At 30 September 2024 20,800
Net book value
At 30 September 2024 31,200
At 30 September 2023 36,400
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Motor vehicles
£
Cost
At 1 October 2023 20,210
Additions 8,950
Disposals (9,200)
At 30 September 2024 19,960
Depreciation
At 1 October 2023 8,012
Charge for the year 4,231
On disposals (4,490)
At 30 September 2024 7,753
Net book value
At 30 September 2024 12,207
At 30 September 2023 12,198
5 Debtors 2024 2023
£ £
Trade debtors 247,542 274,254
6 Creditors: amounts falling due within one year 2024 2023
£ £
VAT 55,891 54,697
Directors loan account 3,127 26,703
Taxation and social security costs 50,677 55,545
109,695 136,945
7 Other information
Nexgen Windows Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Clive Parade
Swindon
SN2 1AJ
Nexgen Windows Limited 12175481 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts July 2024 Mr M Coates No description of principal activity 12175481 2022-10-01 2023-09-30 12175481 core:WithinOneYear 2023-09-30 12175481 core:ShareCapital 2023-09-30 12175481 core:RetainedEarningsAccumulatedLosses 2023-09-30 12175481 2023-10-01 2024-09-30 12175481 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12175481 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12175481 bus:Director40 2023-10-01 2024-09-30 12175481 1 2023-10-01 2024-09-30 12175481 2 2023-10-01 2024-09-30 12175481 core:Goodwill 2023-10-01 2024-09-30 12175481 core:Vehicles 2023-10-01 2024-09-30 12175481 countries:England 2023-10-01 2024-09-30 12175481 bus:FRS102 2023-10-01 2024-09-30 12175481 bus:FilletedAccounts 2023-10-01 2024-09-30 12175481 2024-09-30 12175481 core:WithinOneYear 2024-09-30 12175481 core:ShareCapital 2024-09-30 12175481 core:RetainedEarningsAccumulatedLosses 2024-09-30 12175481 core:Goodwill 2024-09-30 12175481 core:Vehicles 2024-09-30 12175481 2023-09-30 12175481 core:Goodwill 2023-09-30 12175481 core:Vehicles 2023-09-30 iso4217:GBP xbrli:pure