IRIS Accounts Production v25.1.0.734 07443691 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074436912023-08-31074436912024-08-31074436912023-09-012024-08-31074436912022-08-31074436912022-09-012023-08-31074436912023-08-3107443691ns15:EnglandWales2023-09-012024-08-3107443691ns14:PoundSterling2023-09-012024-08-3107443691ns10:Director12023-09-012024-08-3107443691ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3107443691ns10:SmallEntities2023-09-012024-08-3107443691ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3107443691ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3107443691ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3107443691ns10:FullAccounts2023-09-012024-08-3107443691ns10:OrdinaryShareClass12023-09-012024-08-3107443691ns10:Director22023-09-012024-08-3107443691ns10:RegisteredOffice2023-09-012024-08-3107443691ns5:CurrentFinancialInstruments2024-08-3107443691ns5:CurrentFinancialInstruments2023-08-3107443691ns5:Non-currentFinancialInstruments2024-08-3107443691ns5:Non-currentFinancialInstruments2023-08-3107443691ns5:ShareCapital2024-08-3107443691ns5:ShareCapital2023-08-3107443691ns5:RetainedEarningsAccumulatedLosses2024-08-3107443691ns5:RetainedEarningsAccumulatedLosses2023-08-3107443691ns5:MotorVehicles2023-09-012024-08-3107443691ns5:MotorVehicles2023-08-3107443691ns5:ComputerEquipment2023-08-3107443691ns5:ComputerEquipment2023-09-012024-08-3107443691ns5:MotorVehicles2024-08-3107443691ns5:ComputerEquipment2024-08-3107443691ns5:MotorVehicles2023-08-3107443691ns5:ComputerEquipment2023-08-3107443691ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3107443691ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3107443691ns5:DeferredTaxation2023-08-3107443691ns5:OtherProvisionsContingentLiabilities2023-08-3107443691ns5:DeferredTaxation2023-09-012024-08-3107443691ns5:OtherProvisionsContingentLiabilities2023-09-012024-08-3107443691ns5:DeferredTaxation2024-08-3107443691ns5:OtherProvisionsContingentLiabilities2024-08-3107443691ns10:OrdinaryShareClass12024-08-31074436911ns10:Director12023-08-31074436911ns10:Director12022-08-31074436911ns10:Director12023-09-012024-08-31074436911ns10:Director12022-09-012023-08-31074436911ns10:Director12024-08-31074436911ns10:Director12023-08-3107443691ns10:Director222023-08-3107443691ns10:Director222022-08-3107443691ns10:Director222023-09-012024-08-3107443691ns10:Director222022-09-012023-08-3107443691ns10:Director222024-08-3107443691ns10:Director222023-08-31
















NEXT GENERATION HOME IMPROVEMENTS
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






NEXT GENERATION HOME IMPROVEMENTS
LIMITED (REGISTERED NUMBER: 07443691)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEXT GENERATION HOME IMPROVEMENTS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: D R Brown
L K Goddard





REGISTERED OFFICE: 25 Butterley Hill
Ripley
Derbyshire
DE5 3LT





REGISTERED NUMBER: 07443691 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

NEXT GENERATION HOME IMPROVEMENTS
LIMITED (REGISTERED NUMBER: 07443691)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 183,899 212,614

CURRENT ASSETS
Stocks 405,132 435,088
Debtors 5 1,739,923 1,592,871
Cash at bank and in hand 392,343 565,358
2,537,398 2,593,317
CREDITORS
Amounts falling due within one year 6 1,335,927 1,221,765
NET CURRENT ASSETS 1,201,471 1,371,552
TOTAL ASSETS LESS CURRENT LIABILITIES 1,385,370 1,584,166

CREDITORS
Amounts falling due after more than one year 7 (16,514 ) (26,612 )

PROVISIONS FOR LIABILITIES 8 (259,801 ) (282,394 )
NET ASSETS 1,109,055 1,275,160

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 1,109,053 1,275,158
SHAREHOLDERS' FUNDS 1,109,055 1,275,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 HOME IMPROVEMENTS
LIMITED (REGISTERED NUMBER: 07443691)

BALANCE SHEET - continued
31 AUGUST 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:





D R Brown - Director


NEXT GENERATION HOME IMPROVEMENTS
LIMITED (REGISTERED NUMBER: 07443691)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Next Generation Home Improvements Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

NEXT GENERATION HOME IMPROVEMENTS
LIMITED (REGISTERED NUMBER: 07443691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 346,743 497 347,240
Additions 41,726 - 41,726
Disposals (32,990 ) - (32,990 )
At 31 August 2024 355,479 497 355,976
DEPRECIATION
At 1 September 2023 134,446 180 134,626
Charge for year 52,802 48 52,850
Eliminated on disposal (15,399 ) - (15,399 )
At 31 August 2024 171,849 228 172,077
NET BOOK VALUE
At 31 August 2024 183,630 269 183,899
At 31 August 2023 212,297 317 212,614

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 878,025 860,287
Amounts owed by group undertakings 660,381 533,333
Other debtors 201,517 199,251
1,739,923 1,592,871

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,098 9,849
Trade creditors 46,455 22,648
Taxation and social security 166,556 259,262
Other creditors 1,112,818 930,006
1,335,927 1,221,765

NEXT GENERATION HOME IMPROVEMENTS
LIMITED (REGISTERED NUMBER: 07443691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 16,514 26,612

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 45,100 52,200
Other provisions 214,701 230,194
259,801 282,394

Deferred Other
tax provisions
£    £   
Balance at 1 September 2023 52,200 230,194
Provided during year (7,100 ) (15,493 )
Balance at 31 August 2024 45,100 214,701

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1.00 2 2

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
D R Brown
Balance outstanding at start of year 23,864 23,346
Amounts advanced 548 518
Amounts repaid (12,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,412 23,864

NEXT GENERATION HOME IMPROVEMENTS
LIMITED (REGISTERED NUMBER: 07443691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

L K Goddard
Balance outstanding at start of year 10,150 -
Amounts advanced - 10,150
Amounts repaid (6,300 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,850 10,150

Interest is charged on loans to directors at HMRC approved rates. The amount charged during the year amounted to £408..

11. DIRECTOR DISQUALIFICATION

D R Brown, a director of the company was subject to a disqualification order but notwithstanding the disqualification undertaking given by the Claimant and accepted on behalf of the Secretary of State for Business, Energy and Industrial Strategy on 30 March 2020, the Claimant does have permission to be and remain a director of Next Generation Home Improvements Limited.