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NEXGEN BRANDS LIMITED

Registered Number
15568648
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2025

NEXGEN BRANDS LIMITED
Company Information
for the period from 16 March 2024 to 31 March 2025

Director

LASA, Jiri

Registered Address

Suite 312 Atlas House Caxton Close
Wigan
WN3 6XU

Registered Number

15568648 (England and Wales)
NEXGEN BRANDS LIMITED
Balance Sheet as at
31 March 2025

Notes

2025

£

£

Current assets
Stocks3171,893
Debtors42,617
Cash at bank and on hand31,703
206,213
Creditors amounts falling due within one year5(230,598)
Net current assets (liabilities)(24,385)
Total assets less current liabilities(24,385)
Net assets(24,385)
Capital and reserves
Called up share capital200
Profit and loss account(24,585)
Shareholders' funds(24,385)
The financial statements were approved and authorised for issue by the Director on 25 April 2025, and are signed on its behalf by:
LASA, Jiri
Director
Registered Company No. 15568648
NEXGEN BRANDS LIMITED
Notes to the Financial Statements
for the period ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

2025
Average number of employees during the year0
3.Stocks

2025

£
Other stocks171,893
Total171,893
4.Debtors: amounts due within one year

2025

£
Trade debtors / trade receivables673
Other debtors100
Prepayments and accrued income1,844
Total2,617
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 recognized at transaction price including any transaction costs and subsequently measured at amortized cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2025

£
Trade creditors / trade payables215,989
Taxation and social security4,185
Other creditors10,424
Total230,598
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognized at transaction price net of any transaction costs and subsequently measured at amortized cost determined using the effective interest method.