NEXTGEN BEAUTY LTD

Company Registration Number:
15511376 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2025

Period of accounts

Start date: 21 February 2024

End date: 28 February 2025

NEXTGEN BEAUTY LTD

Contents of the Financial Statements

for the Period Ended 28 February 2025

Balance sheet
Additional notes
Balance sheet notes

NEXTGEN BEAUTY LTD

Balance sheet

As at 28 February 2025

Notes 2025


£
Fixed assets
Intangible assets: 3 72,800
Tangible assets: 4 3,250
Total fixed assets: 76,050
Current assets
Stocks: 5 311,375
Debtors: 6 68,890
Cash at bank and in hand: 121,976
Total current assets: 502,241
Creditors: amounts falling due within one year: 7 ( 281,793 )
Net current assets (liabilities): 220,448
Total assets less current liabilities: 296,498
Total net assets (liabilities): 296,498
Capital and reserves
Called up share capital: 800
Share premium account: 159,200
Profit and loss account: 136,498
Total Shareholders' funds: 296,498

The notes form part of these financial statements

NEXTGEN BEAUTY LTD

Balance sheet statements

For the year ending 28 February 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 15 May 2025
and signed on behalf of the board by:

Name: Mr Daniel Edward Morris
Status: Director

The notes form part of these financial statements

NEXTGEN BEAUTY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset class Depreciation method and rate Furniture, fittings and equipment 25% Reducing balance

    Intangible fixed assets amortisation policy

    Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made. Amortisation Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: Asset class Amortisation method and rate Goodwill 20% Straight line

NEXTGEN BEAUTY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 2. Employees

    2025
    Average number of employees during the period 8

NEXTGEN BEAUTY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

3. Intangible assets

Goodwill Other Total
Cost £ £ £
Additions 91,000 91,000
Disposals
Revaluations
Transfers
At 28 February 2025 91,000 91,000
Amortisation
Charge for year 18,200 18,200
On disposals
Other adjustments
At 28 February 2025 18,200 18,200
Net book value
At 28 February 2025 72,800 72,800

NEXTGEN BEAUTY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 4,334 4,334
Disposals
Revaluations
Transfers
At 28 February 2025 4,334 4,334
Depreciation
Charge for year 1,084 1,084
On disposals
Other adjustments
At 28 February 2025 1,084 1,084
Net book value
At 28 February 2025 3,250 3,250

NEXTGEN BEAUTY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

5. Stocks

2025
£
Stocks 311,375
Total 311,375

NEXTGEN BEAUTY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

6. Debtors

2025
£
Trade debtors 7,095
Other debtors 61,795
Total 68,890

NEXTGEN BEAUTY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

7. Creditors: amounts falling due within one year note

2025
£
Trade creditors 129,722
Taxation and social security 147,474
Accruals and deferred income 4,000
Other creditors 597
Total 281,793