Company Registration No. 12874019 (England and Wales)
NXG Home Services Ltd
Unaudited accounts
for the year ended 30 September 2024
NXG Home Services Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
36,766
26,520
Cash at bank and in hand
706,937
410,007
Creditors: amounts falling due within one year
(281,168)
(148,586)
Net current assets
425,769
261,421
Net assets
462,535
287,941
Called up share capital
100
100
Profit and loss account
462,435
287,841
Shareholders' funds
462,535
287,941
For the year ending 30 September 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 June 2025 and were signed on its behalf by
Joseph Aquilina
Director
Company Registration No. 12874019
NXG Home Services Ltd
Notes to the Accounts
for the year ended 30 September 2024
NXG Home Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 12874019. The registered office is Sopers House, Sopers Road, Cuffley, EN6 4RY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
6,750
32,601
2,648
41,999
Additions
-
22,000
500
22,500
At 30 September 2024
6,750
54,601
3,148
64,499
At 1 October 2023
2,954
11,366
1,159
15,479
Charge for the year
949
10,808
497
12,254
At 30 September 2024
3,903
22,174
1,656
27,733
At 30 September 2024
2,847
32,427
1,492
36,766
At 30 September 2023
3,796
21,235
1,489
26,520
NXG Home Services Ltd
Notes to the Accounts
for the year ended 30 September 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
56,142
30,528
Other creditors
215,000
100,000
Loans from directors
666
6,513
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 2 (2023: 2).