| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 17TH JULY 2023 TO 31ST DECEMBER 2024 |
| FOR |
| NEXT365 LTD |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 17TH JULY 2023 TO 31ST DECEMBER 2024 |
| FOR |
| NEXT365 LTD |
| NEXT365 LTD (REGISTERED NUMBER: 15007244) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 17TH JULY 2023 TO 31ST DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| NEXT365 LTD |
| COMPANY INFORMATION |
| FOR THE PERIOD 17TH JULY 2023 TO 31ST DECEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| First Floor, Jebsen House |
| 53-61 High Street |
| Ruislip |
| Middlesex |
| HA4 7BD |
| NEXT365 LTD (REGISTERED NUMBER: 15007244) |
| BALANCE SHEET |
| 31ST DECEMBER 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| 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. |
| NEXT365 LTD (REGISTERED NUMBER: 15007244) |
| BALANCE SHEET - continued |
| 31ST DECEMBER 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| NEXT365 LTD (REGISTERED NUMBER: 15007244) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 17TH JULY 2023 TO 31ST DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Next365 Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| The directors assess whether the use of the going concern basis is appropriate and whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. Having reviewed the future projected cash flows, the directors have a reasonable expectation that the company has adequate resources to continue its activities for the foreseeable future. The directors have considered the level of reserves held and the expected level of income and expenditure for a period of twelve months from approval of these financial statements. The directors therefore continue to adopt the going concern basis. Furthermore, the support currently being provided to the company by its parent company is confirmed to continue to be made available for the foreseeable future. |
| 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 |
| Plant and machinery etc | - |
| Taxation |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company contributes to personal pension schemes for directors and employees. The assets of the schemes are held by independent pension providers. The amount charged to the profit and loss account is the contributions payable in the year. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| NEXT365 LTD (REGISTERED NUMBER: 15007244) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 17TH JULY 2023 TO 31ST DECEMBER 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| Additions |
| At 31st December 2024 |
| DEPRECIATION |
| Charge for period |
| At 31st December 2024 |
| NET BOOK VALUE |
| At 31st December 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| The amounts owed to group undertakings are interest free during the period ended 31st December 2024. Interest will accrue from 1st January 2025. The amounts owed are unsecured and repayable when certain trading conditions are met. |
| 7. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| The company is a subsidiary of Next365 Global AB, a company registered in Sweden under number 559086-5027, with Registered Offices at Turegatan 30, 114 38 Stockholm, Sweden. |