Company registration number: 14505499
Unaudited financial statements
for the year ended 30 November 2024
for
Next Gen Line Ltd
Pages for filing with the Registrar
Company registration number: 14505499
Next Gen Line Ltd
Balance sheet
as at 30 November 2024
Note £ £
Fixed assets
Tangible assets 4 120,000
120,000
Current assets
Debtors 14,275
Cash at bank and in hand 15,234
29,509
Creditors: amounts falling due within one
year 		(66,336)
Net current liabilities (36,827)
Total assets less current liabilities 83,173
NET ASSETS 83,173
Capital and reserves
Called up share capital 1
Profit and loss account 83,172
TOTAL EQUITY 83,173
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 November 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 14505499
Next Gen Line Ltd
Balance sheet - continued
as at 30 November 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr C Haider, Director
1 December 2024
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Next Gen Line Ltd
Notes to the financial statements
for the year ended 30 November 2024
1 Company information
Next Gen Line Ltd is a private company registered in England and Wales. Its registered number is 14505499. The company is limited by shares. Its registered office is Suite Ra01 195-197 Wood Street, London, E17 3NU.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 10% straight line
3 Average number of employees
During the year the average number of employees was 8.
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 30 November 2024 150,000
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Next Gen Line Ltd
Notes to the financial statements - continued
for the year ended 30 November 2024
4 Tangible fixed assets - continued
Depreciation
Charge for year 15,000
At 30 November 2024 30,000
Net book value
At 30 November 2024 120,000
If Plant and Machinery had not been revalued, it would have been included at the following historical cost:
£
Cost 150,000
Accumulated depreciation 30,000
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