Next Generation Clothing Limited

Next Generation Clothing Limited Accountants' Report For the year ended 31 January 2025
Report to the directors on the preparation of the unaudited statutory accounts of Next Generation Clothing Limited for the year ended 31 January 2025. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Next Generation Clothing Limited for the year ended 31 January 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given to us. As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations. This report is made solely to the Board of Directors of Next Generation Clothing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Next Generation Clothing Limited and state those matters that we have agreed to state to the Board of Directors of Next Generation Clothing Limited, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Next Generation Clothing Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Next Generation Clothing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Next Generation Clothing Limited.You consider that Next Generation Clothing Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit of the accounts of Next Generation Clothing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 31 January 2025. .................................................... Ludlow Painter Limited Produce House 1a Wickham Court Road West Wickham Kent BR4 9LN 10 September 2025 2

Next Generation Clothing Limited
Accountants' Report
For the year ended 31 January 2025

Report to the directors on the preparation of the unaudited statutory accounts of Next Generation Clothing Limited for the year ended 31 January 2025.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Next Generation Clothing Limited for the year ended 31 January 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of Next Generation Clothing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Next Generation Clothing Limited and state those matters that we have agreed to state to the Board of Directors of Next Generation Clothing Limited, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Next Generation Clothing Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Next Generation Clothing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Next Generation Clothing Limited.You consider that Next Generation Clothing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Next Generation Clothing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 31 January 2025.

....................................................
Ludlow Painter Limited
Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
10 September 2025

Next Generation Clothing Limited
Balance Sheet
As at 31 January 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	5	5,171	4,664
		5,171	4,664
Current assets
Stocks	6	209,422	67,900
Cash at bank and in hand		60,883	59,109
		270,305	127,009
Creditors: amount falling due within one year	7	(169,412)	(85,832)
Net current assets		100,893	41,177

Total assets less current liabilities		106,064	45,841
Creditors: amount falling due after more than one year	8	(5,833)	(15,833)
Provisions for liabilities	9	0	(1,104)
Net assets		100,231	28,904

Capital and reserves
Called up share capital	10	5	5
Profit and loss account		100,226	28,899
Shareholders' funds		100,231	28,904

For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 of Companies.

The financial statements were approved by the board of directors on 10 September 2025 and were signed on its behalf by:

-------------------------------
Andrew Peter Moore
Director

Next Generation Clothing Limited
Notes to the Financial Statements
For the year ended 31 January 2025

General Information

Next Generation Clothing Limited is a private company, limited by shares, registered in England and Wales, registration number 05690399, registration address 157 West Street, Fareham, Hampshire, PO16 0DZ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Website cost

Planning and operating costs for the company's website are charged to the profit and loss account as incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Directors' Emoluments

	2025 £	2024 £
Administrative Expenses
Directors Remuneration	50,592	54,075
	50,592	54,075

Staff Costs

	2025 £	2024 £
Wages and salaries	62,671	55,409
Other staff costs	1,176	1,734
	63,847	57,143

Average number of employees during the year	Number	Number
Sales	6	5
	6	5

4.	Average number of employees Average number of employees during the year was 6 (2024 : 5).

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 February 2024	6,000	18,330	6,642	30,972
Additions	-	1,016	1,254	2,270
Disposals	-	-	-	-
At 31 January 2025	6,000	19,346	7,896	33,242
Depreciation
At 01 February 2024	4,102	16,974	5,232	26,308
Charge for year	475	593	695	1,763
On disposals	-	-	-	-
At 31 January 2025	4,577	17,567	5,927	28,071
Net book values
Closing balance as at 31 January 2025	1,423	1,779	1,969	5,171
Opening balance as at 01 February 2024	1,898	1,356	1,410	4,664

Stocks

	2025 £		2024 £
Stocks	209,422		67,900
	209,422		67,900

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	72,350	11,507
Bank Loans & Overdrafts	10,000	10,000
Corporation Tax	72,132	46,190
PAYE And NIC Creditor	1,127	0
Other Creditors	2,244	2,142
Directors Current Account	3,900	3,147
VAT	7,659	12,846
	169,412	85,832

Creditors: amount falling due after more than one year

	2025 £		2024 £
Bank Loans & Overdrafts	5,833		15,833
	5,833		15,833

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	0		1,133
Charged to Profit & Loss	0		(29)
	0		1,104

10.

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
2 Ordinary shares of £1.00 each	2	2
1 Class A share of £1.00 each	1	1
1 Class B share of £1.00 each	1	1
1 Class C share of £1.00 each	1	1
	5	5

Registered Number: 05690399
England and Wales
NEXT GENERATION CLOTHING LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 February 2024 End date: 31 January 2025