Next Bigger Better Ltd - Filleted accounts


NEXT BIGGER BETTER LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025


























Company Registration Number: 07707864

NEXT BIGGER BETTER LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 6

NEXT BIGGER BETTER LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025


DIRECTORS

Dr S A D Bamford
appointed 11 May 2024
M Bamford-Bowes
N M Bamford-Bowes
A A Battman
resigned 1 May 2024


SECRETARY

Windward Exploration & Properties Limited


REGISTERED OFFICE

Windward House
Reading Road
Cholsey
Wallingford
Oxon
OX10 9HG


COMPANY REGISTRATION NUMBER

07707864 England and Wales

NEXT BIGGER BETTER LTD

BALANCE SHEET
AS AT 31 MARCH 2025


	Notes	2025		2024
		£		£
				(As restated - Note 4)

CURRENT ASSETS
Debtors	6	70		70
Cash at bank and in hand		369		-


		439		70

CREDITORS: Amounts falling due within one year	7	1,290		-
CREDITORS: Amounts falling due within one year


NET CURRENT (LIABILITIES) / ASSETS			(851)		70


NET (LIABILITIES) / ASSETS			(851)		70


CAPITAL AND RESERVES
Called up share capital			81		70
Distributable profit and loss account			(932)		-


SHAREHOLDERS' (DEFICIT) / FUNDS			(851)		70

NEXT BIGGER BETTER LTD

BALANCE SHEET
AS AT 31 MARCH 2025


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

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.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.



Signed on behalf of the board of directors




Dr S A D Bamford
Director

Date approved by the board: 7 September 2025

NEXT BIGGER BETTER LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1	GENERAL INFORMATION

	Next Bigger Better Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	Windward House
	Reading Road
	Cholsey
	Wallingford
	Oxon
	OX10 9HG

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Going concern

	The accounts have been drawn up on the going concern basis following the Directors' assessment of the company’s ability to operate for at least 12 months from the date these accounts have been approved. In conclusion, whilst there is some uncertainty, the directors do not believe there is a material uncertainty which casts significant doubt on the company’s ability to continue to operate.

	If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.

NEXT BIGGER BETTER LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.


	Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

	Debtors

Short term debtors are measured at transaction price, less any impairment.


	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.

	Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

	Current and deferred tax assets and liabilities are not discounted.

NEXT BIGGER BETTER LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.

4	RESTATEMENT OF COMPARATIVES

	During the preparation of these financial statements, it was identified that the share capital of the company at 1 October 2022 and 31 March 2024 had been incorrectly stated. The comparative figures have therefore been updated as follows:

		Share Capital	Debtors (Note 6)
		£	£
	As previously stated at 1 October 2022 and 31 March 2024	100	100

	Share capital overstated	(30)	(30)


	As restated at 2 October 2022 and 1 April 2024	70	70


5	EMPLOYEES

	The average number of persons employed by the company (including directors) during the year / period was:

		2025	2024
	Average number of employees	3	3


6	DEBTORS
		2025	2024
		£	£
	Other debtors	70	70


7	CREDITORS: Amounts falling due within one year
		2025	2024
		£	£
	Accruals and deferred income	1,290	-