Company registration number 13706454 (England and Wales)
NEXTGEN LOGISTICS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
Affinia
10 - 12 Mulberry Green
Old Harlow
Essex
CM17 0ET
Company Registration No. 13706454 (England and Wales)
NEXTGEN LOGISTICS LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
Affinia (Harlow)
10 - 12 Mulberry Green
Old Harlow
Essex
CM17 0ET
NEXTGEN LOGISTICS LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
NEXTGEN LOGISTICS LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
45,855
29,808
Current assets
Debtors
5
47,157
41,515
Cash at bank and in hand
15,004
12,917
62,161
54,432
Creditors: amounts falling due within one year
6
(41,343)
(42,034)
Net current assets
20,818
12,398
Total assets less current liabilities
66,673
42,206
Creditors: amounts falling due after more than one year
7
(1,708)
(3,908)
Provisions for liabilities
(8,713)
(7,452)
Net assets
56,252
30,846
Capital and reserves
Called up share capital
8
132
132
Profit and loss reserves
56,120
30,714
Total equity
56,252
30,846
NEXTGEN LOGISTICS LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements 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 financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 October 2025 and are signed on its behalf by:
Mr A R Garrett
Mrs J I Garrett
Director
Director
Company registration number 13706454 (England and Wales)
NEXTGEN LOGISTICS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Nextgen Logistics Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10-12 Mulberry Green, Old Harlow, Essex, United Kingdom, CM17 0ET.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% on reducing balance
Motor vehicles
25% on reducing balance
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

NEXTGEN LOGISTICS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2025
2024
Number
Number
Total
3
2
NEXTGEN LOGISTICS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Tangible fixed assets
Computers
Motor vehicles
Total
£
£
£
Cost
At 1 April 2024
2,624
28,500
31,124
Additions
-
0
24,000
24,000
At 31 March 2025
2,624
52,500
55,124
Depreciation and impairment
At 1 April 2024
722
594
1,316
Depreciation charged in the year
476
7,477
7,953
At 31 March 2025
1,198
8,071
9,269
Carrying amount
At 31 March 2025
1,426
44,429
45,855
At 31 March 2024
1,902
27,906
29,808
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
41,657
39,460
Prepayments and accrued income
5,500
2,055
47,157
41,515
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
2,207
2,160
Corporation tax
3,958
536
Other taxation and social security
1,686
172
Other creditors
31,879
38,118
Accruals and deferred income
1,613
1,048
41,343
42,034
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,708
3,908
NEXTGEN LOGISTICS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
Ordinary A of £1 each
16
16
16
16
Ordinary B of £1 each
16
16
16
16
132
132
132
132
2025-03-31 2024-04-01 false false false 10 October 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr A R Garrett Mrs J I Garrett 13706454 2024-04-01 2025-03-31 13706454 2025-03-31 13706454 2024-03-31 13706454 core:ComputerEquipment 2025-03-31 13706454 core:MotorVehicles 2025-03-31 13706454 core:ComputerEquipment 2024-03-31 13706454 core:MotorVehicles 2024-03-31 13706454 core:ShareCapital 2025-03-31 13706454 core:ShareCapital 2024-03-31 13706454 core:RetainedEarningsAccumulatedLosses 2025-03-31 13706454 core:RetainedEarningsAccumulatedLosses 2024-03-31 13706454 core:ShareCapitalOrdinaryShareClass1 2025-03-31 13706454 core:ShareCapitalOrdinaryShareClass1 2024-03-31 13706454 core:ShareCapitalOrdinaryShareClass2 2025-03-31 13706454 core:ShareCapitalOrdinaryShareClass2 2024-03-31 13706454 core:ShareCapitalOrdinaryShareClass3 2025-03-31 13706454 core:ShareCapitalOrdinaryShareClass3 2024-03-31 13706454 core:ShareCapitalOrdinaryShares 2025-03-31 13706454 core:ShareCapitalOrdinaryShares 2024-03-31 13706454 bus:Director1 2024-04-01 2025-03-31 13706454 bus:Director2 2024-04-01 2025-03-31 13706454 core:ComputerEquipment 2024-04-01 2025-03-31 13706454 core:MotorVehicles 2024-04-01 2025-03-31 13706454 2023-04-01 2024-03-31 13706454 core:ComputerEquipment 2024-03-31 13706454 core:MotorVehicles 2024-03-31 13706454 2024-03-31 13706454 core:CurrentFinancialInstruments 2025-03-31 13706454 core:CurrentFinancialInstruments 2024-03-31 13706454 core:Non-currentFinancialInstruments 2025-03-31 13706454 core:Non-currentFinancialInstruments 2024-03-31 13706454 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 13706454 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 13706454 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 13706454 bus:OrdinaryShareClass1 2025-03-31 13706454 bus:OrdinaryShareClass1 2024-03-31 13706454 bus:OrdinaryShareClass2 2025-03-31 13706454 bus:OrdinaryShareClass2 2024-03-31 13706454 bus:OrdinaryShareClass3 2025-03-31 13706454 bus:OrdinaryShareClass3 2024-03-31 13706454 bus:AllOrdinaryShares 2025-03-31 13706454 bus:AllOrdinaryShares 2024-03-31 13706454 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13706454 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13706454 bus:FRS102 2024-04-01 2025-03-31 13706454 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 13706454 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP