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Company Registration No. 11727961 (England and Wales)
Next Generation Ins Group Ltd Unaudited accounts for the year ended 31 March 2025
Next Generation Ins Group Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Next Generation Ins Group Ltd Company Information for the year ended 31 March 2025
Director
A J Hickman
Company Number
11727961 (England and Wales)
Registered Office
105 High Street Brentwood Essex CM14 4RR United Kingdom
- 3 -
Next Generation Ins Group Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
8,248
19,757
Tangible assets
5
247
1,479
8,495
21,236
Current assets
Debtors
6
14,589
16,989
Cash at bank and in hand
329
2,213
14,918
19,202
Creditors: amounts falling due within one year
7
(16,284)
(12,555)
Net current (liabilities)/assets
(1,366)
6,647
Net assets
7,129
27,883
Capital and reserves
Called up share capital
100
100
Profit and loss account
7,029
27,783
Shareholders' funds
7,129
27,883
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 October 2025 and were signed on its behalf by
A J Hickman Director Company Registration No. 11727961
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Next Generation Ins Group Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Next Generation Ins Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11727961. The registered office is 105 High Street, Brentwood, Essex, CM14 4RR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Website development costs
It is the company's policy to capitalise website development costs where they meet the conditions and definitions of intangible assets as defined in FRS 102. Website development costs are amortised over their estimated useful economic life of 3 years.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% on cost
Fixtures & fittings
33% on cost
Computer equipment
33% on cost
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Next Generation Ins Group Ltd Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Other
£
Cost
At 1 April 2024
64,820
At 31 March 2025
64,820
Amortisation
At 1 April 2024
45,063
Charge for the year
11,509
At 31 March 2025
56,572
Net book value
At 31 March 2025
8,248
At 31 March 2024
19,757
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
258
3,587
3,845
At 31 March 2025
258
3,587
3,845
Depreciation
At 1 April 2024
113
2,253
2,366
Charge for the year
48
1,184
1,232
At 31 March 2025
161
3,437
3,598
Net book value
At 31 March 2025
97
150
247
At 31 March 2024
145
1,334
1,479
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
13,422
13,422
Accrued income and prepayments
667
667
Other debtors
500
2,900
14,589
16,989
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
-
4,262
Loans from directors
15,384
6,103
Accruals
900
2,190
16,284
12,555
- 6 -
Next Generation Ins Group Ltd Notes to the Accounts for the year ended 31 March 2025
8
Average number of employees
During the year the average number of employees was 1 (2024: 3).
- 7 -