| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 |
| FOR |
| NEXTGEN PRECISION ENGINEERING LTD |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 |
| FOR |
| NEXTGEN PRECISION ENGINEERING LTD |
| NEXTGEN PRECISION ENGINEERING LTD (REGISTERED NUMBER: 03148056) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 September 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| NEXTGEN PRECISION ENGINEERING LTD |
| COMPANY INFORMATION |
| for the Year Ended 30 September 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 101 Galgate |
| Barnard Castle |
| Co. Durham |
| DL12 8ES |
| NEXTGEN PRECISION ENGINEERING LTD (REGISTERED NUMBER: 03148056) |
| BALANCE SHEET |
| 30 September 2025 |
| 30.9.25 | 30.9.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| NEXTGEN PRECISION ENGINEERING LTD (REGISTERED NUMBER: 03148056) |
| BALANCE SHEET - continued |
| 30 September 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| NEXTGEN PRECISION ENGINEERING LTD (REGISTERED NUMBER: 03148056) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 September 2025 |
| 1. | STATUTORY INFORMATION |
| NextGen Precision Engineering Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| NEXTGEN PRECISION ENGINEERING LTD (REGISTERED NUMBER: 03148056) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 September 2025 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor |
| machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 October 2024 |
| Additions |
| At 30 September 2025 |
| DEPRECIATION |
| At 1 October 2024 |
| Charge for year |
| At 30 September 2025 |
| NET BOOK VALUE |
| At 30 September 2025 |
| At 30 September 2024 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2024 |
| Additions |
| Transfer to ownership | - | (36,998 | ) | (36,998 | ) |
| At 30 September 2025 |
| DEPRECIATION |
| At 1 October 2024 |
| Charge for year |
| Transfer to ownership | - | (33,969 | ) | (33,969 | ) |
| At 30 September 2025 |
| NET BOOK VALUE |
| At 30 September 2025 |
| At 30 September 2024 |
| NEXTGEN PRECISION ENGINEERING LTD (REGISTERED NUMBER: 03148056) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 September 2025 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.25 | 30.9.24 |
| £ | £ |
| Trade debtors |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.25 | 30.9.24 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 90 | 14,099 |
| Accrued expenses |
| Pension scheme loan |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.9.25 | 30.9.24 |
| £ | £ |
| Other loans (see note 8) |
| Hire purchase contracts |
| 8. | LOANS |
| An analysis of the maturity of loans is given below: |
| 30.9.25 | 30.9.24 |
| £ | £ |
| Amounts falling due between one and two years: |
| Pension loan - 1-2 years | 85,761 |
| Bounce Back loan | 6,977 | 12,281 |
| NEXTGEN PRECISION ENGINEERING LTD (REGISTERED NUMBER: 03148056) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 September 2025 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.9.25 | 30.9.24 |
| £ | £ |
| Hire purchase contracts | 80,458 | 30,658 |
| Hire purchase creditors are secured by a charge over the asset to which the finance relates. |
| The loan from the pension scheme is secured by a personal security provided by Mrs L M E Fairbrother. |
| 10. | PROVISIONS FOR LIABILITIES |
| 30.9.25 | 30.9.24 |
| £ | £ |
| Deferred tax | 88,491 | 73,605 |
| Deferred |
| tax |
| £ |
| Balance at 1 October 2024 |
| Provided during year |
| Balance at 30 September 2025 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.25 | 30.9.24 |
| value: | £ | £ |
| Ordinary | £1 | 60 | 60 |
| 12. | RELATED PARTY DISCLOSURES |
| The company operates from premises owned by Fairbrother and Grimshaw Retirement Benefit Scheme and pays rent at open market value. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mrs L M E Fairbrother. |