Next Level Plastering Limited - Filleted accounts

Registered number

10726874

Next Level Plastering Limited

Filleted Accounts

30 March 2025

Next Level Plastering Limited
Registered number:		10726874
Balance Sheet
as at 30 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		135,345			139,974

Current assets
Stocks		14,000			5,000
Debtors	4	53,242			200,717
		67,242			205,717

Creditors: amounts falling due within one year	5	(12,496)			(169,924)

Net current assets			54,746			35,793

Total assets less current liabilities			190,091			175,767

Creditors: amounts falling due after more than one year	6		(57,076)			(66,185)



Net assets			133,015			109,582

Capital and reserves
Called up share capital			200			200
Profit and loss account			132,815			109,382

Shareholders' funds			133,015			109,582

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The 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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




K Brown
Director
Approved by the board on 30 October 2025

Next Level Plastering Limited
Notes to the Accounts
for the period from 1 April 2024 to 30 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Motor vehicles	10% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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 future taxable profits. Deferred tax is measured using the 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			5		5


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	564		194,696		195,260
	Additions	-		9,758		9,758
	At 30 March 2025	564		204,454		205,018

	Depreciation
	At 1 April 2024	504		54,782		55,286
	Charge for the period	60		14,327		14,387
	At 30 March 2025	564		69,109		69,673

	Net book value
	At 30 March 2025	-		135,345		135,345
	At 31 March 2024	60		139,914		139,974


4	Debtors			2025		2024
£					£

	Trade debtors			37,084		31,756
	Other debtors			16,158		168,961
				53,242		200,717


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			2,736		117,137
	Obligations under finance lease and hire purchase contracts			5,500		5,500
	Trade creditors			638		46,287
	Corporation tax			2,622		-
	Other creditors			1,000		1,000
				12,496		169,924


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			19,039		19,644
	Obligations under finance lease and hire purchase contracts			38,037		46,541
				57,076		66,185


7	Other information

	Next Level Plastering Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Beechwood Laneside
	Morley
	Leeds
	LS27 7PB

6	Ultimate controlling party
	The company is controlled by the directors Mr and Mrs K Brown