Acorah Software Products - Accounts Production 18.1.170 false true true false 14 October 2024 31 October 2025 31 October 2025 16015269 J Singh T Singh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 16015269 2024-10-13 16015269 2025-10-31 16015269 2024-10-14 2025-10-31 16015269 frs-core:Non-currentFinancialInstruments 2025-10-31 16015269 frs-core:BetweenOneFiveYears 2025-10-31 16015269 frs-core:MotorVehicles 2024-10-14 2025-10-31 16015269 frs-core:WithinOneYear 2025-10-31 16015269 frs-core:ShareCapital 2025-10-31 16015269 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 16015269 frs-bus:PrivateLimitedCompanyLtd 2024-10-14 2025-10-31 16015269 frs-bus:AbridgedAccounts 2024-10-14 2025-10-31 16015269 frs-bus:SmallEntities 2024-10-14 2025-10-31 16015269 frs-bus:AuditExempt-NoAccountantsReport 2024-10-14 2025-10-31 16015269 frs-bus:SmallCompaniesRegimeForAccounts 2024-10-14 2025-10-31 16015269 frs-bus:Director1 2024-10-14 2025-10-31 16015269 frs-bus:Director2 2024-10-14 2025-10-31 16015269 frs-countries:EnglandWales 2024-10-14 2025-10-31
Registered number: 16015269
Nexgen Vehicles Ltd
Unaudited ABRIDGED Financial Statements
For the Period 14 October 2024 to 31 October 2025
Maple Accountancy Ltd
Carter House
Wyvern Business Park, Stanier Way
Derby
Derbyshire
DE21 6BF
Nexgen Vehicles Ltd
Contents
Contents

| Page
--- | ---
Abridged Balance Sheet | 1—2
Notes to the Abridged Financial Statements | 3—4

Page 1
Nexgen Vehicles Ltd
Abridged Balance Sheet
As At 31 October 2025
Abridged Balance Sheet
Registered number: 16015269

| 31 October 2025
--- | ---
| Notes | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 29,248
|  |  | 29,248
CURRENT ASSETS
Debtors |  | 278,799 |
Cash at bank and in hand |  | 11,009 |
|  | 289,808 |
Creditors: Amounts Falling Due Within One Year |  | (294,370 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (4,562 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 24,686
Creditors: Amounts Falling Due After More Than One Year |  |  | (23,190 )
NET ASSETS |  |  | 1,496
CAPITAL AND RESERVES
Called up share capital | 7 |  | 100
Profit and Loss Account |  |  | 1,396
SHAREHOLDERS' FUNDS |  |  | 1,496

Page 1
Page 2
Nexgen Vehicles Ltd
Abridged Balance Sheet (continued)
As At 31 October 2025
For the period ending 31 October 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 October 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

T Singh Director
07/04/2026

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Nexgen Vehicles Ltd
Notes to the Abridged Financial Statements
For the Period 14 October 2024 to 31 October 2025
Notes to the Abridged Financial Statements
1. General Information
Nexgen Vehicles Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 16015269 . The registered office is 11 Union Road, Oldbury, B69 3EX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate due to support from the directors.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles | 25% on Reducing Balance

2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
Page 3
Page 4
Nexgen Vehicles Ltd
Notes to the Abridged Financial Statements (continued)
For the Period 14 October 2024 to 31 October 2025
4. Tangible Assets

| Total
--- | ---
| £
Cost
As at 14 October 2024 | -
Additions | 38,998
As at 31 October 2025 | 38,998
Depreciation
As at 14 October 2024 | -
Provided during the period | 9,750
As at 31 October 2025 | 9,750
Net Book Value
As at 31 October 2025 | 29,248
As at 14 October 2024 | -

5. Secured Creditors
Included in creditors due within one year is an amount of £24,750 which is secured on assets of the company.
Included within creditors due in more than one year is an amount of £23,190 which is secured on assets of the company.
6. Obligations Under Finance Leases and Hire Purchase

| 31 October 2025
--- | ---
| £
The future minimum finance lease payments are as follows:
Not later than one year | 24,750
Later than one year and not later than five years | 23,190
| 47,940
| 47,940

7. Share Capital

| 31 October 2025
--- | ---
| £
Allotted, Called up and fully paid | 100

Page 4