Next Generation Home Improvements Ltd - Accounts to registrar (filleted)

NEXT GENERATION HOME IMPROVEMENTS

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D R Brown

L K Goddard

REGISTERED OFFICE:

25 Butterley Hill

Ripley

Derbyshire

DE5 3LT

REGISTERED NUMBER:

07443691 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

FIXED ASSETS

Tangible assets

4

158,988

183,899

CURRENT ASSETS

Stocks

106,672

405,132

Debtors

5

908,811

1,739,923

Cash at bank and in hand

535,095

392,343

1,550,578

2,537,398

CREDITORS

Amounts falling due within one year

6

686,458

1,335,927

NET CURRENT ASSETS

864,120

1,201,471

TOTAL ASSETS LESS CURRENT LIABILITIES

1,023,108

1,385,370

CREDITORS

Amounts falling due after more than one
year

7

(6,160

)

(16,514

)

PROVISIONS FOR LIABILITIES

8

(275,795

)

(259,801

)

NET ASSETS

741,153

1,109,055

CAPITAL AND RESERVES

Called up share capital

9

2

Retained earnings

741,151

1,109,053

SHAREHOLDERS' FUNDS

741,153

1,109,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2026 and were signed on its behalf by:

D R Brown - Director

1.	STATUTORY INFORMATION

Next Generation Home Improvements Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 September 2024

355,479

497

355,976

Additions

46,210

2,065

48,275

Disposals

(89,711

)

-

(89,711

)

At 31 August 2025

311,978

2,562

314,540

DEPRECIATION

At 1 September 2024

171,849

228

172,077

Charge for year

46,449

149

46,598

Eliminated on disposal

(63,123

)

-

(63,123

)

At 31 August 2025

155,175

377

155,552

NET BOOK VALUE

At 31 August 2025

156,803

2,185

158,988

At 31 August 2024

183,630

269

183,899

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

104,788

878,025

Amounts owed by group undertakings

688,283

660,381

Other debtors

115,740

201,517

908,811

1,739,923

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

10,354

10,098

Trade creditors

29,343

46,455

Taxation and social security

174,404

166,556

Other creditors

472,357

1,112,818

686,458

1,335,927

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

6,160

16,514

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

34,700

45,100

Other provisions

241,095

214,701

275,795

259,801

Deferred

Other

tax

provisions

£

Balance at 1 September 2024

45,100

214,701

Provided during year

(10,400

)

-

Balance at 31 August 2025

34,700

214,701

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

2

Ordinary

£1

2

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

D R Brown

Balance outstanding at start of year

12,412

23,864

Amounts advanced

339

548

Amounts repaid

-

(12,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

12,751

12,412

L K Goddard

Balance outstanding at start of year

3,850

10,150

Amounts repaid

(3,850

)

(6,300

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

3,850

Interest is charged on loans to directors at HMRC approved rates. The amount charged during the year amounted to £356 (2024: £408)