Nexgen Specialists Limited - Filleted accounts

Registered number

14144245

Nexgen Specialists Limited

Filleted Accounts

31 May 2026

Nexgen Specialists Limited
Registered number:		14144245
Balance Sheet
as at 31 May 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		88,148			63,061

Current assets
Stocks		23,267			-
Debtors	4	532,206			16,263
Cash at bank and in hand		271,478			183,214
		826,951			199,477

Creditors: amounts falling due within one year	5	(311,796)			(136,572)

Net current assets			515,155			62,905

Total assets less current liabilities			603,303			125,966

Creditors: amounts falling due after more than one year	6		(27,101)			(35,514)

Provisions for liabilities			(23,000)			(15,000)


Net assets			553,202			75,452

Capital and reserves
Called up share capital			2			2
Profit and loss account			553,200			75,450

Shareholders' funds			553,202			75,452

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.




J Newman Corner
Director
Approved by the board on 4 June 2026

Nexgen Specialists Limited
Notes to the Accounts
for the year ended 31 May 2026


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:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery & vehicles	15% reducing balance
	Fixtures, fittings, tools and equipment	15% 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			9		4


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 June 2025	18,523		60,833		79,356
	Additions	3,376		44,584		47,960
	Disposals	-		(12,084)		(12,084)
	At 31 May 2026	21,899		93,333		115,232

	Depreciation
	At 1 June 2025	4,059		12,236		16,295
	Charge for the year	2,810		12,903		15,713
	On disposals	-		(4,924)		(4,924)
	At 31 May 2026	6,869		20,215		27,084

	Net book value
	At 31 May 2026	15,030		73,118		88,148
	At 31 May 2025	14,464		48,597		63,061


4	Debtors			2026		2025
£					£

	Trade debtors			524,676		16,263
	Other debtors			7,530		-
				532,206		16,263


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			2,000		2,240
	Obligations under finance lease and hire purchase contracts			7,167		7,167
	Trade creditors			12,716		11,360
	Taxation and social security costs			226,269		52,438
	Other creditors			63,644		63,367
				311,796		136,572


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			667		2,667
	Obligations under finance lease and hire purchase contracts			26,434		32,847
				27,101		35,514


7	Other information

	Nexgen Specialists Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 11 Berkeley Court
	Manor Park
	Runcorn
	WA7 1TQ