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Company Registration No. 05950148 (England and Wales)
Next Element Ltd Unaudited accounts for the year ended 30 September 2025
Next Element Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Next Element Ltd Company Information for the year ended 30 September 2025
Directors
Rupert Chater Alexander Charles Robert Chater
Company Number
05950148 (England and Wales)
Registered Office
Union House 111 New Union Street Coventry CV1 2NT United Kingdom
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Next Element Ltd Statement of financial position as at 30 September 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
3,966 
5,050 
Current assets
Inventories
5
9,674 
5,859 
Debtors
6
5,989 
11,496 
Cash at bank and in hand
8,213 
19,479 
23,876 
36,834 
Creditors: amounts falling due within one year
7
(26,834)
(41,645)
Net current liabilities
(2,958)
(4,811)
Net assets
1,008 
239 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
908 
139 
Shareholders' funds
1,008 
239 
For the year ending 30 September 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2026 and were signed on its behalf by
Rupert Chater Director Company Registration No. 05950148
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Next Element Ltd Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Next Element Ltd is a private company, limited by shares, registered in England and Wales, registration number 05950148. The registered office is Union House, 111 New Union Street, Coventry, CV1 2NT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2024
7,588 
62,833 
70,421 
Additions
- 
1,867 
1,867 
At 30 September 2025
7,588 
64,700 
72,288 
Depreciation
At 1 October 2024
7,589 
57,782 
65,371 
Charge for the year
- 
2,951 
2,951 
At 30 September 2025
7,589 
60,733 
68,322 
Net book value
At 30 September 2025
(1)
3,967 
3,966 
At 30 September 2024
(1)
5,051 
5,050 
5
Inventories
2025 
2024 
£ 
£ 
Raw materials
9,674 
5,859 
9,674 
5,859 
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Next Element Ltd Notes to the Accounts for the year ended 30 September 2025
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,456 
10,099 
Accrued income and prepayments
3,533 
1,397 
5,989 
11,496 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
192 
(264)
Trade creditors
6,338 
6,795 
Taxes and social security
3,421 
4,155 
Loans from directors
12,974 
21,465 
Accruals
2,574 
4,059 
Deferred income
1,335 
5,435 
26,834 
41,645 
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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