Registration number: 11042444

Nextgen Electrical Contractors Ltd.

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Nextgen Electrical Contractors Ltd.

Company Information

Directors

Mr J Henderson Mr J A M Prideaux

Registered office

Unit 1, Office 1 Tower Lane Business Park Tower Lane Warmley Bristol BS30 8XT

Accountants

Ross & Partners (Bristol) Limited Accountants and Tax Consultants Unit 1, Office 1 Tower Lane Business Park Tower Lane Warmley Bristol BS30 8XT

Nextgen Electrical Contractors Ltd.

(Registration number: 11042444)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	68,832	56,979
Current assets
Stocks	4	45,770	34,942
Debtors	5	25,172	23,585
Cash at bank and in hand		53,639	36,142
		124,581	94,669
Creditors: Amounts falling due within one year	6	(107,754)	(114,591)
Net current assets/(liabilities)		16,827	(19,922)
Total assets less current liabilities		85,659	37,057
Creditors: Amounts falling due after more than one year	6	(28,038)	(2,060)
Provisions for liabilities		(17,208)	(14,245)
Net assets		40,413	20,752
Capital and reserves
Called up share capital	7	20	20
Retained earnings		40,393	20,732
Shareholders' funds		40,413	20,752

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Nextgen Electrical Contractors Ltd.

(Registration number: 11042444)
Balance Sheet as at 30 November 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 August 2026 and signed on its behalf by:
 

......................................... Mr J Henderson Director

Nextgen Electrical Contractors Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Nextgen Electrical Contractors Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Plant and machinery	25% reducing balance
Office equipment	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Nextgen Electrical Contractors Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Nextgen Electrical Contractors Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

3	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 December 2024	5,348	105,193	25,843	136,384
Additions	1,869	44,494	596	46,959
Disposals	(3,978)	(26,082)	-	(30,060)
At 30 November 2025	3,239	123,605	26,439	153,283
Depreciation
At 1 December 2024	3,937	55,642	19,826	79,405
Charge for the year	532	20,761	1,658	22,951
Eliminated on disposal	(2,825)	(15,080)	-	(17,905)
At 30 November 2025	1,644	61,323	21,484	84,451
Carrying amount
At 30 November 2025	1,595	62,282	4,955	68,832
At 30 November 2024	1,411	49,551	6,017	56,979

4

Stocks

	2025 £	2024 £
Work in progress	38,770	29,942
Other inventories	7,000	5,000
	45,770	34,942

Nextgen Electrical Contractors Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

5

Debtors

Current	2025 £	2024 £
Trade debtors	21,374	17,622
Prepayments	198	368
Other debtors	3,600	5,595
	25,172	23,585

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	10,793	4,120
Trade creditors		90	248
Taxation and social security		45,398	44,128
Accruals and deferred income		2,850	2,670
Other creditors		48,623	63,425
		107,754	114,591

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	28,038	2,060

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	20	20	20	20

Nextgen Electrical Contractors Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	28,038	2,060

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	10,793	4,120

9	Related party transactions

Loans to related parties

2025	Other related parties £	Total £
At start of period	3,600	3,600
At end of period	3,600	3,600

2024	Other related parties £	Total £
Advanced	3,600	3,600
At end of period	3,600	3,600

Loans from related parties

2025	Key management £	Total £
At start of period	63,426	63,426
Advanced	1,540	1,540
Repaid	(27,094)	(27,094)
At end of period	37,872	37,872

Nextgen Electrical Contractors Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

2024	Key management £	Total £
At start of period	86,295	86,295
Advanced	4,201	4,201
Repaid	(27,070)	(27,070)
At end of period	63,426	63,426