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REGISTERED NUMBER: 06962668 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 July 2024

for

Next Phase Consulting Limited

Next Phase Consulting Limited (Registered number: 06962668)






Contents of the Financial Statements
for the Year Ended 30 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Next Phase Consulting Limited

Company Information
for the Year Ended 30 July 2024







DIRECTORS: G Droogmans
Mrs N Droogmans





REGISTERED OFFICE: Cranford
Beacon View Road
Elstead
Surrey
GU8 6DU





REGISTERED NUMBER: 06962668 (England and Wales)





ACCOUNTANTS: Branston Adams
Suite 2, Victoria House
South Street
Farnham
Surrey
GU9 7QU

Next Phase Consulting Limited (Registered number: 06962668)

Balance Sheet
30 July 2024

30.7.24 30.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 5,956 7,444

CURRENT ASSETS
Stocks 52,556 80,387
Debtors 5 52,959 12,603
Cash at bank 4 2
105,519 92,992
CREDITORS
Amounts falling due within one year 6 88,863 66,242
NET CURRENT ASSETS 16,656 26,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,612

34,194

CREDITORS
Amounts falling due after more than one
year

7

11,877

20,250
NET ASSETS 10,735 13,944

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 10,731 13,940
SHAREHOLDERS' FUNDS 10,735 13,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





G Droogmans - Director


Next Phase Consulting Limited (Registered number: 06962668)

Notes to the Financial Statements
for the Year Ended 30 July 2024

1. STATUTORY INFORMATION

Next Phase Consulting 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.

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 consists of income derived from the normal operating activities of the company during the year, less any discounts and standard rate vat.

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 - 20% on reducing balance
Office equipment - 20% 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 Income Statement, 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 2 (2023 - 3 ) .

Next Phase Consulting Limited (Registered number: 06962668)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2024

4. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 31 July 2023
and 30 July 2024 24,950 10,547 35,497
DEPRECIATION
At 31 July 2023 19,718 8,335 28,053
Charge for year 1,046 442 1,488
At 30 July 2024 20,764 8,777 29,541
NET BOOK VALUE
At 30 July 2024 4,186 1,770 5,956
At 30 July 2023 5,232 2,212 7,444

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.24 30.7.23
£    £   
Trade debtors 37,880 11,954
Intercompany - LRD 5,000 -
Prepayments and accrued income 9,358 -
Prepayments 721 649
52,959 12,603

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.24 30.7.23
£    £   
Bank loans and overdrafts 41,783 23,202
Trade creditors 12,784 6,553
Tax 269 14,028
Social security and other taxes - 108
VAT 14,142 3,553
Directors' current accounts 16,846 -
Accrued expenses 3,039 18,798
88,863 66,242

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.7.24 30.7.23
£    £   
Bank loans - 1-2 years 9,000 9,000
Bank loans - 2-5 years 2,877 11,250
11,877 20,250

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G Droogmans & Mrs N Droogmans.

Ultimate control of the company during the year was shared between Mr and Mrs Droogmans by virtue of their shareholding and directorship.