REGISTERED NUMBER: 07179973 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NEXBRIDGE COMMUNICATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M D Allen

P J Smith

REGISTERED OFFICE:

30 - 32 Hanover House

Charlotte Street

Manchester

M1 4FD

REGISTERED NUMBER:

07179973 (England and Wales)

AUDITORS:

Goldwyns Limited

Statutory Auditors and Chartered Accountants

Rutland House

90-92 Baxter Avenue

Southend on Sea

Essex

SS2 6HZ

FIXED ASSETS

Tangible assets

4

177,228

152,674

CURRENT ASSETS

Debtors

5

862,149

958,761

Cash at bank

85,300

28,558

947,449

987,319

CREDITORS

Amounts falling due within one year

6

939,109

980,816

NET CURRENT ASSETS

8,340

6,503

TOTAL ASSETS LESS CURRENT LIABILITIES

185,568

159,177

CAPITAL AND RESERVES

Called up share capital

1,355

1,355

Share premium

1,342

1,342

Retained earnings

182,871

156,480

185,568

159,177

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 26 September 2025 and were signed on its behalf by:

M D Allen - Director

1.	STATUTORY INFORMATION

Nexbridge Communications 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 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.

Long leasehold

-

over remaining period of the lease

Computer equipment

-

Straight line over 5 years

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Long

Computer

leasehold

equipment

Totals

£

£

£

COST

At 1 January 2024

1,638

376,486

378,124

Additions

-

79,403

79,403

At 31 December 2024

1,638

455,889

457,527

DEPRECIATION

At 1 January 2024

1,638

223,812

225,450

Charge for year

-

54,849

54,849

At 31 December 2024

1,638

278,661

280,299

NET BOOK VALUE

At 31 December 2024

-

177,228

177,228

At 31 December 2023

-

152,674

152,674

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

161,491

90,710

Amounts owed by group undertakings

485,364

639,353

Other debtors

215,294

228,698

862,149

958,761

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

115,498

104,006

Amounts owed to group undertakings

575,464

620,807

Taxation and social security

15,651

19,221

Other creditors

232,496

236,782

939,109

980,816

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

12,569

15,798

Between one and five years

-

11,041

12,569

26,839

8.	DEFERRED TAX

£

Balance at 1 January 2024

(153,900

)

Balance at 31 December 2024

(153,900

)

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Howe BEng FCA (Senior Statutory Auditor)

for and on behalf of Goldwyns Limited

10.	CONTINGENT LIABILITIES

The company has given cross-guarantees is respect of its parent company's debts. At the balance sheet date, these liabilities totalled £9,837,500 (2023 - £7,484,811).

11.	ULTIMATE PARENT COMPANY

As at the balance sheet date, the directors consider the ultimate parent company to be Managed IT Services Group Limited, a company registered in England and Wales.