Nextwave Consulting Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 12146186

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		45,333		1,404
Tangible Assets	5		16,106		17,403

			61,439		18,807
CURRENT ASSETS
Debtors	6	1,544,208		1,425,469
Cash at bank and in hand		338,006		593,136

		1,882,214		2,018,605
Creditors: Amounts Falling Due Within One Year	7	(824,575 )		(741,784 )

NET CURRENT ASSETS (LIABILITIES)			1,057,639		1,276,821

TOTAL ASSETS LESS CURRENT LIABILITIES			1,119,078		1,295,628

Creditors: Amounts Falling Due After More Than One Year	8		(1,667 )		(12,500 )

NET ASSETS			1,117,411		1,283,128

CAPITAL AND RESERVES
Called up share capital			1,291		1,291
Share premium account			99,882		99,882
Profit and Loss Account			1,016,238		1,181,955

SHAREHOLDERS' FUNDS			1,117,411		1,283,128

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Nextwave Consulting Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Anthony Clark

Director

23 December 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Nextwave Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 12146186 . The registered office is 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of value-added taxes. Turnover includes revenue earned from the provision of services and is recognised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets are Intellectual property. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office equipment	20% straight line
Computer equipment	20% straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.

Assets acquired under hire purchase contracts are depreciated over their useful lives.

Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company.

Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Financial Instruments

Debtors and creditors which are due within one year are recorded at transaction price, less any impairment.

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Nextwave Consulting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Foreign Currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Taxation

The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

	2025	2024
Average number of employees, including directors, during the year	48	47

	48	47

4. Intangible Assets

	Intellectual property
	£
Cost
As at 1 April 2024	1,914
Additions	48,000

As at 31 March 2025	49,914

Amortisation
As at 1 April 2024	510
Provided during the period	4,071

As at 31 March 2025	4,581

...CONTINUED

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Nextwave Consulting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	45,333

As at 1 April 2024	1,404

5. Tangible Assets

	Office equipment	Computer equipment	Total
	£	£	£
Cost
As at 1 April 2024	325	25,417	25,742
Additions	516	3,402	3,918

As at 31 March 2025	841	28,819	29,660

Depreciation
As at 1 April 2024	92	8,247	8,339
Provided during the period	149	5,066	5,215

As at 31 March 2025	241	13,313	13,554

Net Book Value
As at 31 March 2025	600	15,506	16,106

As at 1 April 2024	233	17,170	17,403

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	897,591	1,022,133
Amounts owed by group undertakings	245,099	168,177
Other debtors	401,518	235,159

	1,544,208	1,425,469

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	60,410	32,633
Bank loans and overdrafts	10,000	9,167
Amounts owed to group undertakings	43,553	-
Other creditors	307,152	180,029
Taxation and social security	403,460	519,955

	824,575	741,784

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Nextwave Consulting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,667	12,500

9. Related Party Transactions

During the year the company had transactions with 3 group undertakings. The balances outstanding on each are £192,523 Dr (2024 : £168,177 Dr), £52,575 Dr (2024 : Nil) and £43,553 Cr (2024 : Nil).

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