Shockwave Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 10722135

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		12,856		12,083

			12,856		12,083
CURRENT ASSETS
Debtors	5	146		-
Cash at bank and in hand		23,936		21,127

		24,082		21,127
Creditors: Amounts Falling Due Within One Year	6	(19,761 )		(17,085 )

NET CURRENT ASSETS (LIABILITIES)			4,321		4,042

TOTAL ASSETS LESS CURRENT LIABILITIES			17,177		16,125

Creditors: Amounts Falling Due After More Than One Year	7		(950 )		(2,561 )

NET ASSETS			16,227		13,564

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			16,226		13,563

SHAREHOLDERS' FUNDS			16,227		13,564

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Shockwave Ltd

Balance Sheet (continued)

As At 30 April 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Robert Ellis

Director

8th January 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Shockwave Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10722135 . The registered office is Park House, 10 Park Street, Bristol, BS1 5HX.

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 discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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:

Freehold	0% on cost
Leasehold	0% on cost
Plant & Machinery	25% on written down value
Computer Equipment	33.33% on Cost

2.4. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 May 2024	4,600	1,002	6,050	6,484	18,136
Additions	-	-	1,543	3,299	4,842

As at 30 April 2025	4,600	1,002	7,593	9,783	22,978

...CONTINUED

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Shockwave Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

Depreciation
As at 1 May 2024	-	-	4,029	2,024	6,053
Provided during the period	-	-	1,360	2,709	4,069

As at 30 April 2025	-	-	5,389	4,733	10,122

Net Book Value
As at 30 April 2025	4,600	1,002	2,204	5,050	12,856

As at 1 May 2024	4,600	1,002	2,021	4,460	12,083

5. Debtors

	2025	2024
	£	£
Due within one year
Other taxes and social security	146	-

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	1,640	1,640
Corporation tax	1,616	442
Net wages	690	552
Accruals	1,187	1,187
Director's loan account	14,628	13,264

	19,761	17,085

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

	2025	2024
	£	£
Bounce back loan	950	2,561

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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