3 false false false false false false false false false false true false false true false true true No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07910659 2022-03-01 2023-02-28 07910659 2023-02-28 07910659 2022-02-28 07910659 2021-03-01 2022-02-28 07910659 2022-02-28 07910659 2021-02-28 07910659 bus:Director1 2022-03-01 2023-02-28 07910659 core:FurnitureFittings 2022-02-28 07910659 core:MotorVehicles 2022-02-28 07910659 core:FurnitureFittings 2023-02-28 07910659 core:MotorVehicles 2023-02-28 07910659 core:FurnitureFittings 2022-03-01 2023-02-28 07910659 core:MotorVehicles 2022-03-01 2023-02-28 07910659 core:WithinOneYear 2023-02-28 07910659 core:WithinOneYear 2022-02-28 07910659 core:AfterOneYear 2023-02-28 07910659 core:AfterOneYear 2022-02-28 07910659 core:ShareCapital 2023-02-28 07910659 core:ShareCapital 2022-02-28 07910659 core:RetainedEarningsAccumulatedLosses 2023-02-28 07910659 core:RetainedEarningsAccumulatedLosses 2022-02-28 07910659 core:FurnitureFittings 2022-02-28 07910659 core:MotorVehicles 2022-02-28 07910659 bus:SmallEntities 2022-03-01 2023-02-28 07910659 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 07910659 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 07910659 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 07910659 bus:FullAccounts 2022-03-01 2023-02-28
COMPANY REGISTRATION NUMBER: 07910659
NATIONWIDE SHOPFRONT LTD
Filleted Unaudited Financial Statements
28 February 2023
NATIONWIDE SHOPFRONT LTD
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
34,677
9,659
Current assets
Cash at bank and in hand
71,211
63,164
Creditors: amounts falling due within one year
6
29,113
19,848
--------
--------
Net current assets
42,098
43,316
--------
--------
Total assets less current liabilities
76,775
52,975
Creditors: amounts falling due after more than one year
7
57,349
44,166
--------
--------
Net assets
19,426
8,809
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
19,326
8,709
--------
-------
Shareholders funds
19,426
8,809
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
NATIONWIDE SHOPFRONT LTD
Statement of Financial Position (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 24 November 2023 , and are signed on behalf of the board by:
P S Randhawa
Director
Company registration number: 07910659
NATIONWIDE SHOPFRONT LTD
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 14 RANELAGH ROAD, SOUTHALL, UB1 1DQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 1 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 March 2022
2,345
23,594
25,939
Additions
34,909
34,909
Disposals
( 9,100)
( 9,100)
-------
--------
--------
At 28 February 2023
2,345
49,403
51,748
-------
--------
--------
Depreciation
At 1 March 2022
1,328
14,952
16,280
Charge for the year
204
8,466
8,670
Disposals
( 7,879)
( 7,879)
-------
--------
--------
At 28 February 2023
1,532
15,539
17,071
-------
--------
--------
Carrying amount
At 28 February 2023
813
33,864
34,677
-------
--------
--------
At 28 February 2022
1,017
8,642
9,659
-------
--------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
9,806
6,693
Social security and other taxes
12,684
6,464
Other creditors
6,623
6,691
--------
--------
29,113
19,848
--------
--------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bounce back loan
33,871
44,166
Other creditors
23,478
--------
--------
57,349
44,166
--------
--------
8. Director's advances, credits and guarantees
Directors loan account relates to directors current account.
9. Related party transactions
The company was under the control of Mr P S Randhawa throughout the current period. Mr P S Randhawa is the managing director holding 100% share capital.