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REGISTERED NUMBER: 12563359 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Nationwide Commercials Ltd

Nationwide Commercials Ltd (Registered number: 12563359)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nationwide Commercials Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: L Tulley





REGISTERED OFFICE: Old Orchard
Great North Road
Bawtry
Doncaster
South Yorkshire
DN10 6DF





REGISTERED NUMBER: 12563359 (England and Wales)





ACCOUNTANTS: D I Accountants Ltd
Pattern Store 1A
Station Approach
Gainsborough
Lincolnshire
DN21 2AU

Nationwide Commercials Ltd (Registered number: 12563359)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 173,836 89,667

CURRENT ASSETS
Stocks 5 50,138 -
Debtors 6 2,362 11,928
Cash at bank and in hand 11,457 15,704
63,957 27,632
CREDITORS
Amounts falling due within one year 7 150,903 115,620
NET CURRENT LIABILITIES (86,946 ) (87,988 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,890

1,679

CREDITORS
Amounts falling due after more than one
year

8

54,361

-
NET ASSETS 32,529 1,679

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 32,527 1,677
SHAREHOLDERS' FUNDS 32,529 1,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Nationwide Commercials Ltd (Registered number: 12563359)

Balance Sheet - continued
30 April 2023



The financial statements were approved by the director and authorised for issue on 28 January 2024 and were signed by:





L Tulley - Director


Nationwide Commercials Ltd (Registered number: 12563359)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Nationwide Commercials Ltd 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

Nationwide Commercials Ltd (Registered number: 12563359)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2022 21,161 91,656 112,817
Additions 560 121,229 121,789
At 30 April 2023 21,721 212,885 234,606
DEPRECIATION
At 1 May 2022 4,706 18,444 23,150
Charge for year 3,291 34,329 37,620
At 30 April 2023 7,997 52,773 60,770
NET BOOK VALUE
At 30 April 2023 13,724 160,112 173,836
At 30 April 2022 16,455 73,212 89,667

5. STOCKS
30.4.23 30.4.22
£    £   
Stocks 50,138 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
VAT 1,862 11,428
Prepayments and accrued income 500 500
2,362 11,928

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 35,828 45,198
Hire purchase contracts and finance leases 19,020 -
Trade creditors - 22,181
Directors' current accounts 94,057 47,266
Accrued expenses 1,998 975
150,903 115,620

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts and finance leases 54,361 -

Nationwide Commercials Ltd (Registered number: 12563359)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
2 Ordinary Shares 2 2 2

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £41,174 were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L Tulley.