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REGISTERED NUMBER: 13861965 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

NATIONWIDE EXPRESS SERVICES LTD

NATIONWIDE EXPRESS SERVICES LTD (REGISTERED NUMBER: 13861965)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

NATIONWIDE EXPRESS SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D K Loughran
Ms P A Rutherford
Mrs J Zakotti





SECRETARY: Mrs R M Iles





REGISTERED OFFICE: Unit R2 Kingsville Road
Kingsditch Trading Estate
Cheltenham
Gloucestershire
GL51 9NZ





REGISTERED NUMBER: 13861965 (England and Wales)





ACCOUNTANTS: Andorran Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

NATIONWIDE EXPRESS SERVICES LTD (REGISTERED NUMBER: 13861965)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 343,900 345,635

CURRENT ASSETS
Debtors 99,047 136,167
Cash at bank and in hand 173,887 123,584
272,934 259,751
CREDITORS
Amounts falling due within one year (397,778 ) (448,380 )
NET CURRENT LIABILITIES (124,844 ) (188,629 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,056

157,006

CREDITORS
Amounts falling due after more than one
year

(62,233

)

(58,838

)

PROVISIONS FOR LIABILITIES (18,080 ) (8,036 )
NET ASSETS 138,743 90,132

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 138,643 90,032
SHAREHOLDERS' FUNDS 138,743 90,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NATIONWIDE EXPRESS SERVICES LTD (REGISTERED NUMBER: 13861965)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by:





Ms P A Rutherford - Director


NATIONWIDE EXPRESS SERVICES LTD (REGISTERED NUMBER: 13861965)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Nationwide Express Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue is recognised at the point of invoicing.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 15 ) .

NATIONWIDE EXPRESS SERVICES LTD (REGISTERED NUMBER: 13861965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 353,124
Additions 87,174
At 31 December 2023 440,298
DEPRECIATION
At 1 January 2023 7,489
Charge for year 88,909
At 31 December 2023 96,398
NET BOOK VALUE
At 31 December 2023 343,900
At 31 December 2022 345,635

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

6. RELATED PARTY DISCLOSURES

D K Loughran
Director and shareholder of the company


In the previous period, Mr Loughran loaned the company £60,266 as working capital. During the year, the company repaid the restated party £13,160. This amount is unsecured, interest-free and repayable on demand.

31.12.23 31.12.22
£    £   
Amount due to related party at the balance sheet date 47,160 60,266

Ms P A Rutherford
Director and shareholder of the company


In a previous year, Ms Rutherford loaned the company £76,500 as working capital. During the year, the company repaid the related party £12,911. This amount is unsecured, interest-free and repayable on demand.

31.12.23 31.12.22
£    £   
Amount due to related party at the balance sheet date 63,589 76,500

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NATIONWIDE EXPRESS SERVICES LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nationwide Express Services Ltd for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, Abridged Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Nationwide Express Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nationwide Express Services Ltd and state those matters that we have agreed to state to the Board of Directors of Nationwide Express Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nationwide Express Services Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Nationwide Express Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nationwide Express Services Ltd. You consider that Nationwide Express Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Nationwide Express Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Andorran Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX


Date: .............................................