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REGISTERED NUMBER: SC224654 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Nationwide Expert Witness Service
Limited

Nationwide Expert Witness Service
Limited (Registered number: SC224654)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nationwide Expert Witness Service
Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr G Thomson





REGISTERED OFFICE: 42 Queens Road
Aberdeen
AB15 4YE





REGISTERED NUMBER: SC224654 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Nationwide Expert Witness Service
Limited (Registered number: SC224654)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,118 5,468

CURRENT ASSETS
Debtors 5 5,422 45,791
Cash at bank 24,518 31,134
29,940 76,925
CREDITORS
Amounts falling due within one year 6 7,568 26,555
NET CURRENT ASSETS 22,372 50,370
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,490

55,838

CREDITORS
Amounts falling due after more than one
year

7

(32,665

)

(38,621

)

PROVISIONS FOR LIABILITIES (199 ) (309 )
NET (LIABILITIES)/ASSETS (6,374 ) 16,908

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (6,474 ) 16,808
SHAREHOLDERS' FUNDS (6,374 ) 16,908

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 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.

Nationwide Expert Witness Service
Limited (Registered number: SC224654)

Balance Sheet - 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.

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 director and authorised for issue on 26 April 2024 and were signed by:





Mr G Thomson - Director


Nationwide Expert Witness Service
Limited (Registered number: SC224654)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Nationwide Expert Witness Service Limited is a private company, limited by shares , registered in Scotland. 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% 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 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.

3. EMPLOYEES AND DIRECTORS

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

Nationwide Expert Witness Service
Limited (Registered number: SC224654)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 24,498 2,505 27,003
Additions - 118 118
At 31 December 2023 24,498 2,623 27,121
DEPRECIATION
At 1 January 2023 19,638 1,897 21,535
Charge for year 973 495 1,468
At 31 December 2023 20,611 2,392 23,003
NET BOOK VALUE
At 31 December 2023 3,887 231 4,118
At 31 December 2022 4,860 608 5,468

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 14,411
Other debtors 5,422 31,380
5,422 45,791

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 5,556 5,556
Taxation and social security 20 11,213
Other creditors 1,992 9,786
7,568 26,555

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 32,665 38,621

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,443 16,399

Nationwide Expert Witness Service
Limited (Registered number: SC224654)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mr G Thomson
Balance outstanding at start of year - 319
Amounts repaid - (319 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the director who owns 100% of the called up share capital.