2023-03-012024-02-292024-02-29false04683181NATIONWIDE VEHICLE DELIVERIES LTD2024-07-22iso4217:GBPxbrli:pure046831812023-03-01046831812024-02-29046831812023-03-012024-02-29046831812022-03-01046831812023-02-28046831812022-03-012023-02-2804683181bus:SmallEntities2023-03-012024-02-2904683181bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2904683181bus:FullAccounts2023-03-012024-02-2904683181bus:PrivateLimitedCompanyLtd2023-03-012024-02-2904683181core:WithinOneYear2024-02-2904683181core:AfterOneYear2024-02-2904683181core:WithinOneYear2023-02-2804683181core:AfterOneYear2023-02-2804683181core:ShareCapital2024-02-2904683181core:SharePremium2024-02-2904683181core:RevaluationReserve2024-02-2904683181core:OtherReservesSubtotal2024-02-2904683181core:RetainedEarningsAccumulatedLosses2024-02-2904683181core:ShareCapital2023-02-2804683181core:SharePremium2023-02-2804683181core:RevaluationReserve2023-02-2804683181core:OtherReservesSubtotal2023-02-2804683181core:RetainedEarningsAccumulatedLosses2023-02-2804683181core:LandBuildings2024-02-2904683181core:PlantMachinery2024-02-2904683181core:Vehicles2024-02-2904683181core:FurnitureFittings2024-02-2904683181core:OfficeEquipment2024-02-2904683181core:NetGoodwill2024-02-2904683181core:IntangibleAssetsOtherThanGoodwill2024-02-2904683181core:ListedExchangeTraded2024-02-2904683181core:UnlistedNon-exchangeTraded2024-02-2904683181core:LandBuildings2023-02-2804683181core:PlantMachinery2023-02-2804683181core:Vehicles2023-02-2804683181core:FurnitureFittings2023-02-2804683181core:OfficeEquipment2023-02-2804683181core:NetGoodwill2023-02-2804683181core:IntangibleAssetsOtherThanGoodwill2023-02-2804683181core:ListedExchangeTraded2023-02-2804683181core:UnlistedNon-exchangeTraded2023-02-2804683181core:LandBuildings2023-03-012024-02-2904683181core:PlantMachinery2023-03-012024-02-2904683181core:Vehicles2023-03-012024-02-2904683181core:FurnitureFittings2023-03-012024-02-2904683181core:OfficeEquipment2023-03-012024-02-2904683181core:NetGoodwill2023-03-012024-02-2904683181core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2904683181core:ListedExchangeTraded2023-03-012024-02-2904683181core:UnlistedNon-exchangeTraded2023-03-012024-02-2904683181core:MoreThanFiveYears2023-03-012024-02-2904683181core:Non-currentFinancialInstruments2024-02-2904683181core:Non-currentFinancialInstruments2023-02-2804683181dpl:CostSales2023-03-012024-02-2904683181dpl:DistributionCosts2023-03-012024-02-2904683181core:LandBuildings2023-03-012024-02-2904683181core:PlantMachinery2023-03-012024-02-2904683181core:Vehicles2023-03-012024-02-2904683181core:FurnitureFittings2023-03-012024-02-2904683181core:OfficeEquipment2023-03-012024-02-2904683181dpl:AdministrativeExpenses2023-03-012024-02-2904683181core:NetGoodwill2023-03-012024-02-2904683181core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2904683181dpl:GroupUndertakings2023-03-012024-02-2904683181dpl:ParticipatingInterests2023-03-012024-02-2904683181dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2904683181core:ListedExchangeTraded2023-03-012024-02-2904683181dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2904683181core:UnlistedNon-exchangeTraded2023-03-012024-02-2904683181dpl:CostSales2022-03-012023-02-2804683181dpl:DistributionCosts2022-03-012023-02-2804683181core:LandBuildings2022-03-012023-02-2804683181core:PlantMachinery2022-03-012023-02-2804683181core:Vehicles2022-03-012023-02-2804683181core:FurnitureFittings2022-03-012023-02-2804683181core:OfficeEquipment2022-03-012023-02-2804683181dpl:AdministrativeExpenses2022-03-012023-02-2804683181core:NetGoodwill2022-03-012023-02-2804683181core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2804683181dpl:GroupUndertakings2022-03-012023-02-2804683181dpl:ParticipatingInterests2022-03-012023-02-2804683181dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2804683181core:ListedExchangeTraded2022-03-012023-02-2804683181dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2804683181core:UnlistedNon-exchangeTraded2022-03-012023-02-2804683181core:NetGoodwill2024-02-2904683181core:IntangibleAssetsOtherThanGoodwill2024-02-2904683181core:LandBuildings2024-02-2904683181core:PlantMachinery2024-02-2904683181core:Vehicles2024-02-2904683181core:FurnitureFittings2024-02-2904683181core:OfficeEquipment2024-02-2904683181core:AfterOneYear2024-02-2904683181core:WithinOneYear2024-02-2904683181core:ListedExchangeTraded2024-02-2904683181core:UnlistedNon-exchangeTraded2024-02-2904683181core:ShareCapital2024-02-2904683181core:SharePremium2024-02-2904683181core:RevaluationReserve2024-02-2904683181core:OtherReservesSubtotal2024-02-2904683181core:RetainedEarningsAccumulatedLosses2024-02-2904683181core:NetGoodwill2023-02-2804683181core:IntangibleAssetsOtherThanGoodwill2023-02-2804683181core:LandBuildings2023-02-2804683181core:PlantMachinery2023-02-2804683181core:Vehicles2023-02-2804683181core:FurnitureFittings2023-02-2804683181core:OfficeEquipment2023-02-2804683181core:AfterOneYear2023-02-2804683181core:WithinOneYear2023-02-2804683181core:ListedExchangeTraded2023-02-2804683181core:UnlistedNon-exchangeTraded2023-02-2804683181core:ShareCapital2023-02-2804683181core:SharePremium2023-02-2804683181core:RevaluationReserve2023-02-2804683181core:OtherReservesSubtotal2023-02-2804683181core:RetainedEarningsAccumulatedLosses2023-02-2804683181core:NetGoodwill2022-03-0104683181core:IntangibleAssetsOtherThanGoodwill2022-03-0104683181core:LandBuildings2022-03-0104683181core:PlantMachinery2022-03-0104683181core:Vehicles2022-03-0104683181core:FurnitureFittings2022-03-0104683181core:OfficeEquipment2022-03-0104683181core:AfterOneYear2022-03-0104683181core:WithinOneYear2022-03-0104683181core:ListedExchangeTraded2022-03-0104683181core:UnlistedNon-exchangeTraded2022-03-0104683181core:ShareCapital2022-03-0104683181core:SharePremium2022-03-0104683181core:RevaluationReserve2022-03-0104683181core:OtherReservesSubtotal2022-03-0104683181core:RetainedEarningsAccumulatedLosses2022-03-0104683181core:AfterOneYear2023-03-012024-02-2904683181core:WithinOneYear2023-03-012024-02-2904683181core:Non-currentFinancialInstrumentscore:CostValuation2023-03-012024-02-2904683181core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-012024-02-2904683181core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-012024-02-2904683181core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-012024-02-2904683181core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-012024-02-2904683181core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-012024-02-2904683181core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2904683181core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2904683181core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2904683181core:Non-currentFinancialInstrumentscore:CostValuation2024-02-2904683181core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-02-2904683181core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-02-2904683181core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-02-2904683181core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-02-2904683181core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-02-2904683181core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-02-2904683181core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-02-2904683181core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-02-2904683181core:Non-currentFinancialInstrumentscore:CostValuation2023-02-2804683181core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-2804683181core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-2804683181core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-2804683181core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-2804683181core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-2804683181core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-2804683181core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-2804683181core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-2804683181bus:Director12023-03-012024-02-2904683181bus:Director22023-03-012024-02-2904683181core:FurnitureFittingsToolsEquipment2023-02-2804683181core:FurnitureFittingsToolsEquipment2024-02-29

NATIONWIDE VEHICLE DELIVERIES LTD

Registered Number
04683181
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

NATIONWIDE VEHICLE DELIVERIES LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

SMYTH, John Desmond
SMYTH, Muriel

Company Secretary

SMITH, Richard Anthony

Registered Address

Polygon House
Mode Wheel Road South
Salford
M50 1DG

Registered Number

04683181 (England and Wales)
NATIONWIDE VEHICLE DELIVERIES LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets311
11
Current assets
Stocks4-20,000
Debtors992,726996,704
Cash at bank and on hand489,435434,702
1,482,1611,451,406
Creditors amounts falling due within one year5(975,853)(922,601)
Net current assets (liabilities)506,308528,805
Total assets less current liabilities506,309528,806
Creditors amounts falling due after one year(84,493)(133,525)
Net assets421,816395,281
Capital and reserves
Profit and loss account421,816395,281
Shareholders' funds421,816395,281
The financial statements were approved and authorised for issue by the Board of Directors on 22 July 2024, and are signed on its behalf by:
SMYTH, John Desmond
Director
Registered Company No. 04683181
NATIONWIDE VEHICLE DELIVERIES LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 March 2311
At 29 February 2411
Net book value
At 29 February 2411
At 28 February 2311
4.Stocks

2024

2023

££
Work in progress-20,000
Total-20,000
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables288,568278,724
Bank borrowings and overdrafts55,00059,500
Amounts owed to related parties336,937336,937
Taxation and social security168,354128,655
Other creditors9,99443,085
Accrued liabilities and deferred income117,00075,700
Total975,853922,601
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.