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REGISTERED NUMBER: 09882778 (England and Wales)















NATIONWIDE ELECTRICAL CONTRACTOR
SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023






NATIONWIDE ELECTRICAL CONTRACTOR
SERVICES LTD (REGISTERED NUMBER: 09882778)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 8

NATIONWIDE ELECTRICAL CONTRACTOR
SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: S M Smith
S M Pursley





SECRETARY:





REGISTERED OFFICE: Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL





REGISTERED NUMBER: 09882778 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

NATIONWIDE ELECTRICAL CONTRACTOR
SERVICES LTD (REGISTERED NUMBER: 09882778)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 190,540 219,094

CURRENT ASSETS
Debtors 5 96,594 66,038
Cash at bank 96,184 232,302
192,778 298,340
CREDITORS
Amounts falling due within one year 6 134,523 148,316
NET CURRENT ASSETS 58,255 150,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,795

369,118

CREDITORS
Amounts falling due after more than one
year

7

183,295

250,938
NET ASSETS 65,500 118,180

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 65,300 117,980
SHAREHOLDERS' FUNDS 65,500 118,180

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 ELECTRICAL CONTRACTOR
SERVICES LTD (REGISTERED NUMBER: 09882778)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:





S M Pursley - Director


NATIONWIDE ELECTRICAL CONTRACTOR
SERVICES LTD (REGISTERED NUMBER: 09882778)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Nationwide Electrical Contractor 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.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and Machinery - 20% on cost
Motor Vehicles - 25% on cost
Computer Equipment - 33% on cost

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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

NATIONWIDE ELECTRICAL CONTRACTOR
SERVICES LTD (REGISTERED NUMBER: 09882778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

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 9 (2022 - 10 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
Machinery Vehicles Equipment Totals
£    £    £    £   
COST
At 1 December 2022 25,133 364,605 6,909 396,647
Additions 11,075 - 1,885 12,960
Disposals - (9,125 ) - (9,125 )
At 30 November 2023 36,208 355,480 8,794 400,482
DEPRECIATION
At 1 December 2022 18,562 152,622 6,369 177,553
Charge for year 5,586 33,987 689 40,262
Eliminated on disposal - (7,873 ) - (7,873 )
At 30 November 2023 24,148 178,736 7,058 209,942
NET BOOK VALUE
At 30 November 2023 12,060 176,744 1,736 190,540
At 30 November 2022 6,571 211,983 540 219,094

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
Machinery Vehicles Totals
£    £    £   
COST
At 1 December 2022 17,980 340,643 358,623
Transfer to ownership (17,980 ) - (17,980 )
At 30 November 2023 - 340,643 340,643
DEPRECIATION
At 1 December 2022 12,361 132,541 144,902
Charge for year - 32,860 32,860
Transfer to ownership (12,361 ) - (12,361 )
At 30 November 2023 - 165,401 165,401
NET BOOK VALUE
At 30 November 2023 - 175,242 175,242
At 30 November 2022 5,619 208,102 213,721

NATIONWIDE ELECTRICAL CONTRACTOR
SERVICES LTD (REGISTERED NUMBER: 09882778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 51,914 26,461
Other debtors 44,680 39,577
96,594 66,038

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 57,648 52,737
Trade creditors 750 71
Taxation and social security 40,240 58,462
Other creditors 25,885 27,046
134,523 148,316

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,097 25,092
Hire purchase contracts 168,198 225,846
183,295 250,938

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
100 B Shares £1 100 100
200 200

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
S M Smith
Balance outstanding at start of year 9,690 9,499
Amounts advanced 67,358 74,258
Amounts repaid (67,441 ) (74,067 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,607 9,690

NATIONWIDE ELECTRICAL CONTRACTOR
SERVICES LTD (REGISTERED NUMBER: 09882778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S M Pursley
Balance outstanding at start of year 9,682 9,499
Amounts advanced 68,349 74,236
Amounts repaid (68,424 ) (74,053 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,607 9,682

10. RELATED PARTY DISCLOSURES

During the year the company loaned £259 (2022: £13)to Nationwide Properties (Yorkshire) Ltd, a company controlled by S Pursley & S Smith who are common shareholders. at the year end £20,466 (2022: £20,207) was outstanding.

NATIONWIDE ELECTRICAL CONTRACTOR
SERVICES LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
NATIONWIDE ELECTRICAL CONTRACTOR
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.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


15 February 2024