1 December 2022 false No description of principal activity Taxfiler 2024.5 09891301business:PrivateLimitedCompanyLtd2022-12-012023-11-30 098913012022-11-30 098913012022-12-012023-11-30 09891301business:AuditExempt-NoAccountantsReport2022-12-012023-11-30 09891301business:FilletedAccounts2022-12-012023-11-30 098913012023-11-30 09891301business:Director12022-12-012023-11-30 09891301business:RegisteredOffice2022-12-012023-11-30 098913012022-11-30 09891301core:WithinOneYear2023-11-30 09891301core:WithinOneYear2022-11-30 09891301core:AfterOneYear2023-11-30 09891301core:AfterOneYear2022-11-30 09891301core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 09891301core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 09891301core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 09891301core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 09891301core:PreviouslyStatedAmount2023-11-30 09891301core:PreviouslyStatedAmount2022-11-30 09891301business:SmallEntities2022-12-012023-11-30 09891301countries:EnglandWales2022-12-012023-11-30 09891301core:MotorVehicles2022-12-012023-11-30 09891301core:ComputerEquipment2022-12-012023-11-30 09891301core:MotorVehicles2022-11-30 09891301core:ComputerEquipment2022-11-30 09891301core:MotorVehicles2023-11-30 09891301core:ComputerEquipment2023-11-30 098913012021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 09891301 (England and Wales)
Nationwide Accident Hire Limited Unaudited accounts for the year ended 30 November 2023
Nationwide Accident Hire Limited Unaudited accounts Contents
Page
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Nationwide Accident Hire Limited Company Information for the year ended 30 November 2023
Director
Chris Sharples
Company Number
09891301 (England and Wales)
Registered Office
109 EASTHAM VILLAGE ROAD EASTHAM WIRRAL CH62 0AF UNITED KINGDOM
Accountants
KLAS ACCOUNTANTS LTD Eastham Hall 109, Eastham Village Road Eastham Wirral CH62 0AF
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Nationwide Accident Hire Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
502,330 
285,279 
Current assets
Inventories
818,601 
578,163 
Debtors
345,220 
258,166 
Cash at bank and in hand
157,723 
65,306 
1,321,544 
901,635 
Creditors: amounts falling due within one year
(1,007,245)
(618,156)
Net current assets
314,299 
283,479 
Total assets less current liabilities
816,629 
568,758 
Creditors: amounts falling due after more than one year
(136,105)
(36,681)
Provisions for liabilities
Other provisions
(143,800)
(143,800)
Net assets
536,724 
388,277 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
536,624 
388,177 
Shareholders' funds
536,724 
388,277 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 January 2024 and were signed on its behalf by
Chris Sharples Director Company Registration No. 09891301
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Nationwide Accident Hire Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Nationwide Accident Hire Limited is a private company, limited by shares, registered in England and Wales, registration number 09891301. The registered office is 109 EASTHAM VILLAGE ROAD, EASTHAM, WIRRAL, CH62 0AF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
15% Straight Line
Computer equipment
15% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Nationwide Accident Hire Limited Notes to the Accounts for the year ended 30 November 2023
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
332,066 
58,682 
390,748 
Additions
393,326 
19,525 
412,851 
Disposals
(150,792)
- 
(150,792)
At 30 November 2023
574,600 
78,207 
652,807 
Depreciation
At 1 December 2022
90,638 
14,831 
105,469 
Charge for the year
106,829 
6,813 
113,642 
On disposals
(68,634)
- 
(68,634)
At 30 November 2023
128,833 
21,644 
150,477 
Net book value
At 30 November 2023
445,767 
56,563 
502,330 
At 30 November 2022
241,428 
43,851 
285,279 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
142,013 
62,039 
Amounts due from group undertakings etc.
190,597 
196,127 
Other debtors
12,610 
- 
345,220 
258,166 
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Nationwide Accident Hire Limited Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,986 
- 
VAT
100,714 
41,127 
Obligations under finance leases and hire purchase contracts
45,999 
34,345 
Trade creditors
475,674 
209,604 
Amounts owed to group undertakings and other participating interests
80,880 
- 
Taxes and social security
285,841 
327,629 
Other creditors
1,982 
1,516 
Loans from directors
8 
85 
Accruals
9,161 
3,850 
1,007,245 
618,156 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,959 
36,681 
Obligations under finance leases and hire purchase contracts
115,146 
- 
136,105 
36,681 
8
Average number of employees
During the year the average number of employees was 12 (2022: 12).
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