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REGISTERED NUMBER: 06709074 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

NATIONWIDE ELECTRICAL INSTALLATIONS LTD

NATIONWIDE ELECTRICAL INSTALLATIONS LTD (REGISTERED NUMBER: 06709074)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


NATIONWIDE ELECTRICAL INSTALLATIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: Mr Jonathan David Robert Samrai
Mr Lee Barry Hewings



SECRETARY: Mr Jonathan David Robert Samrai



REGISTERED OFFICE: Europa Building
35a Arthur Drive
Hoo Farm Industrial Estate
Kidderminster
Worcestershire
DY11 7RA



REGISTERED NUMBER: 06709074 (England and Wales)



ACCOUNTANTS: R Pau & Co Limited
Chartered Certified Accountants
12-16 Station Street East
Coventry
West Midlands
CV6 5FJ



BANKERS: Lloyds TSB
Birmingham Osc
Ariel House
Birmingham
B26 3JW

NATIONWIDE ELECTRICAL INSTALLATIONS LTD (REGISTERED NUMBER: 06709074)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,027 198,344

CURRENT ASSETS
Stocks - 2,054
Debtors 22,149 198,953
Cash at bank 357,365 229,888
379,514 430,895
CREDITORS
Amounts falling due within one year 14,281 193,358
NET CURRENT ASSETS 365,233 237,537
TOTAL ASSETS LESS CURRENT
LIABILITIES

481,260

435,881

CREDITORS
Amounts falling due after more than one
year

-

(12,791

)

PROVISIONS FOR LIABILITIES (5,268 ) (5,973 )
NET ASSETS 475,992 417,117

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 475,888 417,013
475,992 417,117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 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 INSTALLATIONS LTD (REGISTERED NUMBER: 06709074)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
30TH SEPTEMBER 2024


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 30th September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28th November 2024 and were signed on its behalf by:




Mr Jonathan David Robert Samrai - Director



Mr Lee Barry Hewings - Director


NATIONWIDE ELECTRICAL INSTALLATIONS LTD (REGISTERED NUMBER: 06709074)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

Nationwide Electrical Installations 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 INSTALLATIONS LTD (REGISTERED NUMBER: 06709074)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


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 NIL (2023 - 2 ).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2023 283,937
Additions 938
Disposals (98,684 )
At 30th September 2024 186,191
DEPRECIATION
At 1st October 2023 85,593
Charge for year 9,242
Eliminated on disposal (24,671 )
At 30th September 2024 70,164
NET BOOK VALUE
At 30th September 2024 116,027
At 30th September 2023 198,344

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st October 2023 96,459
Disposals (96,459 )
At 30th September 2024 -
DEPRECIATION
At 1st October 2023 24,115
Eliminated on disposal (24,115 )
At 30th September 2024 -
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 72,344