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REGISTERED NUMBER: 05491442 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

NATIONWIDE MEMORIALS LIMITED

NATIONWIDE MEMORIALS LIMITED (REGISTERED NUMBER: 05491442)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NATIONWIDE MEMORIALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: S J Mears
T M Rutt





REGISTERED OFFICE: 409-411 Croydon Road
Beckenham
Kent
BR3 3PP





REGISTERED NUMBER: 05491442 (England and Wales)





ACCOUNTANTS: Edwards Chartered Accountants
409-411 Croydon Road
Beckenham
Kent
BR3 3PP

NATIONWIDE MEMORIALS LIMITED (REGISTERED NUMBER: 05491442)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,801 86,080

CURRENT ASSETS
Stocks 140,652 128,429
Debtors 5 447,316 390,828
Cash at bank and in hand 38,727 99,122
626,695 618,379
CREDITORS
Amounts falling due within one year 6 539,023 554,715
NET CURRENT ASSETS 87,672 63,664
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,473

149,744

CREDITORS
Amounts falling due after more than one
year

7

(108,564

)

(95,908

)

PROVISIONS FOR LIABILITIES (14,022 ) (16,355 )
NET ASSETS 38,887 37,481

CAPITAL AND RESERVES
Called up share capital 125 125
Retained earnings 38,762 37,356
SHAREHOLDERS' FUNDS 38,887 37,481

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 MEMORIALS LIMITED (REGISTERED NUMBER: 05491442)

BALANCE SHEET - continued
30 APRIL 2024


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 31 January 2025 and were signed on its behalf by:





S J Mears - Director


NATIONWIDE MEMORIALS LIMITED (REGISTERED NUMBER: 05491442)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Nationwide Memorials Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 15% on reducing balance
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 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.

NATIONWIDE MEMORIALS LIMITED (REGISTERED NUMBER: 05491442)

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

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 95,210 2,164 34,317 131,691
Additions - 938 - 938
At 30 April 2024 95,210 3,102 34,317 132,629
DEPRECIATION
At 1 May 2023 30,568 1,148 13,895 45,611
Charge for year 9,696 458 3,063 13,217
At 30 April 2024 40,264 1,606 16,958 58,828
NET BOOK VALUE
At 30 April 2024 54,946 1,496 17,359 73,801
At 30 April 2023 64,642 1,016 20,422 86,080

NATIONWIDE MEMORIALS LIMITED (REGISTERED NUMBER: 05491442)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 May 2023
and 30 April 2024 65,220
DEPRECIATION
At 1 May 2023 15,450
Charge for year 7,465
At 30 April 2024 22,915
NET BOOK VALUE
At 30 April 2024 42,305
At 30 April 2023 49,770

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 207,303 194,721
Other debtors 240,013 196,107
447,316 390,828

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,768 30,000
Hire purchase contracts 11,740 11,740
Trade creditors 444,660 475,253
Taxation and social security 62,257 33,460
Other creditors 2,598 4,262
539,023 554,715

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 86,063 61,667
Hire purchase contracts 22,501 34,241
108,564 95,908

8. TRANSACTIONS WITH DIRECTORS

During the year the company voted dividends of £10,011 to directors.

NATIONWIDE MEMORIALS LIMITED (REGISTERED NUMBER: 05491442)

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

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors, jointly.