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Company Registration No. 05464667 (England and Wales)
NATIONWIDE VEHICLE SOLUTIONS LIMITED Unaudited accounts for the year ended 31 May 2024
NATIONWIDE VEHICLE SOLUTIONS LIMITED Unaudited accounts Contents
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NATIONWIDE VEHICLE SOLUTIONS LIMITED Company Information for the year ended 31 May 2024
Directors
Nigel Wright Lynne Wright
Secretary
Lynne Wright
Company Number
05464667 (England and Wales)
Registered Office
29 PINEWOODS AVENUE HAGLEY STOURBRIDGE DY9 0JF ENGLAND
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NATIONWIDE VEHICLE SOLUTIONS LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
118,050 
100,940 
Debtors
12,189 
5,660 
Cash at bank and in hand
32,492 
34,113 
162,731 
140,713 
Creditors: amounts falling due within one year
(52,460)
(44,361)
Net current assets
110,271 
96,352 
Total assets less current liabilities
110,271 
96,352 
Creditors: amounts falling due after more than one year
(12,117)
(22,140)
Net assets
98,154 
74,212 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
98,054 
74,112 
Shareholders' funds
98,154 
74,212 
For the year ending 31 May 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by
Nigel Wright Director Company Registration No. 05464667
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NATIONWIDE VEHICLE SOLUTIONS LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
NATIONWIDE VEHICLE SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05464667. The registered office is 29 PINEWOODS AVENUE, HAGLEY, STOURBRIDGE, DY9 0JF, ENGLAND.
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:
Computer equipment
33% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
4,494 
At 31 May 2024
4,494 
Depreciation
At 1 June 2023
4,494 
At 31 May 2024
4,494 
Net book value
At 31 May 2024
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,639 
5,660 
Accrued income and prepayments
550 
- 
12,189 
5,660 
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NATIONWIDE VEHICLE SOLUTIONS LIMITED Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,500 
9,500 
VAT
4,060 
9,497 
Trade creditors
26,393 
11,420 
Taxes and social security
3,935 
(168)
Other creditors
1,754 
- 
Loans from directors
6,818 
14,112 
52,460 
44,361 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,117 
22,140 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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