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Company Registration No. 11478286 (England and Wales)
NATIONWIDE CONTRACT SERVICES LIMITED Unaudited accounts for the year ended 31 July 2024
NATIONWIDE CONTRACT SERVICES LIMITED Unaudited accounts Contents
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NATIONWIDE CONTRACT SERVICES LIMITED Company Information for the year ended 31 July 2024
Director
Lauley Holloway
Company Number
11478286 (England and Wales)
Registered Office
5 Scrub Lane Benfleet Essex SS7 2JA England
Accountants
Lo Roche Business Services Ltd 5 Scrub Lane Hadleigh Benfleet SS7 2JA
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NATIONWIDE CONTRACT SERVICES LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
774,828 
415,639 
Current assets
Debtors
660,783 
785,754 
Cash at bank and in hand
196,645 
1,026 
857,428 
786,780 
Creditors: amounts falling due within one year
(740,239)
(641,431)
Net current assets
117,189 
145,349 
Net assets
892,017 
560,988 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
891,917 
560,888 
Shareholders' funds
892,017 
560,988 
For the year ending 31 July 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 4 March 2025 and were signed on its behalf by
Lauley Holloway Director Company Registration No. 11478286
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NATIONWIDE CONTRACT SERVICES LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
NATIONWIDE CONTRACT SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11478286. The registered office is 5 Scrub Lane, Benfleet, Essex, SS7 2JA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
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
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. 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.
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:
Plant & machinery
15% on reducing balance
Motor vehicles
40% on reducing balance
Computer equipment
15% on reducing balance
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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 CONTRACT SERVICES LIMITED Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 August 2023
582,716 
Additions
436,000 
At 31 July 2024
1,018,716 
Depreciation
At 1 August 2023
167,077 
Charge for the year
76,811 
At 31 July 2024
243,888 
Net book value
At 31 July 2024
774,828 
At 31 July 2023
415,639 
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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