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Company Registration No. 11502531 (England and Wales)
Nationwide Pallet Racking Services Ltd Unaudited accounts for the year ended 31 July 2023
Nationwide Pallet Racking Services Ltd Unaudited accounts Contents
Page
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Nationwide Pallet Racking Services Ltd Company Information for the year ended 31 July 2023
Director
Christopher Anthony Sait
Company Number
11502531 (England and Wales)
Registered Office
32 BACK STREET TITTLESHALL KING'S LYNN NORFOLK PE32 2PW UNITED KINGDOM
Accountants
The Profit Hero Ltd 37 Bull Street Holt Norfolk NR25 6HP
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Nationwide Pallet Racking Services Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,970 
7,340 
Current assets
Debtors
91,686 
7,514 
Cash at bank and in hand
- 
10,251 
91,686 
17,765 
Creditors: amounts falling due within one year
(56,672)
(18,487)
Net current assets/(liabilities)
35,014 
(722)
Net assets
55,984 
6,618 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
55,983 
6,617 
Shareholders' funds
55,984 
6,618 
For the year ending 31 July 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 2 April 2025 and were signed on its behalf by
Christopher Anthony Sait Director Company Registration No. 11502531
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Nationwide Pallet Racking Services Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Nationwide Pallet Racking Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 11502531. The registered office is 32 BACK STREET, TITTLESHALL, KING'S LYNN, NORFOLK, PE32 2PW, 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:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
20% Straight Line
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2022
1,739 
- 
359 
8,234 
10,332 
Additions
3,147 
15,700 
- 
- 
18,847 
Disposals
- 
- 
(312)
- 
(312)
At 31 July 2023
4,886 
15,700 
47 
8,234 
28,867 
Depreciation
At 1 August 2022
324 
- 
47 
2,621 
2,992 
Charge for the year
795 
3,598 
- 
512 
4,905 
At 31 July 2023
1,119 
3,598 
47 
3,133 
7,897 
Net book value
At 31 July 2023
3,767 
12,102 
- 
5,101 
20,970 
At 31 July 2022
1,415 
- 
312 
5,613 
7,340 
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Nationwide Pallet Racking Services Ltd Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,841 
7,514 
Other debtors
81,845 
- 
91,686 
7,514 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
(5,983)
- 
VAT
- 
12,372 
Trade creditors
27,202 
32,971 
Taxes and social security
34,091 
1,937 
Other creditors
1,362 
6,547 
Loans from directors
- 
(35,340)
56,672 
18,487 
7
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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