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
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
Nationwide Pallet Racking Services Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
20,970
7,340
Cash at bank and in hand
-
10,251
Creditors: amounts falling due within one year
(56,672)
(18,487)
Net current assets/(liabilities)
35,014
(722)
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
Nationwide Pallet Racking Services Ltd
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 July 2023
3,767
12,102
-
5,101
20,970
At 31 July 2022
1,415
-
312
5,613
7,340
Nationwide Pallet Racking Services Ltd
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
(5,983)
-
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)
7
Average number of employees
During the year the average number of employees was 8 (2022: 8).