IRIS Accounts Production v24.3.2.46 06949870 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069498702023-12-31069498702024-12-31069498702024-01-012024-12-31069498702022-12-31069498702023-01-012023-12-31069498702023-12-3106949870ns15:EnglandWales2024-01-012024-12-3106949870ns14:PoundSterling2024-01-012024-12-3106949870ns10:Director12024-01-012024-12-3106949870ns10:Director22024-01-012024-12-3106949870ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3106949870ns10:SmallEntities2024-01-012024-12-3106949870ns10:AuditExemptWithAccountantsReport2024-01-012024-12-3106949870ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3106949870ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3106949870ns10:AbridgedAccounts2024-01-012024-12-3106949870ns10:OrdinaryShareClass12024-01-012024-12-3106949870ns10:OrdinaryShareClass22024-01-012024-12-3106949870ns10:OrdinaryShareClass32024-01-012024-12-3106949870ns10:RegisteredOffice2024-01-012024-12-3106949870ns5:CurrentFinancialInstruments2024-12-3106949870ns5:CurrentFinancialInstruments2023-12-3106949870ns5:ShareCapital2024-12-3106949870ns5:ShareCapital2023-12-3106949870ns5:CapitalRedemptionReserve2024-12-3106949870ns5:CapitalRedemptionReserve2023-12-3106949870ns5:RetainedEarningsAccumulatedLosses2024-12-3106949870ns5:RetainedEarningsAccumulatedLosses2023-12-3106949870ns5:PlantMachinery2024-01-012024-12-3106949870ns10:OrdinaryShareClass12024-12-3106949870ns10:OrdinaryShareClass12023-01-012023-12-3106949870ns10:OrdinaryShareClass22024-12-3106949870ns10:OrdinaryShareClass22023-01-012023-12-3106949870ns10:OrdinaryShareClass32024-12-3106949870ns10:OrdinaryShareClass32023-01-012023-12-31
REGISTERED NUMBER: 06949870 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st December 2024

for

Nationwide Trailer Parts Ltd

Nationwide Trailer Parts Ltd (Registered number: 06949870)






Contents of the Financial Statements
for the year ended 31st December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Nationwide Trailer Parts Ltd

Company Information
for the year ended 31st December 2024







DIRECTORS: M J Hall
M J Stephenson



REGISTERED OFFICE: Unit 7 Ash Way
Thorp Arch Estate
Wetherby
LS23 7FA



REGISTERED NUMBER: 06949870 (England and Wales)



ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: HSBC
3 - 4 Jameson Street
Hull
HU1 3JX

Nationwide Trailer Parts Ltd (Registered number: 06949870)

Abridged Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 138,121 155,670

CURRENT ASSETS
Stocks 745,790 728,263
Debtors 750,349 701,994
Cash at bank 83,791 301,218
1,579,930 1,731,475
CREDITORS
Amounts falling due within one year 983,066 1,184,060
NET CURRENT ASSETS 596,864 547,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

734,985

703,085

PROVISIONS FOR LIABILITIES 28,978 32,965
NET ASSETS 706,007 670,120

CAPITAL AND RESERVES
Called up share capital 5 198 198
Capital redemption reserve 2 2
Retained earnings 705,807 669,920
SHAREHOLDERS' FUNDS 706,007 670,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Trailer Parts Ltd (Registered number: 06949870)

Abridged Balance Sheet - continued
31st December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 8th April 2025 and were signed on its behalf by:




M J Hall - Director



M J Stephenson - Director


Nationwide Trailer Parts Ltd (Registered number: 06949870)

Notes to the Financial Statements
for the year ended 31st December 2024

1. STATUTORY INFORMATION

Nationwide Trailer Parts Ltd 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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance, 20% on reducing balance and 10% 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.

Hire purchase and leasing commitments
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.

Nationwide Trailer Parts Ltd (Registered number: 06949870)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2024 244,231
Additions 26,785
Disposals (18,700 )
At 31st December 2024 252,316
DEPRECIATION
At 1st January 2024 88,561
Charge for year 30,209
Eliminated on disposal (4,575 )
At 31st December 2024 114,195
NET BOOK VALUE
At 31st December 2024 138,121
At 31st December 2023 155,670

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
146 Ordinary A £1 146 146
50 Ordinary B £1 50 50
2 Ordinary C £1 2 2
198 198

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Nationwide Trailer Parts Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nationwide Trailer Parts Ltd for the year ended 31st December 2024 which comprise the Income Statement, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Nationwide Trailer Parts Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nationwide Trailer Parts Ltd and state those matters that we have agreed to state to the Board of Directors of Nationwide Trailer Parts Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Nationwide Trailer Parts Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nationwide Trailer Parts Ltd. You consider that Nationwide Trailer Parts Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Nationwide Trailer Parts Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


8th April 2025