Nationwide Retail Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05927319 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Nationwide Retail Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Burleigh

Mrs C E Burleigh

SECRETARY:

Mrs C E Burleigh

REGISTERED OFFICE:

Stevenson House

8 Howley Lane

Howley Lane Industrial Estate

Warrington

Cheshire

WA1 2DN

REGISTERED NUMBER:

05927319 (England and Wales)

ACCOUNTANTS:

Emmerson Accountancy Ltd

Atlantic Business Centre

Atlantic Street

Altrincham

Cheshire

WA14 5NQ

FIXED ASSETS

Tangible assets

4

53,084

44,291

CURRENT ASSETS

Debtors

5

829,261

890,654

Prepayments and accrued income

10,368

7,216

Cash at bank

-

2

839,629

897,872

CREDITORS

Amounts falling due within one year

6

656,229

787,896

NET CURRENT ASSETS

183,400

109,976

TOTAL ASSETS LESS CURRENT
LIABILITIES

236,484

154,267

CREDITORS

Amounts falling due after more than one year

7

66,667

106,667

NET ASSETS

169,817

47,600

CAPITAL AND RESERVES

Called up share capital

8

2

Retained earnings

9

169,815

47,598

SHAREHOLDERS' FUNDS

169,817

47,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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

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 13 May 2025 and were signed on its behalf by:

D Burleigh - Director

1.	STATUTORY INFORMATION

Nationwide Retail Solutions Limited 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.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 October 2023

119,802

29,925

44,897

3,397

198,021

Additions

12,501

-

26,490

-

38,991

Disposals

(77,506

)

-

(9,992

)

-

(87,498

)

At 30 September 2024

54,797

29,925

61,395

3,397

149,514

DEPRECIATION

At 1 October 2023

93,798

23,826

33,382

2,724

153,730

Charge for year

4,326

915

7,628

168

13,037

Eliminated on disposal

(67,839

)

-

(2,498

)

-

(70,337

)

At 30 September 2024

30,285

24,741

38,512

2,892

96,430

NET BOOK VALUE

At 30 September 2024

24,512

5,184

22,883

505

53,084

At 30 September 2023

26,004

6,099

11,515

673

44,291

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

Trade Debtors

83,347

4,136

Work in progress

729,801

864,307

Other debtors

16,113

22,211

829,261

890,654

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

Bank loans and overdrafts

5,828

89,800

Other loans

-

19,431

Trade creditors

103,859

207,222

Tax

91,185

36,811

Social security and other taxes

206,393

255,215

VAT

200,443

119,011

Other creditors

44,297

54,813

Directors' current accounts

76

46

Accrued expenses

4,148

5,547

656,229

787,896

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.9.24

30.9.23

£

Other loans - 1-2 years

66,667

106,667

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

2

Ordinary

£1

2

9.

RESERVES

Retained

earnings

£

At 1 October 2023

47,598

Profit for the year

173,757

Dividends

(51,540

)

At 30 September 2024

169,815