NATIONWIDE FLEET LTD

Company Registration Number:
07463958 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

NATIONWIDE FLEET LTD

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Notes

NATIONWIDE FLEET LTD

Balance sheet

As at 31 October 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 6,986,373 8,390,874
Total fixed assets: 6,986,373 8,390,874
Current assets
Stocks: 120,351 40,200
Debtors: 4 3,091,493 3,086,906
Cash at bank and in hand: 63,023 0
Total current assets: 3,274,867 3,127,106
Creditors: amounts falling due within one year: 5 (3,210,775) (2,470,422)
Net current assets (liabilities): 64,092 656,684
Total assets less current liabilities: 7,050,465 9,047,558
Creditors: amounts falling due after more than one year: 6 (4,978,319) (7,138,174)
Total net assets (liabilities): 2,072,146 1,909,384
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 2,072,145 1,909,383
Shareholders funds: 2,072,146 1,909,384

The notes form part of these financial statements

NATIONWIDE FLEET LTD

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption 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 directors acknowledge their 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 this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 July 2025
and signed on behalf of the board by:

Name: Glenn Rust
Status: Director

The notes form part of these financial statements

NATIONWIDE FLEET LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NATIONWIDE FLEET LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

2. Employees

2024 2023
Average number of employees during the period 14 12

NATIONWIDE FLEET LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible Assets

Total
Cost £
At 01 November 2023 10,833,417
Additions 1,279,400
Disposals (1,701,878)
At 31 October 2024 10,410,939
Depreciation
At 01 November 2023 2,442,543
Charge for year 1,910,607
On disposals (928,584)
At 31 October 2024 3,424,566
Net book value
At 31 October 2024 6,986,373
At 31 October 2023 8,390,874

NATIONWIDE FLEET LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 735,361 735,361

NATIONWIDE FLEET LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Creditors: amounts falling due within one year note

2024 2023 Bank loans and overdrafts 35487 64055 Trade Creditors 1033669 726803 Corporation tax 1128 25676 Other taxation & social security 234882 0 Other creditors 1905609 1653888 TOTAL 3210775 2470422

NATIONWIDE FLEET LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

6. Creditors: amounts falling due after more than one year note

2024 2023 Other creditors 4978319 7138174

NATIONWIDE FLEET LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

7. Changes in presentation and prior period adjustments

Prior year adjustment In the October 2024 accounts, an accountant's adjustment was made to the year ended October 2023 in respect of vehicles purchased during the Covid period. Under ICAEW and IAS accounting standards, a downwards re-valuation of assets is termed "impairment". Furthermore, immediate recognition of the impairment value is required. The impairment value charged to the profit and loss account for 2023 was £220,213 in respect of the value of motor vehicles owned as of 31 October 2023.