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REGISTERED NUMBER: 07430197 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Nationwide Accountants & Tax Advisors
Ltd

Nationwide Accountants & Tax Advisors
Ltd (Registered number: 07430197)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nationwide Accountants & Tax Advisors
Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mrs S Ashraf
Muhammad I Qasim





REGISTERED OFFICE: 704 London Road
North Cheam
Sutton
Surrey
SM3 9BY





REGISTERED NUMBER: 07430197 (England and Wales)





ACCOUNTANTS: Nationwide Accountants & Tax Advisors Ltd
704
London Road,
North Cheam, Sutton.
Surrey
SM3 9BY

Nationwide Accountants & Tax Advisors
Ltd (Registered number: 07430197)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,560 2,080
Tangible assets 5 296 -
Investments 6 1,500 1,500
3,356 3,580

CURRENT ASSETS
Debtors 7 66,097 39,498
Cash at bank and in hand 102,834 101,580
168,931 141,078
CREDITORS
Amounts falling due within one year 8 101,758 82,410
NET CURRENT ASSETS 67,173 58,668
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,529

62,248

PROVISIONS FOR LIABILITIES 2,000 32,368
NET ASSETS 68,529 29,880

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 68,429 29,780
SHAREHOLDERS' FUNDS 68,529 29,880

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Accountants & Tax Advisors
Ltd (Registered number: 07430197)

Balance Sheet - continued
31 October 2024


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 12 August 2025 and were signed on its behalf by:





Mrs S Ashraf - Director


Nationwide Accountants & Tax Advisors
Ltd (Registered number: 07430197)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Nationwide Accountants & Tax Advisors 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Nationwide Accountants & Tax Advisors
Ltd (Registered number: 07430197)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023
and 31 October 2024 2,600
AMORTISATION
At 1 November 2023 520
Charge for year 520
At 31 October 2024 1,040
NET BOOK VALUE
At 31 October 2024 1,560
At 31 October 2023 2,080

Nationwide Accountants & Tax Advisors
Ltd (Registered number: 07430197)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 10,478
Additions 395
At 31 October 2024 10,873
DEPRECIATION
At 1 November 2023 10,478
Charge for year 99
At 31 October 2024 10,577
NET BOOK VALUE
At 31 October 2024 296

6. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
At 1 November 2023
and 31 October 2024 1,500
NET BOOK VALUE
At 31 October 2024 1,500
At 31 October 2023 1,500

7. DEBTORS
31.10.24 31.10.23
£    £   
Amounts falling due within one year:
Trade debtors 45,939 15,283
Other debtors 2,584 2,250
48,523 17,533

Amounts falling due after more than one year:
Other debtors 17,574 21,965

Aggregate amounts 66,097 39,498

Nationwide Accountants & Tax Advisors
Ltd (Registered number: 07430197)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,652 16,830
Trade creditors 61,405 52,155
Taxation and social security 16,445 6,945
Other creditors 13,256 6,480
101,758 82,410

9. GOING CONCERN

The Directors have prepared Financial Statements on Going Concern basis and the directors have reviewed and concluded that there are no material uncertainties which could cast any doubt over the company's ability to continue as a going concern for the next twelve months from the date of approval of these financial statements. We have evaluated the director's conclusion in relation to the company's business position and the risk that might affect the company's ability to continue its operations over the going concern period. We have nothing to report in this respect.