REGISTERED NUMBER: 02527523 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NATIONWIDE INDEPENDENT BODYSHOP

SUPPLIERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Cunnington

M D J Oslar

M J Cunnington

REGISTERED OFFICE:

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

REGISTERED NUMBER:

02527523 (England and Wales)

AUDITORS:

Luckmans Duckett Parker Limited

Chartered Accountants

Statutory Auditors

1110 Elliott Court

Herald Avenue

Coventry Business Park

Coventry

West Midlands

CV5 6UB

CURRENT ASSETS

Debtors

5

153,500

196,916

Cash at bank

423,826

507,802

577,326

704,718

CREDITORS

Amounts falling due within one year

6

232,481

204,293

NET CURRENT ASSETS

344,845

500,425

TOTAL ASSETS LESS CURRENT LIABILITIES

344,845

500,425

RESERVES

Capital Reserve

497

497

Income and expenditure account

344,348

499,928

344,845

500,425

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 30 September 2025 and were signed on its behalf by:

M D J Oslar - Director

1.	STATUTORY INFORMATION

Nationwide Independent Bodyshop Suppliers Limited is a private company, limited by guarantee , 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

Sale of group products is measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Marketing support revenue is recognised on the accruals basis and is made up of revenue received from industry suppliers and revenue calculated as a percentage of member rebates received, excluding discounts, rebates, value added tax and other sales taxes.

Subscriptions received is a membership charge to the members recognised on the accruals basis, excluding discounts, rebates, value added tax and other sales taxes.

Write back of control accounts refers to historical obligations of the membership organisation that have expired.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

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 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

22,375

DEPRECIATION

At 1 January 2024

and 31 December 2024

22,375

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

145,025

195,004

Other debtors

6,794

-

Prepayments

1,681

1,912

153,500

196,916

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

220,293

185,838

Social security and other taxes

690

4,420

Accrued expenses

11,498

14,035

232,481

204,293

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Spafford FCA FCCA (Senior Statutory Auditor)

for and on behalf of Luckmans Duckett Parker Limited

8.	RELATED PARTY DISCLOSURES

During the year the company paid management charges to the members of £71,440 (2023: £46,440)