Nationwide Smart Repairs Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03948749 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Nationwide Smart Repairs Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

S D Hill

R W Hill

M S Hill

Secretary:

B J Hill

Registered office:

85 Church Road

Hove

East Sussex

BN3 2BB

Registered number:

03948749 (England and Wales)

Accountants:

Wilson Sandford Limited

Chartered accountants

85 Church Road

Hove

East Sussex

BN3 2BB

Fixed assets

Tangible assets

4

2,554

4,190

Current assets

Stocks

201,956

232,489

Debtors

5

11,214

10,280

Cash at bank

179,994

148,624

393,164

391,393

Creditors: amounts falling due within
one year

6

45,326

39,647

Net current assets

347,838

351,746

Total assets less current liabilities

350,392

355,936

Capital and reserves

Called up share capital

7

300

Retained earnings

350,092

355,636

Shareholders' funds

350,392

355,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

M S Hill - Director

1.	Statutory information

Nationwide Smart Repairs 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.

The presentation currency of the financial statements is the Pound Sterling (£) and rounding is to the nearest (£).

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 net of VAT and trade discounts.The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.This is usually on dispatch of the goods.

Rendering of services

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Leasehold improvements - 20% straight line

Plant and equipment - 33.33% straight line

Motor vehicles - 25% reducing balance

Fixtures and fittings - 25% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Stock is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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 4 (2024 - 4 ) .

4.	Tangible fixed assets

Fixtures

Long

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

Cost

At 1 April 2024

and 31 March 2025

13,557

297

10,898

15,208

39,960

Depreciation

At 1 April 2024

13,557

214

8,567

13,432

35,770

Charge for year

-

83

1,109

444

1,636

At 31 March 2025

13,557

297

9,676

13,876

37,406

Net book value

At 31 March 2025

-

1,222

1,332

2,554

At 31 March 2024

-

83

2,331

1,776

4,190

5.

Debtors: amounts falling due within one year

2025

2024

£

Trade debtors

9,330

2,733

Other debtors

1,884

7,547

11,214

10,280

6.

Creditors: amounts falling due within one year

2025

2024

£

Trade creditors

11,917

12,199

Taxation and social security

18,786

12,824

Other creditors

14,623

14,624

45,326

39,647

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

80

Ordinary A

£1

80

100

Ordinary B

£1

100

Ordinary C

£1

100

20

Ordinary D

£1

20

300

8.	Related party disclosures

Within creditors is £10,324 (2024 - £10,324) owed to the directors.