1 June 2016 false No description of principal activity Taxfiler 2017.34.Web 05464667business:PrivateLimitedCompanyLtd2016-06-012017-05-31 054646672016-05-31 054646672016-06-012017-05-31 05464667business:AuditExemptWithAccountantsReport2016-06-012017-05-31 05464667business:FullAccounts2016-06-012017-05-31 054646672017-05-31 05464667business:Director12016-06-012017-05-31 05464667business:Director22016-06-012017-05-31 05464667business:CompanySecretary12016-06-012017-05-31 05464667business:RegisteredOffice2016-06-012017-05-31 054646672016-05-31 05464667core:WithinOneYear2017-05-31 05464667core:WithinOneYear2016-05-31 05464667core:AfterOneYear2017-05-31 05464667core:AfterOneYear2016-05-31 05464667core:ShareCapital2017-05-31 05464667core:ShareCapital2016-05-31 05464667core:RetainedEarningsAccumulatedLosses2017-05-31 05464667core:RetainedEarningsAccumulatedLosses2016-05-31 05464667business:SmallEntities2016-06-012017-05-31 05464667countries:EnglandWales2016-06-012017-05-31 05464667core:PlantMachinery2016-06-012017-05-31 05464667core:ComputerEquipment2016-06-012017-05-31 05464667core:PlantMachinery2016-05-31 05464667core:ComputerEquipment2016-05-31 05464667core:PlantMachinery2017-05-31 05464667core:ComputerEquipment2017-05-31 054646672015-06-012016-05-31 iso4217:GBP xbrli:pure
Company Registration No. 05464667 (England and Wales)
NATIONWIDE VEHICLE SOLUTIONS LIMITED Unaudited accounts for the year ended 31 May 2017
NATIONWIDE VEHICLE SOLUTIONS LIMITED Unaudited accounts Contents
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NATIONWIDE VEHICLE SOLUTIONS LIMITED Company Information for the year ended 31 May 2017
Directors
Nigel Wright Lynne Wright
Secretary
Lynne Wright
Company Number
05464667 (England and Wales)
Registered Office
8 SHOBNALL ROAD BURTON-ON-TRENT STAFFORDSHIRE DE14 2BA
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NATIONWIDE VEHICLE SOLUTIONS LIMITED Statement of financial position as at 31 May 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,120 
629 
Current assets
Inventories
106,306 
86,306 
Debtors
8,200 
15,543 
Cash at bank and in hand
11,472 
94 
125,978 
101,943 
Creditors: amounts falling due within one year
(90,909)
(86,261)
Net current assets
35,069 
15,682 
Total assets less current liabilities
37,189 
16,311 
Creditors: amounts falling due after more than one year
- 
(483)
Provisions for liabilities
Deferred tax
(402)
(102)
Net assets
36,787 
15,726 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
36,687 
15,626 
Shareholders' funds
36,787 
15,726 
For the year ending 31 May 2017 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 October 2017.
Nigel Wright Director Company Registration No. 05464667
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NATIONWIDE VEHICLE SOLUTIONS LIMITED Notes to the Accounts for the year ended 31 May 2017
1
Statutory information
NATIONWIDE VEHICLE SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05464667. The registered office and principal place of business is 8 SHOBNALL ROAD, BURTON-ON-TRENT, STAFFORDSHIRE, DE14 2BA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 May 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Computer equipment
33% reducing balance
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NATIONWIDE VEHICLE SOLUTIONS LIMITED Notes to the Accounts for the year ended 31 May 2017
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2016
- 
4,493 
4,493 
Additions
2,000 
- 
2,000 
At 31 May 2017
2,000 
4,493 
6,493 
Depreciation
At 1 June 2016
- 
3,864 
3,864 
Charge for the year
300 
209 
509 
At 31 May 2017
300 
4,073 
4,373 
Net book value
At 31 May 2017
1,700 
420 
2,120 
At 31 May 2016
- 
629 
629 
5
Inventories
2017 
2016 
£ 
£ 
Finished goods
106,306 
86,306 
106,306 
86,306 
6
Debtors
2017 
2016 
£ 
£ 
Trade debtors
8,200 
15,543 
7
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Bank loans and overdrafts
44,665 
51,013 
Trade creditors
14,534 
3,652 
Taxes and social security
10,308 
4,975 
Loans from directors
19,102 
26,621 
Accruals
2,300 
- 
90,909 
86,261 
8
Creditors: amounts falling due after more than one year
2017 
2016 
£ 
£ 
Bank loans
- 
483 
9
Average number of employees
During the year the average number of employees was 2 (2016: 2).
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