Nationwide Transmission Services Limited - Accounts to registrar (filleted) - small 18.2

Nationwide Transmission Services Limited - Accounts to registrar (filleted) - small 18.2

NATIONWIDE TRANSMISSION SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 01923236 (England and Wales)















NATIONWIDE TRANSMISSION SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018





Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU








NATIONWIDE TRANSMISSION SERVICES LIMITED (REGISTERED NUMBER: 01923236)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


NATIONWIDE TRANSMISSION SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTOR: Mr P.C. Rhead



SECRETARY: Mr P.C. Rhead



REGISTERED OFFICE: Unit 8 Sprint Industrial Estate
Station Road
Four Ashes
Wolverhampton
West Midlands
WV10 7DA



REGISTERED NUMBER: 01923236 (England and Wales)



ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU



BANKERS: Barclays Bank PLC
Bilbrook branch
PO Box No. 5
Wolverhampton
WV1 1DS
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NATIONWIDE TRANSMISSION SERVICES LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and
certain other primary statements and the Report of the Director are not required to be filed with the Registrar of
Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Nationwide Transmission Services Limited for the year ended 31 March 2018 which comprise
the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the
company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Nationwide Transmission Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nationwide Transmission Services Limited and state those matters that we have agreed to state to the director of Nationwide Transmission Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nationwide Transmission Services Limited and its director for our work or for this report.

It is your duty to ensure that Nationwide Transmission Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Nationwide Transmission Services Limited. You consider that Nationwide Transmission Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Nationwide Transmission Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


13 December 2018

This page does not form part of the statutory financial statements

Page 2
NATIONWIDE TRANSMISSION SERVICES LIMITED (REGISTERED NUMBER: 01923236)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,905 2,417

CURRENT ASSETS
Stocks 73,845 54,000
Debtors 5 324,128 384,338
Cash at bank 102 280
398,075 438,618
CREDITORS
Amounts falling due within one year 6 176,098 209,174
NET CURRENT ASSETS 221,977 229,444
TOTAL ASSETS LESS CURRENT
LIABILITIES
223,882
231,861

PROVISIONS FOR LIABILITIES 443 443
NET ASSETS 223,439 231,418

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 223,339 231,318
SHAREHOLDERS' FUNDS 223,439 231,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 3 continued...
NATIONWIDE TRANSMISSION SERVICES LIMITED (REGISTERED NUMBER: 01923236)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 13 December 2018 and were signed by:





Mr P.C. Rhead - Director


The notes form part of these financial statements

Page 4
NATIONWIDE TRANSMISSION SERVICES LIMITED (REGISTERED NUMBER: 01923236)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

Nationwide Transmission Services 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net sales of goods/services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

Page 5 continued...
NATIONWIDE TRANSMISSION SERVICES LIMITED (REGISTERED NUMBER: 01923236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2017
and 31 March 2018 2,648 2,926 5,574
DEPRECIATION
At 1 April 2017 1,160 1,997 3,157
Charge for year 373 139 512
At 31 March 2018 1,533 2,136 3,669
NET BOOK VALUE
At 31 March 2018 1,115 790 1,905
At 31 March 2017 1,488 929 2,417

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts owed by group undertakings 321,937 383,643
Other debtors 2,191 695
324,128 384,338

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors - 74,960
Amounts owed to group undertakings 157,972 99,571
Taxation and social security 6,585 6,313
Other creditors 11,541 28,330
176,098 209,174

Page 6 continued...
NATIONWIDE TRANSMISSION SERVICES LIMITED (REGISTERED NUMBER: 01923236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


7. RELATED PARTY DISCLOSURES

During the year, the company undertook various transactions with companies under the control of Mr. P. C.
Rhead. The balances owing from or to these related companies were as follows:

2018 2017
£ £
Owing to Nationwide Transmission Services Limited

Exchange Transmissions Limited 321,893 321,893
Truck and Bus Services Limited - 61,706
Commercial Parts Supplies Limited 44 44

Owed by Nationwide Transmission Services Limited

New Dawn Financial Services Limited 96,291 99,571
Truck and Bus Services Limited 61,681 -

8. CONTROL

Control of the company is exercised by Mr. P. C. Rhead, by virtue of his shareholdings.

Page 7