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Company Registration No. 05446457 (England and Wales)
Accounting Works (2005) Limited Unaudited accounts for the year ended 31 July 2023
Accounting Works (2005) Limited Unaudited accounts Contents
Page
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Accounting Works (2005) Limited Company Information for the year ended 31 July 2023
Director
Mr Mark Dreifuss
Company Number
05446457 (England and Wales)
Registered Office
Suite 1 116 Ballards Lane Finchley London N3 2DN United Kingdom
Accountants
Pearl Accounting Limited Suite 1 116 Ballards Lane Finchley London N3 2DN
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Accounting Works (2005) Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,095 
3,577 
Current assets
Debtors
23,623 
20,315 
Cash at bank and in hand
8,397 
8,372 
32,020 
28,687 
Creditors: amounts falling due within one year
(31,663)
(26,536)
Net current assets
357 
2,151 
Net assets
3,452 
5,728 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,352 
5,628 
Shareholders' funds
3,452 
5,728 
For the year ending 31 July 2023 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 30 April 2024 and were signed on its behalf by
Mr Mark Dreifuss Director Company Registration No. 05446457
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Accounting Works (2005) Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Accounting Works (2005) Limited is a private company, limited by shares, registered in England and Wales, registration number 05446457. The registered office is Suite 1, 116 Ballards Lane, Finchley, London, N3 2DN, United Kingdom.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Written Down Value
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2022
19,656 
At 31 July 2023
19,656 
Amortisation
At 1 August 2022
19,656 
At 31 July 2023
19,656 
Net book value
At 31 July 2023
- 
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Accounting Works (2005) Limited Notes to the Accounts for the year ended 31 July 2023
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
17,581 
At 31 July 2023
17,581 
Depreciation
At 1 August 2022
14,004 
Charge for the year
482 
At 31 July 2023
14,486 
Net book value
At 31 July 2023
3,095 
At 31 July 2022
3,577 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
791 
228 
Other debtors
22,832 
20,087 
23,623 
20,315 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
150 
- 
Taxes and social security
3,369 
1,735 
Loans from directors
28,144 
24,801 
31,663 
26,536 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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