Company Registration No. 05121501 (England and Wales)
The Office Works (Nationwide) Limited
Unaudited accounts
for the year ended 31 May 2024
The Office Works (Nationwide) Limited
Unaudited accounts
Contents
The Office Works (Nationwide) Limited
Company Information
for the year ended 31 May 2024
Directors
Andrew Hudson
Caroline Hudson
Company Number
05121501 (England and Wales)
Registered Office
The Wheelhouse
Loudwater Lane
Rickmansworth
Hertfordshire
WD3 4AP
Accountants
Evolve Accounting and Tax Solutions Ltd
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
The Office Works (Nationwide) Limited
Statement of financial position
as at 31 May 2024
Tangible assets
31,590
17,529
Cash at bank and in hand
664,164
687,797
Creditors: amounts falling due within one year
(438,679)
(413,270)
Net current assets
717,863
729,286
Net assets
749,453
746,815
Called up share capital
100
100
Profit and loss account
749,353
746,715
Shareholders' funds
749,453
746,815
For the year ending 31 May 2024 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.
The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2025 and were signed on its behalf by
Andrew Hudson
Director
Company Registration No. 05121501
The Office Works (Nationwide) Limited
Notes to the Accounts
for the year ended 31 May 2024
The Office Works (Nationwide) Limited is a private company, limited by shares, registered in England and Wales, registration number 05121501. The registered office is The Wheelhouse, Loudwater Lane, Rickmansworth, Hertfordshire, WD3 4AP.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The Office Works (Nationwide) Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
42,553
10,500
14,970
68,023
Additions
2,280
-
18,312
20,592
At 31 May 2024
44,833
10,500
33,282
88,615
At 1 June 2023
33,693
10,252
6,549
50,494
Charge for the year
2,500
62
3,969
6,531
At 31 May 2024
36,193
10,314
10,518
57,025
At 31 May 2024
8,640
186
22,764
31,590
At 31 May 2023
8,860
248
8,421
17,529
Amounts falling due within one year
Trade debtors
482,762
454,006
Accrued income and prepayments
1,662
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
50,193
Trade creditors
289,784
264,034
Taxes and social security
53,995
58,719
Other creditors
17,854
3,173
Allotted, called up and fully paid:
95 Ordinary shares of £1 each
95
95
5 A Ordinary Shares of £1 each
5
5
8
Average number of employees
During the year the average number of employees was 12 (2023: 12).