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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
Page
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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
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The Office Works (Nationwide) Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,590 
17,529 
Current assets
Debtors
492,378 
454,759 
Cash at bank and in hand
664,164 
687,797 
1,156,542 
1,142,556 
Creditors: amounts falling due within one year
(438,679)
(413,270)
Net current assets
717,863 
729,286 
Net assets
749,453 
746,815 
Capital and reserves
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
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The Office Works (Nationwide) Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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.
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
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.
Pension 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.
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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 
Depreciation
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 
Net book value
At 31 May 2024
8,640 
186 
22,764 
31,590 
At 31 May 2023
8,860 
248 
8,421 
17,529 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
482,762 
454,006 
Accrued income and prepayments
1,662 
- 
Other debtors
7,954 
753 
492,378 
454,759 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
50,193 
VAT
45,296 
27,000 
Trade creditors
289,784 
264,034 
Taxes and social security
53,995 
58,719 
Other creditors
17,854 
3,173 
Accruals
31,750 
10,151 
438,679 
413,270 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
95 Ordinary shares of £1 each
95 
95 
5 A Ordinary Shares of £1 each
5 
5 
100 
100 
8
Average number of employees
During the year the average number of employees was 12 (2023: 12).
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