Company Registration No. 05121501 (England and Wales)
The Office Works (Nationwide) Limited
Unaudited accounts
for the year ended 31 May 2019
The Office Works (Nationwide) Limited
Unaudited accounts
Contents
The Office Works (Nationwide) Limited
Company Information
for the year ended 31 May 2019
Company Number
05121501 (England and Wales)
Registered Office
The Wheelhouse
Loudwater Lane
Rickmansworth
Hertfordshire
WD3 4AP
Accountants
Ronald Yep & Co Limited
Suite 2 Floor 2 Congress House
14 Lyon road
Harrow
Middlesex
HA1 2EN
The Office Works (Nationwide) Limited
Statement of financial position
as at
31 May 2019
Tangible assets
11,189
9,826
Cash at bank and in hand
622,428
506,206
Creditors: amounts falling due within one year
(397,370)
(324,362)
Net current assets
645,384
550,796
Net assets
656,573
560,622
Called up share capital
100
100
Profit and loss account
656,473
560,522
Shareholders' funds
656,573
560,622
For the year ending 31 May 2019 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.
Approved by the Board on 21 January 2020.
Andrew Hudson
Director
Company Registration No. 05121501
The Office Works (Nationwide) Limited
Notes to the Accounts
for the year ended 31 May 2019
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.
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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
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2018
26,550
10,500
37,050
At 31 May 2019
31,643
10,500
42,143
At 1 June 2018
17,765
9,459
27,224
Charge for the year
3,470
260
3,730
At 31 May 2019
21,235
9,719
30,954
At 31 May 2019
10,408
781
11,189
At 31 May 2018
8,785
1,041
9,826
The Office Works (Nationwide) Limited
Notes to the Accounts
for the year ended 31 May 2019
Trade debtors
321,533
295,907
Accrued income and prepayments
211
115
Other debtors
98,582
72,930
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Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
5,188
2,487
Trade creditors
228,020
209,431
Taxes and social security
73,401
61,502
Other creditors
10,137
8,397
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Average number of employees
During the year the average number of employees was 9 (2018: 10).