About Access Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04117369 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2021

for

About Access Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P A Streets

Mr I Streets

SECRETARY:

Mr I Streets

REGISTERED OFFICE:

63 Wilson Street

Anlaby

Hull

HU10 7AJ

REGISTERED NUMBER:

04117369 (England and Wales)

ACCOUNTANTS:

360 Accountants Limited

18-19 Albion Street

Hull

East Yorkshire

HU1 3TG

BANKERS:

HSBC Bank Plc

Merit House

Priory Park West

Saxon Way

Hessle

East Yorkshire

HU13 9PB

FIXED ASSETS

Tangible assets

4

16,854

13,391

CURRENT ASSETS

Stocks

858

-

Debtors

16,993

13,428

Cash at bank

8,614

6,344

26,465

19,772

CREDITORS

Amounts falling due within one year

22,265

20,347

NET CURRENT ASSETS/(LIABILITIES)

4,200

(575

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,054

12,816

CREDITORS

Amounts falling due after more than one year

5,655

9,542

NET ASSETS

15,399

3,274

CAPITAL AND RESERVES

Called up share capital

6

1,000

1,000

Retained earnings

14,399

2,274

SHAREHOLDERS' FUNDS

15,399

3,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2022 and were signed on its behalf by:

Mr I Streets - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover represents net invoiced provisions of services and goods, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2021

44,405

Additions

15,057

Disposals

(17,050

)

At 31 December 2021

42,412

DEPRECIATION

At 1 January 2021

31,014

Charge for year

6,266

Eliminated on disposal

(11,722

)

At 31 December 2021

25,558

NET BOOK VALUE

At 31 December 2021

16,854

At 31 December 2020

13,391

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 January 2021

17,050

Additions

14,349

Disposals

(17,050

)

At 31 December 2021

14,349

DEPRECIATION

At 1 January 2021

8,170

Charge for year

4,150

Eliminated on disposal

(11,722

)

At 31 December 2021

598

NET BOOK VALUE

At 31 December 2021

13,751

At 31 December 2020

8,880

5.	SECURED DEBTS

The following secured debts are included within creditors:

31/12/21

31/12/20

£

£

Hire purchase contracts

9,983

10,432

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/21

31/12/20

value:

£

£

1,000

Ordinary

£1

1,000

1,000

7.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors the ultimate controlling party was Mr I Streets.