| Access Control Direct Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Access Control Direct Limited for the year ended 31 December 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Access Control Direct Limited for the year ended 31 December 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Access Control Direct Limited, as a body, in accordance with the terms of our engagement letter dated 15 February 2011. Our work has been undertaken solely to prepare for your approval the accounts of Access Control Direct Limited and state those matters that we have agreed to state to the Board of Directors of Access Control Direct Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Access Control Direct Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Access Control Direct Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Access Control Direct Limited. You consider that Access Control Direct Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of Access Control Direct Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| Jane Foy & Co |
| Chartered Accountants |
| 24 Mosswood Road |
| Wilmslow |
| Cheshire |
| SK9 2DR |
|
| 26 September 2016 |
|
| Access Control Direct Limited |
| Registered number: |
07471704 |
| Abbreviated Balance Sheet |
| as at 31 December 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
- |
|
|
81 |
|
| Current assets |
| Stocks |
|
|
3,367 |
|
|
3,881 |
| Debtors |
|
|
22,260 |
|
|
19,152 |
| Cash at bank and in hand |
|
|
5,058 |
|
|
6,091 |
|
|
|
30,685 |
|
|
29,124 |
|
| Creditors: amounts falling due within one year |
|
|
(28,353) |
|
|
(25,401) |
|
| Net current assets |
|
|
|
2,332 |
|
|
3,723 |
|
| Total assets less current liabilities |
|
|
|
2,332 |
|
|
3,804 |
|
|
| Provisions for liabilities |
|
|
|
- |
|
|
(16) |
|
|
| Net assets |
|
|
|
2,332 |
|
|
3,788 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
2,232 |
|
|
3,688 |
|
| Shareholders' funds |
|
|
|
2,332 |
|
|
3,788 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr John Gibbs |
| Director |
| Approved by the board on 26 September 2016 |
|
| Access Control Direct Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Fixtures,fittings and equipment |
25% straight line |
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
332 |
|
At 31 December 2015 |
332 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2015 |
251 |
|
Charge for the year |
81 |
|
At 31 December 2015 |
332 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
- |
|
At 31 December 2014 |
81 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
