AccessRM Limited - Limited company - abbreviated - 11.0.0
AccessRM Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 December 2013 |
| for |
| ACCESSRM LIMITED |
| ACCESSRM LIMITED (REGISTERED NUMBER: 05697398) |
| Contents of the Abbreviated Accounts |
| for the year ended 31 December 2013 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| ACCESSRM LIMITED |
| Company Information |
| for the year ended 31 December 2013 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| ACCESSRM LIMITED (REGISTERED NUMBER: 05697398) |
| Abbreviated Balance Sheet |
| 31 December 2013 |
| 31.12.13 | 31.12.12 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| ACCESSRM LIMITED (REGISTERED NUMBER: 05697398) |
| Abbreviated Balance Sheet - continued |
| 31 December 2013 |
| The financial statements were approved by the Board of Directors on on its behalf by: |
| ACCESSRM LIMITED (REGISTERED NUMBER: 05697398) |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2013 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance |
| with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Intangible fixed assets |
| Intangible fixed assets are amortised at rates calculated to write-off the assets on a straight-line basis |
| over their estimated useful lives. Impairment of intangible assets is reviewed where circumstances |
| indicate that the carrying value of an asset may not be fully recoverable. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
| over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to the profit and loss account in the period to which they |
| relate. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2013 |
| and 31 December 2013 |
| AMORTISATION |
| At 1 January 2013 |
| Amortisation for year |
| At 31 December 2013 |
| NET BOOK VALUE |
| At 31 December 2013 |
| At 31 December 2012 |
| ACCESSRM LIMITED (REGISTERED NUMBER: 05697398) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31 December 2013 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2013 |
| Additions |
| At 31 December 2013 |
| DEPRECIATION |
| At 1 January 2013 |
| Charge for year |
| At 31 December 2013 |
| NET BOOK VALUE |
| At 31 December 2013 |
| At 31 December 2012 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.13 | 31.12.12 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | POST BALANCE SHEET EVENTS |
| On 5th March 2014 AccessBI Ltd, a wholly owned subsidiary of Access Risk Management Group Ltd, |
| was made subject to a Supervisory Notice by the Financial Conduct Authority, pursuant to Section 55L |
| of the Financial Services Act 2000 as amended by the Financial Services Act 2012. Under the terms |
| of this Notice the company was not permitted to trade and, as a consequence of this, the directors |
| decided that the company should go into voluntary liquidation. A Notice of Appointment of a Liquidator |
| was filed at Companies House on 9 May 2014. Whilst it is not possible to provide a detailed |
| assessment of the financial impact of these events as at the date the company's accounts were |
| approved, AccessRM Limited derived a significant part of its income through its links with AccessBI |
| Limited and the loss of such income in the future will clearly have a negative impact on the profitability |
| of the company, at least in the short term. |