IRIS Accounts Production v22.2.0.402 04427489 director 1.5.21 30.4.22 30.4.22 false true false false true false Ordinary share 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure044274892021-04-30044274892022-04-30044274892021-05-012022-04-30044274892020-04-30044274892020-05-012021-04-30044274892021-04-3004427489ns16:EnglandWales2021-05-012022-04-3004427489ns15:PoundSterling2021-05-012022-04-3004427489ns11:Director12021-05-012022-04-3004427489ns11:PrivateLimitedCompanyLtd2021-05-012022-04-3004427489ns11:SmallEntities2021-05-012022-04-3004427489ns11:AuditExempt-NoAccountantsReport2021-05-012022-04-3004427489ns11:SmallCompaniesRegimeForDirectorsReport2021-05-012022-04-3004427489ns11:SmallCompaniesRegimeForAccounts2021-05-012022-04-3004427489ns11:FullAccounts2021-05-012022-04-3004427489ns11:OrdinaryShareClass12021-05-012022-04-3004427489ns11:RegisteredOffice2021-05-012022-04-3004427489ns6:CurrentFinancialInstruments2022-04-3004427489ns6:CurrentFinancialInstruments2021-04-3004427489ns6:Non-currentFinancialInstruments2022-04-3004427489ns6:Non-currentFinancialInstruments2021-04-3004427489ns6:ShareCapital2022-04-3004427489ns6:ShareCapital2021-04-3004427489ns6:RetainedEarningsAccumulatedLosses2022-04-3004427489ns6:RetainedEarningsAccumulatedLosses2021-04-3004427489ns6:ComputerEquipment2021-05-012022-04-3004427489ns6:ComputerEquipment2021-04-3004427489ns6:ComputerEquipment2022-04-3004427489ns6:ComputerEquipment2021-04-3004427489ns6:WithinOneYearns6:CurrentFinancialInstruments2022-04-3004427489ns6:WithinOneYearns6:CurrentFinancialInstruments2021-04-3004427489ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-04-3004427489ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2021-04-3004427489ns11:OrdinaryShareClass12022-04-30
REGISTERED NUMBER: 04427489 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2022

for

Access Financial Services Limited

Access Financial Services Limited (Registered number: 04427489)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Access Financial Services Limited

Company Information
for the Year Ended 30 April 2022







DIRECTOR: Mr K Wilkinson





REGISTERED OFFICE: 8 St. James's Square
London
SW1Y 4JU





REGISTERED NUMBER: 04427489 (England and Wales)





ACCOUNTANTS: Sairides Consultancy Services Ltd
T/A Guardian Tax & Accounting
69 High Street
Southgate
London
N14 6LD

Access Financial Services Limited (Registered number: 04427489)

Balance Sheet
30 April 2022

30.4.22 30.4.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,993 5,025

CURRENT ASSETS
Debtors 5 148,148 218,066
Cash at bank 389,897 189,879
538,045 407,945
CREDITORS
Amounts falling due within one year 6 99,641 103,308
NET CURRENT ASSETS 438,404 304,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,397

309,662

CREDITORS
Amounts falling due after more than one
year

7

122,500

125,000

PROVISIONS FOR LIABILITIES 8 246,439 184,641

CAPITAL AND RESERVES
Called up share capital 9 6 6
Retained earnings 73,452 15
SHAREHOLDERS' FUNDS 73,458 21
442,397 309,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Access Financial Services Limited (Registered number: 04427489)

Balance Sheet - continued
30 April 2022


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

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

The financial statements were approved by the director and authorised for issue on 15 August 2022 and were signed by:





Mr K Wilkinson - Director


Access Financial Services Limited (Registered number: 04427489)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

Access Financial Services 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2021 - 5 ) .

Access Financial Services Limited (Registered number: 04427489)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2021 11,641
Additions 299
At 30 April 2022 11,940
DEPRECIATION
At 1 May 2021 6,616
Charge for year 1,331
At 30 April 2022 7,947
NET BOOK VALUE
At 30 April 2022 3,993
At 30 April 2021 5,025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Trade debtors 54,049 104,434
Other debtors 25,251 41,984
Directors' current accounts 68,844 71,644
Called up share capital not paid 4 4
148,148 218,066

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Bank loans and overdrafts - 52,183
Trade creditors 2,713 1,292
Tax 63,535 25,394
Social security and other taxes - 2,296
Other creditors 33,213 22,143
Accrued expenses 180 -
99,641 103,308

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.22 30.4.21
£    £   
Bank loans - 2-5 years 122,500 125,000

8. PROVISIONS FOR LIABILITIES
30.4.22 30.4.21
£    £   
Other provisions 246,439 184,641

Access Financial Services Limited (Registered number: 04427489)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.4.22 30.4.21
value: £    £   
6 Ordinary share 1 6 6

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The amounts overdrawn as at 30th April 2022 of £68,844.29 (April 2021 £ 71,644.29) is due to the Company.