Accesspoint Legal Services Limited 07895552 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is in the year under review was that of IT services to the Legal Sector Digita Accounts Production Advanced 6.30.9574.0 true true 07895552 2022-09-01 2023-08-31 07895552 2023-08-31 07895552 core:RetainedEarningsAccumulatedLosses 2023-08-31 07895552 core:ShareCapital 2023-08-31 07895552 core:CurrentFinancialInstruments 2023-08-31 07895552 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 07895552 core:Non-currentFinancialInstruments 2023-08-31 07895552 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 07895552 core:FurnitureFittingsToolsEquipment 2023-08-31 07895552 1 2023-08-31 07895552 bus:SmallEntities 2022-09-01 2023-08-31 07895552 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 07895552 bus:FullAccounts 2022-09-01 2023-08-31 07895552 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 07895552 bus:RegisteredOffice 2022-09-01 2023-08-31 07895552 bus:Director1 2022-09-01 2023-08-31 07895552 bus:Director2 2022-09-01 2023-08-31 07895552 bus:Director3 2022-09-01 2023-08-31 07895552 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 07895552 bus:Agent1 2022-09-01 2023-08-31 07895552 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 07895552 core:OfficeEquipment 2022-09-01 2023-08-31 07895552 1 2022-09-01 2023-08-31 07895552 countries:EnglandWales 2022-09-01 2023-08-31 07895552 1 2022-09-01 2023-08-31 07895552 2022-08-31 07895552 core:FurnitureFittingsToolsEquipment 2022-08-31 07895552 1 2022-08-31 07895552 2021-09-01 2022-08-31 07895552 2022-08-31 07895552 core:RetainedEarningsAccumulatedLosses 2022-08-31 07895552 core:ShareCapital 2022-08-31 07895552 core:CurrentFinancialInstruments 2022-08-31 07895552 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 07895552 core:Non-currentFinancialInstruments 2022-08-31 07895552 core:Non-currentFinancialInstruments core:AfterOneYear 2022-08-31 07895552 core:FurnitureFittingsToolsEquipment 2022-08-31 07895552 1 2022-08-31 07895552 1 2021-09-01 2022-08-31 07895552 1 2021-08-31 iso4217:GBP xbrli:pure

Registrar

Registration number: 07895552

Accesspoint Legal Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Accesspoint Legal Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Accesspoint Legal Services Limited

Company Information

Directors

R M Roebuck

V J Van Der Poel

G Shaw

Registered office

Unit 7 Ashton Gate
Ashton Road
Harold Hill
RM3 8UF

Bankers

Natwest
Romford Town Centre
10 South Street
Romford
Essex
RM1 1RD

Accountants

Lambert Chapman LLP
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Accesspoint Legal Services Limited

(Registration number: 07895552)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,924

1,547

Current assets

 

Debtors

5

151,960

146,592

Cash at bank and in hand

 

201,077

232,298

 

353,037

378,890

Creditors: Amounts falling due within one year

6

(182,609)

(113,107)

Net current assets

 

170,428

265,783

Total assets less current liabilities

 

172,352

267,330

Creditors: Amounts falling due after more than one year

6

(160,707)

(206,844)

Net assets

 

11,645

60,486

Capital and reserves

 

Called up share capital

125

125

Retained earnings

11,520

60,361

Shareholders' funds

 

11,645

60,486

For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2023 and signed on its behalf by:
 

R M Roebuck
Director

 

Accesspoint Legal Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Unit 7 Ashton Gate, Ashton Road, Harold Hill, RM3 8UF, United Kingdom.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of IT services to the legal sector. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Government grants

Government grants have been recognised within the profit and loss account for the accounting period they relate to.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Accesspoint Legal Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2022 - 14).

 

Accesspoint Legal Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Tangible assets

Office equipment
 £

Total
£

Cost or valuation

At 1 September 2022

4,097

4,097

Additions

1,224

1,224

At 31 August 2023

5,321

5,321

Depreciation

At 1 September 2022

2,550

2,550

Charge for the year

847

847

At 31 August 2023

3,397

3,397

Carrying amount

At 31 August 2023

1,924

1,924

At 31 August 2022

1,547

1,547

5

Debtors

2023
£

2022
£

Trade debtors

97,245

89,296

Amounts owed by group undertakings

-

90

Prepayments

42,615

23,617

Other debtors

-

33,489

Directors loan

12,100

100

151,960

146,592

Included within other debtors are amounts due from related parties connected to directors totalling £12,000 (2022 - £nil).

 

Accesspoint Legal Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

18,364

5,900

Loans and borrowings

7

46,137

42,856

Amounts owed to group undertakings

8

27,842

9,975

Other creditors

 

5,278

6,863

Taxation and social security

 

82,868

38,551

Accruals and deferred income

 

2,120

8,962

 

182,609

113,107

Creditors include bank loans which are secured of £46,137 (2022 - £42,856).

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

160,707

206,844

Creditors include bank loans which are secured of £160,707 (2022 - £206,844).

 

Accesspoint Legal Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

46,137

42,856

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

160,707

206,844

8

Related party transactions

Transactions with directors

2023

At 1 September 2022
£

At 31 August 2023
£

Directors loan transactions

100

100

     
   

 

2022

At 1 September 2021
£

At 31 August 2022
£

Directors loan transactions

100

100

     
   

 

9

Parent and ultimate parent undertaking

The ultimate controlling party is Accesspoint Group Holdings Ltd, a company registered in England and Wales.