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REGISTERED NUMBER: 05170729 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Accessit Data Ltd

Accessit Data Ltd (Registered number: 05170729)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Accessit Data Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs K B Saunders
Mr I R Saunders
Mr J R Saunders





SECRETARY: Mr I R Saunders





REGISTERED OFFICE: 4 Cromwell Court
New Street
Aylesbury
Buckinghamshire
HP20 2PB





REGISTERED NUMBER: 05170729 (England and Wales)

Accessit Data Ltd (Registered number: 05170729)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 4,388 8,745
Tangible assets 5 2,573 1,759
Investments 6 33,429 33,429
40,390 43,933

CURRENT ASSETS
Stocks 33,453 118,877
Debtors 7 524,305 187,452
Cash at bank 19 3
557,777 306,332
CREDITORS
Amounts falling due within one year 8 (358,533 ) (280,325 )
NET CURRENT ASSETS 199,244 26,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,634

69,940

CREDITORS
Amounts falling due after more than one
year

9

(33,425

)

(53,219

)
NET ASSETS 206,209 16,721

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 206,159 16,671
206,209 16,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

Accessit Data Ltd (Registered number: 05170729)

Balance Sheet - continued
31 July 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 April 2024 and were signed on its behalf by:





Mr I R Saunders - Director


Accessit Data Ltd (Registered number: 05170729)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Accessit Data Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 Statement of Income and Retained Earnings, 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.

Accessit Data Ltd (Registered number: 05170729)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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.

Fixed assets
All fixed assets are initially recorded at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 7 ).

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 54,241 162,899 217,140
AMORTISATION
At 1 August 2022 54,241 154,154 208,395
Charge for year - 4,357 4,357
At 31 July 2023 54,241 158,511 212,752
NET BOOK VALUE
At 31 July 2023 - 4,388 4,388
At 31 July 2022 - 8,745 8,745

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 39,547
Additions 1,634
At 31 July 2023 41,181
DEPRECIATION
At 1 August 2022 37,788
Charge for year 820
At 31 July 2023 38,608
NET BOOK VALUE
At 31 July 2023 2,573
At 31 July 2022 1,759

Accessit Data Ltd (Registered number: 05170729)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2022
and 31 July 2023 33,429
NET BOOK VALUE
At 31 July 2023 33,429
At 31 July 2022 33,429

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 65,042 70,877
Amounts owed by group undertakings 398,426 -
Other debtors 60,837 116,575
524,305 187,452

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 74,698 69,644
Trade creditors 156,483 70,355
Amounts owed to group undertakings 17,793 45,184
Taxation and social security 22,239 43,978
Other creditors 87,320 51,164
358,533 280,325

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 33,425 53,219

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mrs K B Saunders
Balance outstanding at start of year 41,067 35,372
Amounts advanced 26,147 29,188
Amounts repaid (39,372 ) (23,493 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,842 41,067

Accessit Data Ltd (Registered number: 05170729)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr I R Saunders
Balance outstanding at start of year 41,616 33,554
Amounts advanced 26,147 40,195
Amounts repaid (39,373 ) (32,133 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,390 41,616