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Registrar

Registration number: 09903087

Accesspoint Group Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Accesspoint Group Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 7

 

Accesspoint Group Holdings 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
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Accesspoint Group Holdings Limited

(Registration number: 09903087)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

161

296

Investments

5

225

225

 

386

521

Current assets

 

Debtors

6

360,605

173,875

Cash at bank and in hand

 

1,468

1,513

 

362,073

175,388

Creditors: Amounts falling due within one year

7

(283,521)

(146,332)

Net current assets

 

78,552

29,056

Net assets

 

78,938

29,577

Capital and reserves

 

Called up share capital

8

300

300

Retained earnings

78,638

29,277

Shareholders' funds

 

78,938

29,577

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 Group Holdings Limited

Statement of Changes in Equity for the Year Ended 31 August 2023

Share capital
£

Retained earnings
£

Total
£

At 1 September 2022

300

29,277

29,577

Profit for the year

-

378,461

378,461

Dividends

-

(329,100)

(329,100)

At 31 August 2023

300

78,638

78,938


 

Share capital
£

Retained earnings
£

Total
£

At 1 September 2021

300

104

404

Profit for the year

-

266,773

266,773

Dividends

-

(237,600)

(237,600)

At 31 August 2022

300

29,277

29,577


 

 

Accesspoint Group Holdings 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 & 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 in the ordinary course of the company’s activities. Turnover is shown net of 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.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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% Straight line method

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

 

Accesspoint Group Holdings Limited

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

Trade debtors

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

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 5 (2022 - 11).

4

Tangible assets

Office equipment
 £

Total
£

Cost or valuation

At 1 September 2022

408

408

At 31 August 2023

408

408

Depreciation

At 1 September 2022

112

112

Charge for the year

135

135

At 31 August 2023

247

247

Carrying amount

At 31 August 2023

161

161

At 31 August 2022

296

296

 

Accesspoint Group Holdings Limited

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

5

Investments

2023
£

2022
£

Investments in subsidiaries

225

225

Subsidiaries

£

Cost or valuation

At 1 September 2022

225

Provision

Carrying amount

At 31 August 2023

225

At 31 August 2022

225

6

Debtors

2023
£

2022
£

Trade debtors

-

2,355

Amounts owed by group undertakings

205

9,975

Directors loan

326,071

106,704

Other debtors

34,329

54,841

360,605

173,875

 

Accesspoint Group Holdings Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2023
 £

2022
 £

Due within one year

 

Trade creditors

 

4,344

5,137

Amounts owed to group undertakings

 

275,956

128,911

Social security and other taxes

 

810

9,127

Other creditors

 

466

1,176

Accruals and deferred income

 

1,945

1,981

 

283,521

146,332

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

300

300

300

300

         

9

Related party transactions

Transactions with directors

2023

At 1 September 2022
£

Advances to director
£

Repayments by director
£

At 31 August 2023
£

Directors loan accounts

106,704

574,112

(354,745)

326,071

         
       

 

2022

At 1 September 2021
£

Advances to director
£

Repayments by director
£

At 31 August 2022
£

Directors loan accounts

73,484

279,507

(246,287)

106,704