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Registered Number: 09805493
England and Wales

 

 

 

ACCESS OFFICE FURNITURE SOLUTIONS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
Directors Jacqueline Smith
Andrew James Smith
Registered Number 09805493
Registered Office C/O Melanie Curtis Accountants Ltd
100 Berkshire Place, Winnersh
Wokingham
Berkshire
RG41 5RD
1
Director's report and financial statements
The directors present his annual report and the financial statements for the year ended 31 October 2023
Principal activities
The companys principal activity during the year was that of sales of office furniture.
Directors
The directors who served the company throughout the year were as follows:
Jacqueline Smith
Andrew James Smith

This report was approved by the board and signed on its behalf by:


----------------------------------
Andrew James Smith
Director

Date approved: 08 March 2024
2
 
 
Notes
 
2023
£
Fixed assets    
Tangible fixed assets 3 550,582 
550,582 
Current assets    
Stocks 4 1,000 
Debtors 5 28,334 
Cash at bank and in hand 824,328 
853,662 
Creditors: amount falling due within one year 6 (123,959)
Net current assets 729,703 
 
Total assets less current liabilities 1,280,285 
Provisions for liabilities 7 (3,664)
Net assets 1,276,621 
 

Capital and reserves
   
Called up share capital 1,000 
Profit and loss account 1,275,621 
Shareholder's funds 1,276,621 
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 08 March 2024 and were signed on its behalf by:


-------------------------------
Andrew James Smith
Director
3
General Information
Access Office Furniture Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 09805493, registration address C/O Melanie Curtis Accountants Ltd, 100 Berkshire Place, Winnersh, Wokingham, Berkshire, RG41 5RD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.
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 - 33% on reducing balance
Computer equipment - 33% on reducing balance 
Fixtures & Fittings - 15% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance forobsolete and slow moving items.
2.

Employees

The average number of employees for the financial year was 1.
Average number of employees during the year was 1.
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 November 2022 529,887    44,122    14,727    6,078    594,814 
Additions       1,536    1,536 
Disposals        
At 31 October 2023 529,887    44,122    14,727    7,614    596,350 
Depreciation
At 01 November 2022   32,911    2,209    3,324    38,444 
Charge for year   3,699    2,209    1,416    7,324 
On disposals        
At 31 October 2023   36,610    4,418    4,740    45,768 
Net book values
Closing balance as at 31 October 2023 529,887    7,512    10,309    2,874    550,582 
Opening balance as at 01 November 2022 529,887    11,211    12,518    2,754    556,370 


4.

Stocks

2023
£
Stocks 1,000 
1,000 

5.

Debtors: amounts falling due within one year

2023
£
Trade Debtors 17,458 
Prepayments & Accrued Income 10,876 
28,334 

6.

Creditors: amount falling due within one year

2023
£
Trade Creditors 15,491 
Social Security and Other Taxes 70,484 
Other Creditors 206 
Directors' Current Accounts 37,778 
123,959 

7.

Provisions for liabilities

2023
£
Deferred Tax 3,664 
3,664 

8.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for both employees and directors. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
4