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REGISTERED NUMBER: 07027381 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

ASM Access Ltd

ASM Access Ltd (Registered number: 07027381)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

ASM Access Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: A S Morris





REGISTERED OFFICE: Unit 28A
North Bank
Berry Hill Industrial Estate
Droitwich
WR9 9AU





REGISTERED NUMBER: 07027381 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

ASM Access Ltd (Registered number: 07027381)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,908 38,193
Investments 5 1,000 1,000
42,908 39,193

CURRENT ASSETS
Stocks 8,000 8,000
Debtors 6 291,083 227,254
Cash at bank 326,181 328,232
625,264 563,486
CREDITORS
Amounts falling due within one year 7 115,914 162,828
NET CURRENT ASSETS 509,350 400,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

552,258

439,851

CREDITORS
Amounts falling due after more than one
year

8

(19,033

)

(31,880

)

PROVISIONS FOR LIABILITIES (9,813 ) (6,720 )
NET ASSETS 523,412 401,251

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 522,412 400,251
523,412 401,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

ASM Access Ltd (Registered number: 07027381)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 July 2024 and were signed by:





A S Morris - Director


ASM Access Ltd (Registered number: 07027381)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

ASM Access 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.

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

Significant judgements and estimates
The preparation of financial statements requires the use of estimates and assumptions that affect reported
amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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 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.

ASM Access Ltd (Registered number: 07027381)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 37,071 60,708 11,489 109,268
Additions - 16,420 3,259 19,679
At 30 November 2023 37,071 77,128 14,748 128,947
DEPRECIATION
At 1 December 2022 29,396 31,239 10,440 71,075
Charge for year 7,425 7,367 1,172 15,964
At 30 November 2023 36,821 38,606 11,612 87,039
NET BOOK VALUE
At 30 November 2023 250 38,522 3,136 41,908
At 30 November 2022 7,675 29,469 1,049 38,193

ASM Access Ltd (Registered number: 07027381)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2022 26,940
Transfer to ownership (12,450 )
At 30 November 2023 14,490
DEPRECIATION
At 1 December 2022 10,624
Charge for year 3,094
Transfer to ownership (8,511 )
At 30 November 2023 5,207
NET BOOK VALUE
At 30 November 2023 9,283
At 30 November 2022 16,316

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022
and 30 November 2023 1,000
NET BOOK VALUE
At 30 November 2023 1,000
At 30 November 2022 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 274,184 212,700
Other debtors 16,899 14,554
291,083 227,254

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 2,847 5,339
Trade creditors 30,631 63,669
Taxation and social security 68,558 67,472
Other creditors 3,878 16,348
115,914 162,828

ASM Access Ltd (Registered number: 07027381)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 15,000 25,000
Hire purchase contracts 4,033 6,880
19,033 31,880

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the amount due to A Morris is £1,718 (2022: £14,188).
The balance is interest free and repayable on demand.

ASM Access Ltd

Report of the Accountants to the Director of
ASM Access Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................