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REGISTERED NUMBER: 11716694 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Access Economics Ltd

Access Economics Ltd (Registered number: 11716694)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Access Economics Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M Tanweer





SECRETARY:





REGISTERED OFFICE: 57 Fen Road
Cambridge
CB4 1BS





REGISTERED NUMBER: 11716694 (England and Wales)





ACCOUNTANTS: Tim O'Brien CA
The Green
Datchet
Berkshire
SL3 9AS

Access Economics Ltd (Registered number: 11716694)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,412 534

CURRENT ASSETS
Debtors 5 15,691 8,895
Cash at bank 81,719 168,231
97,410 177,126
CREDITORS
Amounts falling due within one year 6 12,431 35,366
NET CURRENT ASSETS 84,979 141,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,391

142,294

CREDITORS
Amounts falling due after more than one
year

7

6,042

16,440
NET ASSETS 80,349 125,854

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 80,249 125,754
80,349 125,854

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

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

Access Economics Ltd (Registered number: 11716694)

Balance Sheet - continued
31 December 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 5 September 2024 and were signed by:





M Tanweer - Director


Access Economics Ltd (Registered number: 11716694)

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

1. STATUTORY INFORMATION

Access Economics 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 1 (2022 - 1 ) .

Access Economics Ltd (Registered number: 11716694)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 1,711
Additions 1,348
At 31 December 2023 3,059
DEPRECIATION
At 1 January 2023 1,177
Charge for year 470
At 31 December 2023 1,647
NET BOOK VALUE
At 31 December 2023 1,412
At 31 December 2022 534

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 15,691 8,895

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 5,328 -
Taxation and social security 4,939 33,027
Other creditors 2,164 2,339
12,431 35,366

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 6,042 16,440