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REGISTERED NUMBER: SC441930 (Scotland)





















Unaudited Financial Statements

For The Year Ended 28 February 2024

for

Access Inspection Maintenance Ltd

Access Inspection Maintenance Ltd (Registered number: SC441930)






Contents of the Financial Statements
For The Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Access Inspection Maintenance Ltd

Company Information
For The Year Ended 28 February 2024







DIRECTORS: A J Turnbull
R J Turnbull





REGISTERED OFFICE: Office 19, Hydepark Business Centre
60 Mollinsburn street
Glasgow
G21 4SF





REGISTERED NUMBER: SC441930 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Access Inspection Maintenance Ltd (Registered number: SC441930)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,365 429

CURRENT ASSETS
Debtors 5 41,683 -
Cash at bank 16,401 48,006
58,084 48,006
CREDITORS
Amounts falling due within one year 6 62,565 25,803
NET CURRENT (LIABILITIES)/ASSETS (4,481 ) 22,203
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,884

22,632

CREDITORS
Amounts falling due after more than one
year

7

(41,711

)

(13,148

)

PROVISIONS FOR LIABILITIES (994 ) -
NET ASSETS 179 9,484

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 169 9,474
179 9,484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 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.

Access Inspection Maintenance Ltd (Registered number: SC441930)

Balance Sheet - continued
28 February 2024


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 Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





A J Turnbull - Director


Access Inspection Maintenance Ltd (Registered number: SC441930)

Notes to the Financial Statements
For The Year Ended 28 February 2024

1. STATUTORY INFORMATION

Access Inspection Maintenance Ltd is a private company, limited by shares , registered in Scotland. 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 the cost less estimated residual value of 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 - 20% on reducing balance
Motor vehicles - 20% on cost and 15% on reducing balance

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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.


Access Inspection Maintenance Ltd (Registered number: SC441930)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2024

2. ACCOUNTING POLICIES - continued
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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023 3,612 - 3,612
Additions - 58,392 58,392
At 28 February 2024 3,612 58,392 62,004
DEPRECIATION
At 1 March 2023 3,183 - 3,183
Charge for year 85 11,371 11,456
At 28 February 2024 3,268 11,371 14,639
NET BOOK VALUE
At 28 February 2024 344 47,021 47,365
At 28 February 2023 429 - 429

Access Inspection Maintenance Ltd (Registered number: SC441930)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
Additions 52,239
At 28 February 2024 52,239
NET BOOK VALUE
At 28 February 2024 52,239

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 23,570 -
Other debtors 18,113 -
41,683 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 4,082 -
Finance leases 8,448 -
Trade creditors (1 ) 2,144
Taxation and social security 1,387 5,739
Other creditors 48,649 17,920
62,565 25,803

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Bank loans 4,893 13,148
Finance leases 36,818 -
41,711 13,148

8. SECURED DEBTS

Regency Factors Ltd have a floating charge over all the property or undertaking of the company.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Access Inspection Maintenance Ltd

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Access Inspection Maintenance Ltd for the year ended 28 February 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Access Inspection Maintenance Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Access Inspection Maintenance Ltd and state those matters that we have agreed to state to the Board of Directors of Access Inspection Maintenance Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Access Inspection Maintenance Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Access Inspection Maintenance Ltd. You consider that Access Inspection Maintenance Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Access Inspection Maintenance Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


12 September 2024