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REGISTERED NUMBER: 05170729 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Accessit Data Ltd

Accessit Data Ltd (Registered number: 05170729)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8


Accessit Data Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs K B Saunders
Mr I R Saunders
Mr J R Saunders





SECRETARY: Mr I R Saunders





REGISTERED OFFICE: 4 Cromwell Court
New Street
Aylesbury
Buckinghamshire
HP20 2PB





REGISTERED NUMBER: 05170729 (England and Wales)

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Accessit Data 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 Accessit Data Ltd for the year ended 31 July 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Accessit Data 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 Accessit Data Ltd and state those matters that we have agreed to state to the Board of Directors of Accessit Data Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. 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 Accessit Data 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 Accessit Data Ltd. You consider that Accessit Data 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 Accessit Data 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.






APS Accountancy Ltd
4 Cromwell Court
New Street
Aylesbury
Buckinghamshire
HP20 2PB


19 November 2024

Accessit Data Ltd (Registered number: 05170729)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 31 4,388
Tangible assets 5 3,756 2,573
Investments 6 33,429 33,429
37,216 40,390

CURRENT ASSETS
Stocks 43,418 33,453
Debtors 7 774,056 524,305
Cash at bank 19 19
817,493 557,777
CREDITORS
Amounts falling due within one year 8 (762,646 ) (534,152 )
NET CURRENT ASSETS 54,847 23,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,063

64,015

CREDITORS
Amounts falling due after more than one
year

9

(16,440

)

(33,425

)
NET ASSETS 75,623 30,590

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 75,573 30,540
75,623 30,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

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

Accessit Data Ltd (Registered number: 05170729)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





Mr I R Saunders - Director


Accessit Data Ltd (Registered number: 05170729)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Accessit Data 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of ten years.

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 etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Accessit Data Ltd (Registered number: 05170729)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Fixed assets
All fixed assets are initially recorded at cost.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 54,241 162,899 217,140
AMORTISATION
At 1 August 2023 54,241 158,511 212,752
Charge for year - 4,357 4,357
At 31 July 2024 54,241 162,868 217,109
NET BOOK VALUE
At 31 July 2024 - 31 31
At 31 July 2023 - 4,388 4,388

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 41,181
Additions 2,503
At 31 July 2024 43,684
DEPRECIATION
At 1 August 2023 38,608
Charge for year 1,320
At 31 July 2024 39,928
NET BOOK VALUE
At 31 July 2024 3,756
At 31 July 2023 2,573

Accessit Data Ltd (Registered number: 05170729)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 33,429
NET BOOK VALUE
At 31 July 2024 33,429
At 31 July 2023 33,429

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 68,782 65,042
Amounts owed by group undertakings 672,279 398,426
Other debtors 32,995 60,837
774,056 524,305

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 49,827 74,698
Trade creditors 125,270 156,483
Amounts owed to group undertakings 17,793 17,793
Taxation and social security 59,516 22,858
Other creditors 510,240 262,320
762,646 534,152

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 16,440 33,425

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mrs K B Saunders
Balance outstanding at start of year 27,842 41,067
Amounts advanced - 26,147
Amounts repaid - (39,372 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 27,842

Accessit Data Ltd (Registered number: 05170729)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr I R Saunders
Balance outstanding at start of year 28,390 41,616
Amounts advanced - 26,147
Amounts repaid - (39,373 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 28,390