Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 01459431 Mrs Vera Watson Mr Edward Watson Mrs Vera Watson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01459431 2023-03-31 01459431 2024-03-31 01459431 2023-04-01 2024-03-31 01459431 frs-core:CurrentFinancialInstruments 2024-03-31 01459431 frs-core:Non-currentFinancialInstruments 2024-03-31 01459431 frs-core:FurnitureFittings 2024-03-31 01459431 frs-core:FurnitureFittings 2023-04-01 2024-03-31 01459431 frs-core:FurnitureFittings 2023-03-31 01459431 frs-core:PlantMachinery 2024-03-31 01459431 frs-core:PlantMachinery 2023-04-01 2024-03-31 01459431 frs-core:PlantMachinery 2023-03-31 01459431 frs-core:ShareCapital 2024-03-31 01459431 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01459431 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01459431 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 01459431 frs-bus:SmallEntities 2023-04-01 2024-03-31 01459431 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01459431 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01459431 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 01459431 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 01459431 frs-bus:Director1 2023-04-01 2024-03-31 01459431 frs-bus:Director2 2023-04-01 2024-03-31 01459431 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 01459431 frs-countries:EnglandWales 2023-04-01 2024-03-31 01459431 2022-03-31 01459431 2023-03-31 01459431 2022-04-01 2023-03-31 01459431 frs-core:CurrentFinancialInstruments 2023-03-31 01459431 frs-core:Non-currentFinancialInstruments 2023-03-31 01459431 frs-core:ShareCapital 2023-03-31 01459431 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 01459431 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: 01459431
Access Computer Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01459431
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 290 362
Investment Properties 5 110,000 95,000
110,290 95,362
CURRENT ASSETS
Stocks 6 1,000 1,000
Debtors 7 1,309 1,123
Cash at bank and in hand 3,703 5,169
6,012 7,292
Creditors: Amounts Falling Due Within One Year 8 (49,500 ) (50,243 )
NET CURRENT ASSETS (LIABILITIES) (43,488 ) (42,951 )
TOTAL ASSETS LESS CURRENT LIABILITIES 66,802 52,411
Creditors: Amounts Falling Due After More Than One Year 9 (8,754 ) (9,430 )
NET ASSETS 58,048 42,981
CAPITAL AND RESERVES
Called up share capital 10 25,000 25,000
Fair value reserve 11 50,812 35,812
Profit and Loss Account (17,764 ) (17,831 )
SHAREHOLDERS' FUNDS 58,048 42,981
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Edward Watson
Director
02/12/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Access Computer Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01459431 . The registered office is 85 Oldham Road, Rochdale, Lancashire, OL16 5QR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 April 2023 2,080 15,497 17,577
As at 31 March 2024 2,080 15,497 17,577
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 1,739 15,476 17,215
Provided during the period 51 21 72
As at 31 March 2024 1,790 15,497 17,287
Net Book Value
As at 31 March 2024 290 - 290
As at 1 April 2023 341 21 362
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 95,000
Fair value adjustments 15,000
As at 31 March 2024 110,000
6. Stocks
2024 2023
£ £
Stock 1,000 1,000
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,309 1,123
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 662 (1 )
Bank loans and overdrafts - 12,069
Accruals and deferred income 720 556
Directors' loan accounts 48,118 37,619
49,500 50,243
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,754 9,430
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 25,000 25,000
Page 4
Page 5
11. Reserves
Fair Value Reserve
£
As at 1 April 2023 35,812
Movements in fair value reserve 15,000
As at 31 March 2024 50,812
Page 5