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Registered Number: 04470181
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 July 2024

for

ACCESS ARCHITECTS LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets
Tangible fixed assets 2 44    55 
44    55 
Current assets
Debtors 3 24,423    25,847 
24,423    25,847 
Creditors: amount falling due within one year 4 (51,011)   (59,868)
Net current assets/(liabilities) (26,588)   (34,021)
 
Total assets less current liabilities (26,544)   (33,966)
Creditors: amount falling due after more than one year 5 (19,409)   (19,481)
Provisions for liabilities 6 (17)   (17)
Net assets/(liabilities) (45,970)   (53,464)
 

Capital and reserves
Called up share capital 110    110 
Profit and loss account 7 (46,080)   (53,574)
Shareholders fund (45,970)   (53,464)
 
For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors:


----------------------------------
David Thomas Leighton
Director

Date approved: 21 April 2025
1
Statutory Information
ACCESS ARCHITECTS LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 04470181, registration address 158 Bassett Avenue Bassett Avenue, Southampton, SO16 7FD, England.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Taxation
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change
attributable to an item of income or expense recognised as other comprehensive income is also recognised
directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the
financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date and that are expected to apply to the reversal of the timing difference.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings25% Reducing Balance
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the
company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity
recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently
measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the
currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is
amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be
made.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary
course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost
using the effective interest method, less provision for impairment. A provision for the impairment of trade
debtors is established when there is objective evidence that the company will not be able to collect all amounts
due according to the original terms of the receivables.
Assets on finance lease and hire purchase
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the company does not have an
unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve
months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months
after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost
using the effective interest method.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as
operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over
the period of the lease.
Stocks
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other
resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred
and the time value of money is material, the initial measurement is on a present value basis.
2.

Tangible fixed assets

Cost or Valuation   Fixtures and Fittings   Total
    £   £
At 01 August 2023   3,796    3,796 
Additions    
At 31 July 2024   3,796    3,796 
Depreciation
At 01 August 2023   3,741    3,741 
Charge for year   11    11 
At 31 July 2024   3,752    3,752 
Net book values
Closing balance as at 31 July 2024   44    44 
Opening balance as at 01 August 2023   55    55 

3.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade debtors 1,635    1,428 
Other debtors 1,795    1,796 
Prepayments 1,223    1,223 
Amounts owed by/to group undertakings 19,770    21,400 
24,423    25,847 
4.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade creditors (4,461)   384 
Accruals & deferred income 1,452    1,093 
Accrued expenses 479    359 
Directors' current account 44,658    48,401 
Business Bank Account 8,774    9,522 
Social security & other tax 109    109 
51,011    59,868 
5.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Other creditors 12,010    12,010 
Bounce back loan 7,399    7,471 
19,409    19,481 
6.

Provisions for liabilities

2024
£
  2023
£
Deferred tax 17    17 
17    17 
7.

Profit and loss account

  2024
£
Balance at 01 August 2023 (53,574)
Profit for the year 7,494 
Balance at 31 July 2024 (46,080)

8.

Average number of employees

Average number of employees during the year were 2 (2023: 2).
2