Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-312025-05-210.012024-02-01falseNo description of principal activity0.01truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09826452 2024-02-01 2025-01-31 09826452 2023-02-01 2024-01-31 09826452 2025-01-31 09826452 2024-01-31 09826452 c:Director1 2024-02-01 2025-01-31 09826452 d:PlantMachinery 2024-02-01 2025-01-31 09826452 d:PlantMachinery 2025-01-31 09826452 d:PlantMachinery 2024-01-31 09826452 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 09826452 d:MotorVehicles 2024-02-01 2025-01-31 09826452 d:MotorVehicles 2025-01-31 09826452 d:MotorVehicles 2024-01-31 09826452 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 09826452 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 09826452 d:Goodwill 2024-02-01 2025-01-31 09826452 d:Goodwill 2025-01-31 09826452 d:Goodwill 2024-01-31 09826452 d:CurrentFinancialInstruments 2025-01-31 09826452 d:CurrentFinancialInstruments 2024-01-31 09826452 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 09826452 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 09826452 d:ShareCapital 2025-01-31 09826452 d:ShareCapital 2024-01-31 09826452 d:SharePremium 2025-01-31 09826452 d:SharePremium 2024-01-31 09826452 d:RetainedEarningsAccumulatedLosses 2025-01-31 09826452 d:RetainedEarningsAccumulatedLosses 2024-01-31 09826452 c:OrdinaryShareClass1 2024-02-01 2025-01-31 09826452 c:OrdinaryShareClass1 2025-01-31 09826452 c:OrdinaryShareClass1 2024-01-31 09826452 c:FRS102 2024-02-01 2025-01-31 09826452 c:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 09826452 c:FullAccounts 2024-02-01 2025-01-31 09826452 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09826452 2 2024-02-01 2025-01-31 09826452 e:PoundSterling 2024-02-01 2025-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09826452









CONNECT ACCESS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2025

 
CONNECT ACCESS LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CONNECT ACCESS LIMITED
FOR THE YEAR ENDED 31 JANUARY 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Connect Access Limited for the year ended 31 January 2025 which comprise  the Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Director of Connect Access Limited in accordance with the terms of our engagement letter dated 7 June 2024Our work has been undertaken solely to prepare for your approval the financial statements of Connect Access Limited and state those matters that we have agreed to state to the Director of Connect Access Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Connect Access Limited and its Director for our work or for this report. 

It is your duty to ensure that Connect Access Limited 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 Connect Access Limited. You consider that Connect Access Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Connect Access Limited. 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.

  



Price Bailey LLP
 
Chartered Accountants
  
Causeway House
1 Dane Street
Bishop's Stortford
Hertfordshire
CM23 3BT
5 June 2025
Page 1

 
CONNECT ACCESS LIMITED
REGISTERED NUMBER: 09826452

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
1
1

Tangible assets
 5 
4,159,839
5,317,635

  
4,159,840
5,317,636

Current assets
  

Debtors: amounts falling due within one year
 6 
147,797
130,321

Cash at bank and in hand
  
1,993,348
988,115

  
2,141,145
1,118,436

Creditors: amounts falling due within one year
 7 
(370,021)
(331,923)

Net current assets
  
 
 
1,771,124
 
 
786,513

Total assets less current liabilities
  
5,930,964
6,104,149

Provisions for liabilities
  

Deferred tax
  
(335,262)
(526,225)

Net assets
  
5,595,702
5,577,924


Capital and reserves
  

Called up share capital 
 8 
100
100

Share premium account
  
1,505,978
1,505,978

Profit and loss account
  
4,089,624
4,071,846

  
5,595,702
5,577,924


Page 2

 
CONNECT ACCESS LIMITED
REGISTERED NUMBER: 09826452

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2025

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr O J Cave
Director

Date: 21 May 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
CONNECT ACCESS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

Connect Access Limited is a private Company limited by shares, incorporated in England and Wales. Its
registered number is 09826452. Its registered office is Hadham Park, Hadham Road, Bishop's Stortford,
Hertfordshire, CM23 1JH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The Company's functional and presentational currency is that of Pounds Sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
CONNECT ACCESS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 5

 
CONNECT ACCESS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line or reducing balance method.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
Straight Line
Motor vehicles
-
25%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

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.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term 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.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans
and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.


Page 6

 
CONNECT ACCESS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 7

 
CONNECT ACCESS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

4.


Intangible assets




Goodwill

£



Cost


At 1 February 2024
1



At 31 January 2025

1






Net book value



At 31 January 2025
1



At 31 January 2024
1




5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 February 2024
11,391,172
53,290
11,444,462


Additions
28,717
-
28,717


Disposals
(354,275)
-
(354,275)



At 31 January 2025

11,065,614
53,290
11,118,904



Depreciation


At 1 February 2024
6,125,565
1,262
6,126,827


Charge for the year on owned assets
1,072,046
13,007
1,085,053


Disposals
(252,815)
-
(252,815)



At 31 January 2025

6,944,796
14,269
6,959,065



Net book value



At 31 January 2025
4,120,818
39,021
4,159,839



At 31 January 2024
5,265,607
52,028
5,317,635

Page 8

 
CONNECT ACCESS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

6.


Debtors

2025
2024
£
£


Trade debtors
131,735
112,557

Amounts owed by group undertakings
-
2,545

Prepayments and accrued income
16,062
15,219

147,797
130,321



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
22,267
54,031

Amounts owed to group undertakings
229,281
232,060

Corporation tax
80,181
8,159

Other taxation and social security
35,067
34,648

Accruals and deferred income
3,225
3,025

370,021
331,923



8.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) Ordinary shares of £1 each
100
100



9.


Controlling party

The immediate and ultimate parent Company is Connect Hire Group Limited, a Company incorporated in England & Wales, within the United Kingdom.
The ultimate controlling party is Mr O J Cave.


Page 9