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Registered number: 04924239
Access Associates Limited
Financial Statements
For The Year Ended 30 September 2024
DJ Coulter & Associates Limited
Chartered Certified Accountants
Wellesley House
7 Clarence Parade
Cheltenham
GL50 3NY
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Access Associates Limited for the year ended 30 September 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Access Associates Limited which comprise the Profit and Loss Account, the 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/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Access Associates Limited , as a body, in accordance with the terms of our engagement letter dated 08 April 2024. Our work has been undertaken solely to prepare for your approval the accounts of Access Associates Limited and state those matters that we have agreed to state to the directors of Access Associates Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Access Associates Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Access Associates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Access Associates Limited . You consider that Access Associates Limited 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 accounts of Access Associates 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 financial statements.
16th May 2025
DJ Coulter & Associates Limited
Chartered Certified Accountants
Wellesley House
7 Clarence Parade
Cheltenham
GL50 3NY
Page 1
Page 2
Balance Sheet
Registered number: 04924239
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 314,053 309,598
314,053 309,598
CURRENT ASSETS
Debtors 5 69,148 100,446
Cash at bank and in hand 23,281 37,786
92,429 138,232
Creditors: Amounts Falling Due Within One Year 6 (106,133 ) (129,668 )
NET CURRENT ASSETS (LIABILITIES) (13,704 ) 8,564
TOTAL ASSETS LESS CURRENT LIABILITIES 300,349 318,162
Creditors: Amounts Falling Due After More Than One Year 7 (52,684 ) (57,484 )
NET ASSETS 247,665 260,678
CAPITAL AND RESERVES
Called up share capital 8 106 100
Profit and Loss Account 247,559 260,578
SHAREHOLDERS' FUNDS 247,665 260,678
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For the year ending 30 September 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.
The financial statements were approved by the board of directors on 16 May 2025 and were signed on its behalf by:
.
Ms Bronwen Thornton
Director
16th May 2025
The notes on pages 4 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Access Associates Limited Registered number 04924239 is a limited by shares company incorporated in England & Wales. The Registered Office is 24 Moorend Road, Cheltenham, Gloucestershire, GL53 0HD.
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.
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 stated at cost less depreciation. 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:
Freehold nil
Plant & Machinery 25% straight line
Fixtures & Fittings 15% straight line
Computer Equipment 25% straight line
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 307,778 800 1,813 5,205 315,596
Additions - - - 5,582 5,582
Disposals - 800 - (2,218 ) (1,418 )
As at 30 September 2024 307,778 1,600 1,813 8,569 319,760
Depreciation
As at 1 October 2023 - 800 1,505 3,693 5,998
Provided during the period - - 47 832 879
Disposals - 800 - (1,970 ) (1,170 )
As at 30 September 2024 - 1,600 1,552 2,555 5,707
Net Book Value
As at 30 September 2024 307,778 - 261 6,014 314,053
As at 1 October 2023 307,778 - 308 1,512 309,598
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 67,373 98,560
Prepayments and accrued income 1,775 1,886
69,148 100,446
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,121 836
Bank loans and overdrafts 8,981 12,946
Corporation tax 25,372 23,941
VAT 13,435 20,196
Accruals and deferred income 1,750 1,750
Directors' loan accounts 49,474 69,999
106,133 129,668
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 52,684 57,484
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
2 Ordinary A shares of £ 1.00 each 2 -
4 Ordinary B shares of £ 1.00 each 4 -
106 100
Shares issued during the period: £
2 Ordinary A shares of £ 1.00 each 2
4 Ordinary B shares of £ 1.00 each 4
6
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
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2024 2023
£ £
Ms Bronwen Thornton 51,000 27,000
Mr James Walker 51,000 27,000
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 102,000 54,000
11. Ultimate Controlling Party
The company's ultimate controlling party is Bronwen Thornton and James Walker by virtue of their ownership of 100% of the issued share capital in the company.
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