REGISTERED NUMBER: 04531290 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Access-It Software (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K S Gacek

C W Porter

REGISTERED OFFICE:

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

REGISTERED NUMBER:

04531290 (England and Wales)

AUDITORS:

Mander Duffill

Chartered Accountants & Statutory Auditor

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

FIXED ASSETS

Owned

Tangible assets

4

10,199

12,390

Right-of-use

Tangible assets

4, 7

38,378

-

48,577

12,390

CURRENT ASSETS

Debtors

5

523,482

518,832

Cash at bank

182,125

128,453

705,607

647,285

CREDITORS

Amounts falling due within one year

6

1,274,392

1,223,150

NET CURRENT LIABILITIES

(568,785

)

(575,865

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(520,208

)

(563,475

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(520,308

)

(563,575

)

SHAREHOLDERS' FUNDS

(520,208

)

(563,475

)

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2025 and were signed on its behalf by:

K S Gacek - Director

C W Porter - Director

1.	STATUTORY INFORMATION

Access-It Software (UK) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Licence income specifically is recognised on a straight line basis over the period to which the licence contract relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost and 20% on reducing balance

Taxation

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

Leases

Leases are recognised as finance leases. The lease liability is initially recognised at the present value of the lease payments which have not yet been made and subsequently measured under the amortised cost method. The initial cost of the right-of-use asset comprises the amount of the initial measurement of the lease liability, lease payments made prior to the lease commencement date, initial direct costs and the estimated costs of removing or dismantling the underlying asset per the conditions of the contract.

Where ownership of the right-of-use asset transfers to the lessee at the end of the lease term, the right-of-use asset is depreciated over the asset’s remaining useful life. If ownership of the right-of-use asset does not transfer to the lessee at the end of the lease term, depreciation is charged over the shorter of the useful life of the right-of-use asset and the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Computer

and

office

equipment

£

COST

At 1 January 2024

41,017

Additions

69,711

At 31 December 2024

110,728

DEPRECIATION

At 1 January 2024

28,627

Charge for year

33,524

At 31 December 2024

62,151

NET BOOK VALUE

At 31 December 2024

48,577

At 31 December 2023

12,390

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as

restated

£

£

Trade debtors

75,406

101,820

Amounts owed by group undertakings

202,960

210,850

Other debtors

245,116

206,162

523,482

518,832

Deferred tax asset

31.12.24

31.12.23

as

restated

£

£

Tax losses carried forward

186,938

201,653

Accelerated capital allowances

(2,800

)

(3,097

)

184,138

198,556

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as

restated

£

£

Trade creditors

23,558

15,617

Other creditors

148,175

1,094,016

Accruals and deferred income

1,102,659

113,517

1,274,392

1,223,150

7.

LEASING

Right-of-use assets

Tangible fixed assets

31.12.24

31.12.23

as

restated

£

£

COST

Additions

67,162

-

DEPRECIATION

Charge for year

28,784

-

NET BOOK VALUE

38,378

-

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Julian Duffill FCA (Senior Statutory Auditor)

for and on behalf of Mander Duffill

9.	PARENT COMPANY

The parent company is Access-IT Software Limited, a company registered in New Zealand.

The registered and principal trading address is:

Level 5,

44 Victoria Street

Wellington,

New Zealand