Access Service And Repair Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06658298

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		826,506		1,045,506

			826,506		1,045,506
CURRENT ASSETS
Stocks	5	17,638		15,330
Debtors	6	219,095		270,540
Cash at bank and in hand		-		1,414

		236,733		287,284
Creditors: Amounts Falling Due Within One Year	7	(582,914 )		(568,867 )

NET CURRENT ASSETS (LIABILITIES)			(346,181 )		(281,583 )

TOTAL ASSETS LESS CURRENT LIABILITIES			480,325		763,923

Creditors: Amounts Falling Due After More Than One Year	8		(165,244 )		(408,961 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(205,751 )		(179,373 )

NET ASSETS			109,330		175,589

CAPITAL AND RESERVES
Called up share capital	9		200		200
Share premium account			149,905		149,905
Profit and Loss Account			(40,775 )		25,484

SHAREHOLDERS' FUNDS			109,330		175,589

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Access Service And Repair Limited

Balance Sheet (continued)

As At 30 December 2024

For the year ending 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 S G Riley

Director

18 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Access Service And Repair Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06658298 . The registered office is Unit 5e Bestwood Village Business Park, Bestwood Village, Nottingham, NG6 8TQ.

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. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.3. 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.

2.4. 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	10% Reducing balance
Motor Vehicles	25% Reducing balance
Computer Equipment	25% and 50% straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. 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.

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Access Service And Repair Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 December 2024

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2023: 6)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 31 December 2023	1,539,731	305,223	28,687	1,873,641
Additions	41,690	-	-	41,690
Disposals	(234,149 )	(105,567 )	-	(339,716 )

As at 30 December 2024	1,347,272	199,656	28,687	1,575,615

Depreciation
As at 31 December 2023	652,234	150,755	25,146	828,135
Provided during the period	63,355	16,500	1,581	81,436
Disposals	(83,605 )	(76,857 )	-	(160,462 )

As at 30 December 2024	631,984	90,398	26,727	749,109

Net Book Value
As at 30 December 2024	715,288	109,258	1,960	826,506

As at 31 December 2023	887,497	154,468	3,541	1,045,506

5. Stocks

	2024	2023
	£	£
Stock	17,638	15,330

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Access Service And Repair Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	90,299	207,927
Other debtors	97,366	62,613

	187,665	270,540
Due after more than one year
Corporation tax recoverable assets	31,430	-

	219,095	270,540

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	142,713	186,528
Trade creditors	88,265	128,723
Bank loans and overdrafts	86,557	62,482
Corporation tax	54,283	-
Other taxes and social security	141,918	65,505
Other creditors	64,404	121,529
Accruals and deferred income	4,774	4,100

	582,914	568,867

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	165,244	330,800
Bank loans	-	78,161

	165,244	408,961

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	200	200

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 31 December 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 30 December 2024
	£	£	£	£	£
Mr Stephen Riley	38,682	65,995	11,550	-	93,127

The above loan is unsecured, interest free and repayable on demand.

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