Automatic Access Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05211505

Automatic Access Limited

Filleted Unaudited Financial Statements

31 March 2026

Automatic Access Limited

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	5	175,100	189,681
Investments	6	206,259	136,059
		---------	---------
		381,359	325,740

Current assets

Stocks		285,621	315,872
Debtors	7	532,641	447,088
Cash at bank and in hand		12,447	42,620
		---------	---------
		830,709	805,580

Creditors: amounts falling due within one year	8	646,342	610,195
		---------	---------
Net current assets		184,367	195,385
		---------	---------
Total assets less current liabilities		565,726	521,125

Creditors: amounts falling due after more than one year	9	230,636	326,670

Provisions	( 32,486)	( 41,574)
	---------	---------
Net assets	367,576	236,029
	---------	---------

Capital and reserves

Called up share capital	10	1,734	1,506
Share premium account		424,366	293,494
Profit and loss account		( 58,524)	( 58,971)
		---------	---------
Shareholders funds		367,576	236,029
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Automatic Access Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 3 June 2026 , and are signed on behalf of the board by:

P D Ryan

Director

Company registration number: 05211505

Automatic Access Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3B Swallowfield Courtyard, Wolverhampton Road, Oldbury, West Midlands, B69 2JG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on the going concern basis with the understanding that the shareholders will continue to support the business for the foreseeable future.

Disclosure exemptions

The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% straight line
Motor vehicles	-	25% straight line
Equipment	-	33 % straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 36 (2025: 30 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2025	–	309,402	1,300	310,702
Additions	27,950	33,177	–	61,127
	--------	---------	-------	---------
At 31 March 2026	27,950	342,579	1,300	371,829
	--------	---------	-------	---------
Depreciation
At 1 April 2025	–	120,307	714	121,021
Charge for the year	3,727	71,635	346	75,708
	--------	---------	-------	---------
At 31 March 2026	3,727	191,942	1,060	196,729
	--------	---------	-------	---------
Carrying amount
At 31 March 2026	24,223	150,637	240	175,100
	--------	---------	-------	---------
At 31 March 2025	–	189,095	586	189,681
	--------	---------	-------	---------

6. Investments

	Shares in associated company
	£
Cost
At 1 April 2025	136,059
Additions	70,200
	---------
At 31 March 2026	206,259
	---------
Impairment
At 1 April 2025 and 31 March 2026	–
	---------

Carrying amount
At 31 March 2026	206,259
	---------
At 31 March 2025	136,059
	---------

At the start of the year, Automatic Access Limited held 22 ordinary F shares in Portal UK Automatic Door Service and Maintenance Limited and 24 B Ordinary shares, a company registered in England and Wales.

On 25 September 2025, Automatic Access Limited acquired a further 228 ordinary shares in Portal UK Automatic Door Service and Maintenance Limited.

The investment in Portal UK Automatic Door Service and Maintenance Limited has been reclassified to "Shares in Associated Company" at the year end.

7. Debtors

	2026	2025
	£	£
Trade debtors	437,645	365,560
Amounts owed by related parties	88,106	74,122
Prepayments and accrued income	5,500	7,406
Other debtors	1,390	–
	---------	---------
	532,641	447,088
	---------	---------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	253,894	376,603
Accruals and deferred income	3,600	1,800
Social security and other taxes	168,307	72,892
Obligations under finance leases and hire purchase contracts	60,368	48,539
Amounts due to invoice discounter	127,022	96,251
Other creditors	33,151	14,110
	---------	---------
	646,342	610,195
	---------	---------

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Amounts owed to related parties	88,456	179,584
Obligations under finance leases and hire purchase contracts	142,180	147,086
	---------	---------
	230,636	326,670
	---------	---------

10. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	1,734	1,734	1,506	1,506
	-------	-------	-------	-------

On 25 September 2025, loans held by related parties of £130,872 were converted into 228 ordinary shares with a par value of £1 and a share premium of £130,644.

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	7,819	12,438
Later than 1 year and not later than 5 years	3,673	11,492
	--------	--------
	11,492	23,930
	--------	--------

12. Related party transactions

Alimet Fabrications Limited During the year the company invoiced net sales of £7,276 and received net purchases of £176,270. from Alimet Fabrications Limited, a company with common directors and shareholders. At the year end there was a balance owed of £56,350 and a balance of £23,000 included within amounts owed by related parties. Alston Property Investments Limited Alston Property Investments Limited has a shareholding in the company and at the year end there was a balance of £16,650 included within amounts owed to related parties. Diack Limited During the year the company invoiced sales of £nil to Diack Limited, a company with common beneficial owners. There were no outstanding balances due to / from the company at the year end. Etag Gate Services Limited Etag Gate Services Limited is a company with common directors and beneficial owners. At the year end there was a balance of £13,000 included within amounts owed by related parties. HC Estates Limited HC Estates Limited has a shareholding in the company and at the year end there was a balance of £47,500 included within amounts owed to related parties. P D Ryan Limited During the year the company received net purchases of £nil from P D Ryan Limited a company with common beneficial owners with a shareholding in the business, at the year end there was a a balance of £3,906 included within amounts owed to related parties. Portal UK Systems Limited During the year the company received net purchases of £100,993. from Portal UK Systems Limited, an associated company with common directors. At the year end there was a balance owed of £46,775. Strand Hardware Limited During the year the company received net purchases of £1,943. from Strand Hardware Limited, an associated company with common beneficial owners. At the year end there was a balance of £34,386 included within trade creditors and £20,000 included within amounts owed by related parties.