Registered number
05160009
Access Products Limited
Abbreviated Accounts
30 June 2016
Access Products Limited
Registered number: 05160009
Abbreviated Balance Sheet
as at 30 June 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 (316) -
Current assets
Stocks 15,271 41,588
Debtors 72,893 39,314
Cash at bank and in hand - 4,059
88,164 84,961
Creditors: amounts falling due within one year (86,587) (75,056)
Net current assets 1,577 9,905
Net assets 1,261 9,905
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 1,260 9,904
Shareholders' funds 1,261 9,905
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mrs S Crump
Director
Approved by the board on 15 August 2017
Access Products Limited
Notes to the Abbreviated Accounts
for the year ended 30 June 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Office Equipment 20% straight line
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Tangible fixed assets £
Cost
At 1 July 2015 790
At 30 June 2016 790
Depreciation
At 1 July 2015 790
Charge for the year 316
At 30 June 2016 1,106
Net book value
At 30 June 2016 (316)
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
4 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Sarah Crump
Owed to/(from) director (837) 1,133 - 296
(837) 1,133 - 296
4 Ultimate controlling party
The company is controlled by Mrs S Crump who owns 100% of the issued share capital.
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