Registered number
05160009
Access Products Limited
Abbreviated Accounts
30 June 2015
Access Products Limited
Registered number: 05160009
Abbreviated Balance Sheet
as at 30 June 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 - 316
Current assets
Debtors 39,314 25,927
Cash at bank and in hand 4,059 15,129
84,961 41,056
Creditors: amounts falling due within one year (75,056) (33,624)
Net current assets 9,905 7,432
Net assets 9,905 7,748
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 9,904 7,747
Shareholders' funds 9,905 7,748
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 March 2016
Access Products Limited
Notes to the Abbreviated Accounts
for the year ended 30 June 2015
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 2014 790
At 30 June 2015 790
Depreciation
At 1 July 2014 474
Charge for the year 316
At 30 June 2015 790
Net book value
At 30 June 2015 -
At 30 June 2014 316
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
4 Ultimate controlling party
The company is controlled by Mrs S Crump who owns 100% of the issued share capital.
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