Registered number
05160009
Access Products Limited
Abbreviated Accounts
30 June 2013
Access Products Limited
Report to the directors on the preparation of the unaudited abbreviated accounts of Access Products Limited for the year ended 30 June 2013
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Access Products Limited for the year ended 30 June 2013 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
DSN Accountants Ltd
Chartered Certified Accountants
Top Corner Offices 1 & 2
Market Street
Penkridge
Staffordshire
ST19 5TQ
27 August 2013
Access Products Limited
Registered number: 05160009
Abbreviated Balance Sheet
as at 30 June 2013
Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 474 632
Current assets
Debtors 15,529 4,875
Cash at bank and in hand 4,787 1,961
20,316 6,836
Creditors: amounts falling due within one year (15,206) (6,621)
Net current assets 5,110 215
Net assets 5,584 847
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 5,583 846
Shareholders' funds 5,584 847
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 27 August 2013
Access Products Limited
Notes to the Abbreviated Accounts
for the year ended 30 June 2013
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 2012 790
At 30 June 2013 790
Depreciation
At 1 July 2012 158
Charge for the year 158
At 30 June 2013 316
Net book value
At 30 June 2013 474
At 30 June 2012 632
3 Share capital Nominal 2013 2013 2012
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
5 Ultimate controlling party
The company is controlled by Mrs S Crump who owns 100% of the issued share capital.
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