IRIS Accounts Production v21.2.0.376 11037535 Board of Directors 1.1.20 31.12.20 31.12.20 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 11037535 2019-12-31 11037535 2020-12-31 11037535 2020-01-01 2020-12-31 11037535 2018-10-31 11037535 2018-11-01 2019-12-31 11037535 2019-12-31 11037535 ns16:EnglandWales 2020-01-01 2020-12-31 11037535 ns15:PoundSterling 2020-01-01 2020-12-31 11037535 ns11:Director1 2020-01-01 2020-12-31 11037535 ns11:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31 11037535 ns11:SmallEntities 2020-01-01 2020-12-31 11037535 ns11:AuditExempt-NoAccountantsReport 2020-01-01 2020-12-31 11037535 ns11:SmallCompaniesRegimeForDirectorsReport 2020-01-01 2020-12-31 11037535 ns11:SmallCompaniesRegimeForAccounts 2020-01-01 2020-12-31 11037535 ns11:FullAccounts 2020-01-01 2020-12-31 11037535 ns11:Director2 2020-01-01 2020-12-31 11037535 ns11:CompanySecretary1 2020-01-01 2020-12-31 11037535 ns11:RegisteredOffice 2020-01-01 2020-12-31 11037535 ns6:CurrentFinancialInstruments 2020-12-31 11037535 ns6:CurrentFinancialInstruments 2019-12-31 11037535 ns6:ShareCapital 2020-12-31 11037535 ns6:ShareCapital 2019-12-31 11037535 ns6:RetainedEarningsAccumulatedLosses 2020-12-31 11037535 ns6:RetainedEarningsAccumulatedLosses 2019-12-31 11037535 ns6:PlantMachinery 2020-01-01 2020-12-31 11037535 ns6:PlantMachinery 2019-12-31 11037535 ns6:PlantMachinery 2020-12-31 11037535 ns6:PlantMachinery 2019-12-31 11037535 ns6:CurrentFinancialInstruments ns6:WithinOneYear 2020-12-31 11037535 ns6:CurrentFinancialInstruments ns6:WithinOneYear 2019-12-31
REGISTERED NUMBER: 11037535 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

ACCESS FINANCE LIMITED

ACCESS FINANCE LIMITED (REGISTERED NUMBER: 11037535)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ACCESS FINANCE LIMITED

COMPANY INFORMATION
for the year ended 31 December 2020







DIRECTORS: E J Bracey
Ms I Bwerinofa





SECRETARY:





REGISTERED OFFICE: 4 Comet House
Calleva Park
Aldermaston
Berkshire
RG7 8JA





REGISTERED NUMBER: 11037535 (England and Wales)





ACCOUNTANTS: Durrants - Calleva
Accountants and Tax Advisors
4 Comet House
Calleva Park
Aldermaston
Berkshire
RG7 8JA

ACCESS FINANCE LIMITED (REGISTERED NUMBER: 11037535)

BALANCE SHEET
31 December 2020

31/12/20 31/12/19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,511 3,577

CURRENT ASSETS
Debtors 5 808,044 792,448
Cash at bank 401,905 16,702
1,209,949 809,150
CREDITORS
Amounts falling due within one year 6 1,449,103 880,050
NET CURRENT LIABILITIES (239,154 ) (70,900 )
TOTAL ASSETS LESS CURRENT LIABILITIES (216,643 ) (67,323 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (216,743 ) (67,423 )
(216,643 ) (67,323 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2021 and were signed on its behalf by:




E J Bracey - Director


ACCESS FINANCE LIMITED (REGISTERED NUMBER: 11037535)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2020

1. STATUTORY INFORMATION

Access Finance Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 1 ) .

ACCESS FINANCE LIMITED (REGISTERED NUMBER: 11037535)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2020

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2020 3,700
Additions 24,562
At 31 December 2020 28,262
DEPRECIATION
At 1 January 2020 123
Charge for year 5,628
At 31 December 2020 5,751
NET BOOK VALUE
At 31 December 2020 22,511
At 31 December 2019 3,577

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/20 31/12/19
£    £   
Amounts owed by group undertakings 791,800 791,800
Other debtors 16,244 648
808,044 792,448

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/20 31/12/19
£    £   
Trade creditors 157,064 20,633
Amounts owed to group undertakings 1,292,039 859,417
1,449,103 880,050