Registered number: 03493915
ACCESS COMPUTERS AND SOFTWARE LIMITED
REPORT AND ACCOUNTS
FOR THE YEAR ENDED
31 JANUARY 2018
ACCESS COMPUTERS AND SOFTWARE LIMITED
REGISTERED NUMBER: 03493915
BALANCE SHEET
as at 31 January 2018
Notes 2018 2017
£ £
FIXED ASSETS
Tangible assets 3 11,353 13,611
CURRENT ASSETS
Stocks 700 700
Debtors 4 62,541 57,223
Cash at bank and in hand 2,468 26,990
65,709 84,913
CREDITORS: amounts falling due within one year 5 (11,894) (21,966)
NET CURRENT ASSETS 53,815 62,947
NET ASSETS 65,168 76,558
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 65,068 76,458
SHAREHOLDERS' FUNDS 65,168 76,558
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.
The 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Ashford
Director
Approved by the board on 24 September 2018
ACCESS COMPUTERS AND SOFTWARE LIMITED
NOTES TO THE ACCOUNTS
for the year ended 31 January 2018
1 ACCOUNTING POLICIES
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A small entities.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery various depreciation rates
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 EMPLOYEES 2018 2017
Number Number
Average number of persons employed by the company 3 5
3 TANGIBLE FIXED ASSETS
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2017 29,824 71,172 100,996
Additions 1,150 - 1,150
At 31 January 2018 30,974 71,172 102,146
Depreciation
At 1 February 2017 23,122 64,263 87,385
Charge for the year 1,682 1,726 3,408
At 31 January 2018 24,804 65,989 90,793
Net book value
At 31 January 2018 6,170 5,183 11,353
At 31 January 2017 6,702 6,909 13,611
4 DEBTORS 2018 2017
£ £
Trade debtors 62,097 56,729
Other debtors 444 494
62,541 57,223
5 CREDITORS: amounts falling due within one year 2018 2017
£ £
Corporation tax 3,427 8,714
Other taxes and social security costs 5,797 6,785
Other creditors 2,670 6,467
11,894 21,966
6 RELATED PARTY TRANSACTIONS
During the year Mr R Ashford and Mrs K Ashford received dividends of £26,000 (2017: £22,800).

At the balance sheet date the company owed the directors £1,570 (2017: £5,185), this amount was unsecured, interest free and no fixed repayment date.
7 CONTROLLING PARTY
The controlling party is Mr R Ashford.
8 OTHER INFORMATION
Access Computers And Software Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suffolk House
44 Burntwood Road
Hammerwich
Burntwood
WS7 0JG
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