ACCESS & VISION (MIDLANDS) LIMITED
|
Registered Number
:
08051142
|
For the year ended 30 April 2020
England and Wales
Unaudited Financial Statements
ACCESS & VISION (MIDLANDS) LIMITED
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
868
1,157
2
868
1,157
Trade and other receivables
|
37,075
2,772
3
24,692
Cash and cash equivalents
|
44,101
46,873
61,767
Trade and other payables
:
amounts falling due within one
|
year
|
(18,956)
(10,157)
4
42,811
36,716
Net current assets
Total assets less current liabilities
|
37,584
43,968
(165)
(220)
Provisions for liabilities
|
37,419
Net assets
43,748
2
2
37,417
43,746
37,419
43,748
Shareholders' funds
For the year ended 30 April 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 03 September 2020 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 30 April 2020
ACCESS & VISION (MIDLANDS) LIMITED
Notes to the Financial Statements
Statutory Information
ACCESS
&
VISION
(
MIDLANDS
)
LIMITED is a private limited company
,
limited by shares
,
domiciled in England and
|
Wales
,
registration number
08051142
.
|
18 Pamphlett Way
Wychbold
Droitwich
Worcestershire
WR9 7PJ
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Fixtures and fittings
Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
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For the year ended 30 April 2020
ACCESS & VISION (MIDLANDS) LIMITED
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
3,683
3,683
Provision for depreciation and impairment
|
2,526
Charge for year
289
2,815
868
1,157
3
.
Trade and other receivables
|
2019
2020
2,772
37,075
4
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
75
2,071
Taxation and social security
|
8,294
13,990
Accruals and deferred income
|
905
885
Directors
'
loan accounts
|
883
2,010
10,157
18,956
5
.
Related party transactions
|
The ultimate controlling party during the year was Mark Bradley
,
director
,
whom controls the company by virtue of
|
owning
100
%
of the share capital
.
|
6
.
Average number of persons employed
|
During the year the average number of employees was 2 (2019 : 2)
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