Access Systems Ireland Limited
|
Registered Number
:
NI
046145
|
For the year ended 31 May 2019
Northern Ireland
Unaudited Financial Statements
For the year ended 31 May 2019
Access Systems Ireland Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Access Systems Ireland Limited
Statement of Financial Position
2018
2019
Property
,
plant and equipment
|
138,922
129,945
2
138,922
129,945
39,267
19,450
3
Trade and other receivables
|
62,211
82,274
4
5
Cash and cash equivalents
|
48
101,772
101,483
Trade and other payables
:
amounts falling due within one
|
year
|
(92,048)
(80,782)
5
9,435
20,990
Net current assets
Total assets less current liabilities
|
159,912
139,380
Trade and other payables
:
amounts falling due after more
|
than one year
|
(20,000)
(21,106)
6
(3,461)
(1,726)
Provisions for liabilities
|
135,345
Net assets
117,654
6
6
135,339
117,648
135,345
117,654
Shareholders' funds
For the year ended 31 May 2019 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 31 May 2019 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.
|
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For the year ended 31 May 2019
Access Systems Ireland Limited
Statement of Financial Position Continued
Mr Richard Lawson Director
|
These financial statements were approved and authorised for issue by the Board on 06 August 2019 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 May 2019
Access Systems Ireland Limited
Notes to the Financial Statements
Statutory Information
Access Systems Ireland Limited is a private limited company
,
limited by shares
,
domiciled in Northern Ireland
,
|
registration number NI
046145
.
|
115 Redrock Road
Collone
Armagh
BT60 2BN
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
|
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. 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:
|
Plant and Machinery
Computer Equipment
Motor Vehicles
Furniture and Fittings
Inventories
Inventories are value 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.
|
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
|
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 31 May 2019
Access Systems Ireland Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
160,528
1,717
6,229
13,497
19,085
120,000
14,952
-
-
14,952
-
-
-
-
(1,400)
-
-
(1,400)
120,000
27,049
6,229
1,717
174,080
19,085
Provision for depreciation and impairment
|
30,583
882
5,050
12,668
11,983
-
Charge for year
5,643
125
236
3,862
1,420
-
(1,068)
-
-
(1,068)
-
-
35,158
1,007
5,286
15,462
13,403
-
120,000
5,682
11,587
943
710
138,922
120,000
7,102
829
1,179
835
129,945
2018
2019
19,450
39,267
4
.
Trade and other receivables
|
2018
2019
82,274
62,211
5
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
21,201
20,110
37,079
34,621
Taxation and social security
|
13,059
18,075
9,443
19,242
80,782
92,048
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For the year ended 31 May 2019
Access Systems Ireland Limited
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2018
2019
21,106
-
-
20,000
21,106
20,000
7
.
Average number of persons employed
|
During the year the average number of employees was 3 (2018 : 4)
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