Abbreviated Company Accounts - FIRST ACCESS LIMITED

04337441 FIRST ACCESS LIMITED 2013-11-30 false 2012-12-01 2013-11-30 true 04337441 2012-12-01 2013-11-30 04337441 2013-11-30 04337441 2012-11-30 04337441 uk-gaap-cd-bus:Director1 2012-12-01 2013-11-30 04337441 uk-gaap-cd-bus:Director2 2012-12-01 2013-11-30 uk-gaap-cd-bus:Director3 2012-12-01 2013-11-30 uk-gaap-cd-bus:Director3 2013-11-30 uk-gaap-cd-bus:Director3 2012-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-01 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-30 iso4217:GBP shares

Registered Number 04337441

FIRST ACCESS LIMITED

Abbreviated Accounts

30 November 2013

FIRST ACCESS LIMITED Registered Number 04337441

Abbreviated Balance Sheet as at 30 November 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	17,726	5,486
		17,726	5,486
Current assets
Stocks		16,443	20,644
Debtors		88,870	84,885
Cash at bank and in hand		54,199	40,451
		159,512	145,980
Creditors: amounts falling due within one year		(114,964)	(78,591)
Net current assets (liabilities)		44,548	67,389
Total assets less current liabilities		62,274	72,875
Creditors: amounts falling due after more than one year		(10,723)	0
Provisions for liabilities		(3,545)	(1,097)
Total net assets (liabilities)		48,006	71,778
Capital and reserves
Called up share capital	3	102	102
Profit and loss account		47,904	71,676
Shareholders' funds		48,006	71,778

For the year ending 30 November 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 2 October 2014

And signed on their behalf by:
Paul Heathcote, Director

FIRST ACCESS LIMITED Registered Number 04337441

Notes to the Abbreviated Accounts for the period ended 30 November 2013

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less the estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery 33% Straight line

Valuation information and policy
Stock is valued at the lower of cost and net realisable value

Other accounting policies
Deferred taxation is provided in full respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted

2Tangible fixed assets

	£
Cost
At 1 December 2012	43,448
Additions	20,480
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2013	63,928
Depreciation
At 1 December 2012	37,962
Charge for the year	8,240
On disposals	-
At 30 November 2013	46,202
Net book values
At 30 November 2013	17,726
At 30 November 2012	5,486

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
102 Ordinary shares of £1 each	102	102

4Transactions with directors

Name of director receiving advance or credit:	Paul A Heathcote
Description of the transaction:	Loan
Balance at 1 December 2012:	£ 13,417
Advances or credits made:	-
Advances or credits repaid:	£ 13,417
Balance at 30 November 2013:	£ 0