It is well known that a small ordinary category is accessible iff it is Cauchy complete (i.e. idempotents split). In this talk we prove the analogue for enriched categories: a small V-category is accessible iff it is Cauchy complete in the enriched sense. As a corollary of the proof we show that an accessible V-functor out of a locally presentable V-category is continuous iff it preserves gamma-small limits, for a determined cardinal gamma.