The multi-access variant of the coded caching problem with $N$ files, $K$ users and $K$ caches, where each user has access to $L$ neighbouring caches in a cyclic wrap-around manner, is considered. A cut-set based lower bound on the optimal rate-memory trade-off of the multi-access coded caching (MACC) scheme is derived. Furthermore, an improved lower bound on the optimal rate-memory trade-off of the MACC scheme is derived using non-cut-set arguments. The improved lower bound is tighter than the previously known lower bounds for the same setting.