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REGISTERED NUMBER: 05670986 (England and Wales)















ACCELERO DIGITAL SOLUTIONS LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2018






ACCELERO DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 05670986)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ACCELERO DIGITAL SOLUTIONS LIMITED

Company Information
for the Year Ended 31 March 2018







DIRECTORS: Brodies Secretarial Services Limited
S P Gosling
M C Hirst





REGISTERED OFFICE: Utilihouse East Terrace
Euxton Lane
Chorley
Lancashire
PR7 6TE





REGISTERED NUMBER: 05670986 (England and Wales)





ACCOUNTANTS: O'Brien & Partners
Chartered Accountants
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

ACCELERO DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 05670986)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £   
FIXED ASSETS
Intangible assets 4 369,825 205,694
Tangible assets 5 7,772 25,913
377,597 231,607

CURRENT ASSETS
Debtors 6 371,662 380,219
Cash at bank and in hand 46,247 52,570
417,909 432,789
CREDITORS
Amounts falling due within one year 7 (577,145 ) (641,751 )
NET CURRENT LIABILITIES (159,236 ) (208,962 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,361

22,645

PROVISIONS FOR LIABILITIES (64,191 ) (38,168 )
NET ASSETS/(LIABILITIES) 154,170 (15,523 )

CAPITAL AND RESERVES
Called up share capital 1,600 1,600
Retained earnings 152,570 (17,123 )
SHAREHOLDERS' FUNDS 154,170 (15,523 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 6 August 2018 and were signed on its behalf by:





S P Gosling - Director


ACCELERO DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 05670986)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Accelero Digital Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover represents net invoiced sales of goods and services from ordinary activities, excluding value added tax.

Revenue is recognised when services have been provided. It is recognised at the fair value of the consideration received or
receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013. It has been amortised in full.

Intangible assets
Intangible assets consist of development costs. These are held at cost and amortised over the period the company expects to
derive economic benefit from them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 50% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that
it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted
or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

ACCELERO DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 05670986)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research is written off against profits in the year in which it is incurred. Development costs that are directly
attributable to the design and testing of identifiable and unique products controlled by the Company are recognised as
intangible assets when the following criteria are met:

-It is technically feasible to complete the software so that it will be available for use;
-Management intends to complete the software and use of sell it;
-There is an ability to use or sell the software;
-It can be demonstrated how the software will generate probable future economic benefits;
-Adequate technical, financial and other recourses to complete the development and to use or sell the software are
available; and
-The expenditure attributable to the software during its development and be reliability measured.

Other development expenditures that so not meet these criteria are recognised as an expense as incurred. Development costs
previously recognised as an expense are not recognised as an asset in a subsequent period.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over
their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the
future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to profit or loss in the period to which they relate.

Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over
the expected useful lives of the assets. Grants towards revenue expenditure are released to the profit and loss account as the
related expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2017 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Development
Goodwill costs Totals
£    £    £   
COST
At 1 April 2017 6,100 218,377 224,477
Additions - 228,627 228,627
At 31 March 2018 6,100 447,004 453,104
AMORTISATION
At 1 April 2017 6,100 12,683 18,783
Amortisation for year - 64,496 64,496
At 31 March 2018 6,100 77,179 83,279
NET BOOK VALUE
At 31 March 2018 - 369,825 369,825
At 31 March 2017 - 205,694 205,694

ACCELERO DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 05670986)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2017
and 31 March 2018 18,415 32,342 85,282 136,039
DEPRECIATION
At 1 April 2017 18,415 32,342 59,369 110,126
Charge for year - - 18,141 18,141
At 31 March 2018 18,415 32,342 77,510 128,267
NET BOOK VALUE
At 31 March 2018 - - 7,772 7,772
At 31 March 2017 - - 25,913 25,913

6. DEBTORS
31.3.18 31.3.17
£    £   
Amounts falling due within one year:
Trade debtors 345,659 340,369
Other debtors 26,003 10,291
371,662 350,660

Amounts falling due after more than one year:
Other debtors - 29,559

Aggregate amounts 371,662 380,219

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Bank loans and overdrafts 520 -
Hire purchase contracts 13,927 25,036
Trade creditors 9,936 30,048
Amounts owed to group undertakings 302,143 321,645
Taxation and social security 77,926 68,762
Other creditors 172,693 196,260
577,145 641,751

8. SECURED DEBTS

Goldman Sachs Specialty Lending Group, L.P hold a fixed charge over the domain names associated with the company and
a floating charge over all the property or undertaking of the company.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, personal guarantees of £30,000 were in place from the directors Mr K Jones and Mr R Gaze to secure the bank overdraft facility .

ACCELERO DIGITAL SOLUTIONS LIMITED (REGISTERED NUMBER: 05670986)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly
owned subsidiaries within the group.