UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

FOR

ACCEL CONSULTING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G R Chatfield

SECRETARY:

Mrs B Chatfield

REGISTERED OFFICE:

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

REGISTERED NUMBER:

04546108 (England and Wales)

FIXED ASSETS

Tangible assets

4

467,728

481,481

CURRENT ASSETS

Debtors

5

27,999

45,204

Cash at bank and in hand

1,407

11,380

29,406

56,584

CREDITORS

Amounts falling due within one year

6

(155,665

)

(215,047

)

NET CURRENT LIABILITIES

(126,259

)

(158,463

)

TOTAL ASSETS LESS CURRENT LIABILITIES

341,469

323,018

CREDITORS

Amounts falling due after more than one year

7

(309,758

)

(323,196

)

PROVISIONS FOR LIABILITIES

10

(836

)

(1,711

)

NET ASSETS/(LIABILITIES)

30,875

(1,889

)

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

30,775

(1,989

)

SHAREHOLDERS' FUNDS

30,875

(1,889

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29 September 2017 and were signed by:

G R Chatfield - Director

1.	STATUTORY INFORMATION

Accel Consulting 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 the 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.

The impact on the financial statements from transition to FRS 102 has been disclosed in the notes to the financial

statements.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates and

these estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates

are recognised in the period in which the estimate is revised if the revision affects only that period, or in the

period of the revision and future periods if the revision affects both current and future periods.

The items in the financial statements where these judgements and estimates have been made include the useful

economic life of tangible fixed assets, the depreciation of these assets, provisions and the recoverability of

debtors.

Turnover

Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts.

Revenue from the sale of services is recognised at the point of supply.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost

includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

economic life.

Freehold property

-

straight line over 50 years

Plant & machinery

-

25% on cost

Fixtures & fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of

the entity after deducting all of its financial liabilities.

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.

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.

Impairment

The company's accounts have been prepared on a going concern basis as the director has confirmed ongoing

support for the company and will not seek repayment of his loan until cash flows have improved. This will allow

the company to continue to trade for the foreseeable future.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue in existence for

the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its

financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2016 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 July 2016

480,079

5,265

6,078

Additions

-

-

478

At 30 June 2017

480,079

5,265

6,556

DEPRECIATION

At 1 July 2016

7,154

5,265

3,211

Charge for year

9,602

-

1,312

At 30 June 2017

16,756

5,265

4,523

NET BOOK VALUE

At 30 June 2017

463,323

-

2,033

At 30 June 2016

472,925

-

2,867

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2016

18,950

13,247

523,619

Additions

-

183

661

At 30 June 2017

18,950

13,430

524,280

DEPRECIATION

At 1 July 2016

17,371

9,137

42,138

Charge for year

1,579

1,921

14,414

At 30 June 2017

18,950

11,058

56,552

NET BOOK VALUE

At 30 June 2017

-

2,372

467,728

At 30 June 2016

1,579

4,110

481,481

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

27,872

45,204

Other debtors

127

-

27,999

45,204

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts (see note 8)

13,262

12,814

Trade creditors

16,424

14,943

Taxation and social security

43,735

36,510

Other creditors

82,244

150,780

155,665

215,047

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans (see note 8)

309,758

323,196

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

236,268

267,367

8.

LOANS

An analysis of the maturity of loans is given below:

2017

2016

£

£

Amounts falling due within one year or on demand:

Bank loans

13,262

12,814

Amounts falling due between one and two years:

Bank loans - 1-2 years

27,911

13,256

Amounts falling due between two and five years:

Bank loans - 2-5 years

45,579

42,573

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

236,268

267,367

9.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Commercial mortgage

323,020

336,010

The company's Bankers have a fixed charge over the freehold property.

10.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

836

1,711

Deferred

tax

£

Balance at 1 July 2016

1,711

Accelerated capital allowances

(875

)

Balance at 30 June 2017

836

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100

12.	FIRST YEAR ADOPTION

The policies applied under the entity's previous accounting framework are not materially different to FRS102 and

have not impacted on equity or profit or loss.