REGISTERED NUMBER: SC222849 (Scotland)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

ACCELERATE CORPORATION LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

B Thomson

REGISTERED OFFICE:

Homelea House

Faith Avenue

Quarriers Village

Bridge of Weir

Renfrewshire

PA11 3SX

REGISTERED NUMBER:

SC222849 (Scotland)

ACCOUNTANTS:

Cheetham & Co

Chartered Accountants

Homelea House

Faith Avenue

Quarriers Village

Bridge of Weir

Renfrewshire

PA11 3TF

CURRENT ASSETS

Cash at bank

4,526

2,437

CREDITORS

Amounts falling due within one year

(25,780

)

(2,398

)

NET CURRENT (LIABILITIES)/ASSETS

(21,254

)

39

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,254

)

39

CAPITAL AND RESERVES

Called up share capital

2

24,075

24,075

Profit and loss account

(45,329

)

(24,036

)

SHAREHOLDERS' FUNDS

(21,254

)

39

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 16 June 2017 and were signed by:

B Thomson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts of been prepared on a going concern basis which assumes that the company will have adequate

resources to fund its future operations and and obligations.

At the balance sheet date there was an amount due from the company to the director amounting to £22,564.

The director has indicated that he will continue to support the company for the foreseeable future.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

24,075

Ordinary Shares

£1

24,075

24,075

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date there was an amount due from the company to the director amounting to £22,564.

The loan, which is included within other creditors note 4, is interest free and repayable on demand.