Registered Number 06652483

ACCELERATORINDIA LIMITED

Abbreviated Accounts

31 July 2016

ACCELERATORINDIA LIMITED Registered Number 06652483

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 370 200
370 200
Current assets
Debtors 6,220 21,448
Cash at bank and in hand 587 10,278
6,807 31,726
Creditors: amounts falling due within one year (32,659) (33,299)
Net current assets (liabilities) (25,852) (1,573)
Total assets less current liabilities (25,482) (1,373)
Total net assets (liabilities) (25,482) (1,373)
Capital and reserves
Called up share capital 74 74
Share premium account 17,987 17,987
Profit and loss account (43,543) (19,434)
Shareholders' funds (25,482) (1,373)
  • For the year ending 31 July 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 April 2017

And signed on their behalf by:
Mr A P Muthirulan, Director

ACCELERATORINDIA LIMITED Registered Number 06652483

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment 33% straight line
Fixtures, fittings and equipment 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 August 2015 733
Additions 293
Disposals -
Revaluations -
Transfers -
At 31 July 2016 1,026
Depreciation
At 1 August 2015 533
Charge for the year 123
On disposals -
At 31 July 2016 656
Net book values
At 31 July 2016 370
At 31 July 2015 200