Acceleration (Elan) Limited 01223633 false true 2015-09-01 2016-08-31 2016-08-31 01223633 2015-09-01 2016-08-31 01223633 2016-08-31 01223633 uk-bus:OrdinaryShareClass1 2016-08-31 01223633 uk-bus:Director1 2015-09-01 2016-08-31 01223633 uk-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 01223633 2015-08-31 01223633 2015-08-31 01223633 uk-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP xbrli:shares

Registration number: 01223633

Acceleration (Elan) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016
 

 

Acceleration (Elan) Limited
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

 

Acceleration (Elan) Limited
(Registration number: 01223633)
Abbreviated Balance Sheet at 31 August 2016

   

Note

    

2016
£

    

2015
£

  

Current assets

  

             

Cash at bank and in hand

  

   

2

   

2

 

Creditors: Amounts falling due within one year

  

   

(8,470)

   

(7,490)

 

Net liabilities

  

   

(8,468)

   

(7,488)

 

Capital and reserves

  

             

Called up share capital

 

2

   

1

   

1

 

Profit and loss account

  

   

(8,469)

   

(7,489)

 

Shareholders' deficit

  

   

(8,468)

   

(7,488)

 

For the year ending 31 August 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 24 May 2017 and signed on its behalf by:


 Mrs C Fletcher
 Director

The notes on page 2 form an integral part of these financial statements.
Page 1

 

Acceleration (Elan) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 the net invoiced value of sales of goods and services, excluding value added tax. Income is recognised when an invoice is raised.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £0.01 each

 

100

   

1

   

100

   

1

 
                         

3

Control

The company is controlled by Mrs C Fletcher and Mr J B Fletcher, by virtue of their holdings of 50% each of the issued ordinary share capital in the company.

Page 2