Accelerate Productions Ltd

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 05026768

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	6		-		620

			-		620
CURRENT ASSETS
Debtors	7	7,275		-
Cash at bank and in hand		14,760		15,266

		22,035		15,266
Creditors: Amounts Falling Due Within One Year	8	(9,859 )		(10,018 )

NET CURRENT ASSETS (LIABILITIES)			12,176		5,248

TOTAL ASSETS LESS CURRENT LIABILITIES			12,176		5,868

NET ASSETS			12,176		5,868

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and loss account			12,076		5,768

SHAREHOLDERS' FUNDS			12,176		5,868

Page 1

Balance Sheet (continued)

As at 31 January 2017

For the year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account

On behalf of the board

Mr Kwame A Knight

23 October 2017

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures Fittings & Equipment

25% straight line

1.4. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

4. Average number of employees

Average number of employees, including directors, during the year was as follows:

	2017	2016
Office and administration	1	1

	1	1

6. Tangible Assets


	Fixtures Fittings & Equipment
	£
Cost
As at 1 February 2016	3,194

As at 31 January 2017	3,194

Depreciation
As at 1 February 2016	2,574
Provided during the period	620

As at 31 January 2017	3,194

Net Book Value
As at 31 January 2017	-

As at 1 February 2016	620

Page 3

Accelerate Productions Ltd

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 January 2017

7. Debtors

	2017	2016
	£	£
Due within one year
Trade debtors	7,275	-

	7,275	-

8. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Trade creditors	(802 )	-
Bank loans and overdrafts	1,049	1,245
Corporation tax	4,729	852
Other taxes and social security	4,592	7,224
Director's loan account	291	697

	9,859	10,018

9. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.00	100	100	100

10. Transactions With and Loans to Directors

Dividends paid to directors

11. Dividends

	2017	2016
	£	£
On equity shares:
Final dividend paid	12,000	7,940

	12,000	7,940

12. Ultimate Controlling Party

The company's ultimate controlling party is Mr Kwame A Knight by virtue of his ownership of 100% of the issued share capital in the company.

13. General Information

Accelerate Productions Ltd Registered number 05026768 is a limited by shares company incorporated in England & Wales. The Registered Office is 374 Ley Street, Ilford, Essex, IG1 4AE.