Registered Number 06999065

ACCELER LTD

Abbreviated Accounts

31 August 2016

ACCELER LTD Registered Number 06999065

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 6,434 7,794
6,434 7,794
Current assets
Debtors 4,120 -
Cash at bank and in hand 7,901 2,125
12,021 2,125
Creditors: amounts falling due within one year (22,514) (12,108)
Net current assets (liabilities) (10,493) (9,983)
Total assets less current liabilities (4,059) (2,189)
Total net assets (liabilities) (4,059) (2,189)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (5,059) (3,189)
Shareholders' funds (4,059) (2,189)
  • 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 their behalf by:
Mr J Lay, Director

ACCELER LTD Registered Number 06999065

Notes to the Abbreviated Accounts for the period ended 31 August 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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 5% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33.3% on cost

2Tangible fixed assets
£
Cost
At 1 September 2015 14,969
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2016 14,969
Depreciation
At 1 September 2015 7,175
Charge for the year 1,360
On disposals -
At 31 August 2016 8,535
Net book values
At 31 August 2016 6,434
At 31 August 2015 7,794