Registered number
04142171
ACCELERATOR ENTERTAINMENTS LTD
Filleted Accounts
31 December 2016
ACCELERATOR ENTERTAINMENTS LTD
Registered number: 04142171
Balance Sheet
as at 31 December 2016
Notes 2016 2015
£ £
Net current assets - -
Total assets less current liabilities - -
Creditors: amounts falling due after more than one year 2 (35,181) (35,181)
Net liabilities (35,181) (35,181)
Capital and reserves
Called up share capital 3 3
Profit and loss account (35,184) (35,184)
Shareholder's funds (35,181) (35,181)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T A Croxford
Director
Approved by the board on 8 September 2017
ACCELERATOR ENTERTAINMENTS LTD
Notes to the Accounts
for the year ended 31 December 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Creditors: amounts falling due after one year 2016 2015
£ £
Other creditors 35,181 35,181
3 Other information
ACCELERATOR ENTERTAINMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
Woodhill House
Woodhill House
Send
Surrey
ACCELERATOR ENTERTAINMENTS LTD 04142171 false 2016-01-01 2016-12-31 2016-12-31 VT Final Accounts June 2017 T A Croxford No description of principal activity 04142171 core:AfterOneYear 2015-12-31 04142171 core:ShareCapital 2015-12-31 04142171 core:RetainedEarningsAccumulatedLosses 2015-12-31 04142171 2016-01-01 2016-12-31 04142171 bus:EntityNoLongerTradingButTradedInPast 2016-01-01 2016-12-31 04142171 bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 04142171 bus:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 04142171 bus:Director40 2016-01-01 2016-12-31 04142171 1 2016-01-01 2016-12-31 04142171 2 2016-01-01 2016-12-31 04142171 countries:England 2016-01-01 2016-12-31 04142171 bus:FRS102 2016-01-01 2016-12-31 04142171 bus:FullAccounts 2016-01-01 2016-12-31 04142171 2016-12-31 04142171 core:AfterOneYear 2016-12-31 04142171 core:ShareCapital 2016-12-31 04142171 core:RetainedEarningsAccumulatedLosses 2016-12-31 04142171 2015-12-31 iso4217:GBP