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REGISTERED NUMBER: 03722888 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2017

for

Acceleration Ltd

Acceleration Ltd (Registered number: 03722888)






Contents of the Financial Statements
for the Year Ended 30 June 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Acceleration Ltd

Company Information
for the Year Ended 30 June 2017







DIRECTOR: Mrs S Millard





SECRETARY: Regent Corporate Secretaries Ltd





REGISTERED OFFICE: Suite 66 Barley Mow Passage
Chiswick
London
W4 4PH





REGISTERED NUMBER: 03722888 (England and Wales)





ACCOUNTANTS: European Fiduciary Services Limited
Suite 66
10 Barley Mow Passage
Chiswick
London
W4 4PH

Acceleration Ltd (Registered number: 03722888)

Balance Sheet
30 June 2017

30.6.17 30.6.16
Notes €    €   
CURRENT ASSETS
Debtors 3 36,000 24,000
Cash at bank 2,856 3,883
38,856 27,883
CREDITORS
Amounts falling due within one year 4 (191 ) (44,481 )
NET CURRENT ASSETS 39,047 72,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,047

72,364

CAPITAL AND RESERVES
Called up share capital 5 15,000 15,000
Retained earnings 6 24,047 57,364
SHAREHOLDERS' FUNDS 39,047 72,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 21 March 2018 and were signed by:





Mrs S Millard - Director


Acceleration Ltd (Registered number: 03722888)

Notes to the Financial Statements
for the Year Ended 30 June 2017

1. STATUTORY INFORMATION

Acceleration Ltd is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Partner's profit share

Under a Partnership agreement dated 20th April 1999 Fineforce Limited of Trident Chambers, Wickhams Cay,
Tortola, British Virgin Islands is entitled to receive a profit share amounting to 95% of the net profit on al the
transactions administered on behalf of the partnership by Acceleration Ltd.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.17 30.6.16
€    €   
Trade debtors 36,000 24,000

Acceleration Ltd (Registered number: 03722888)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.17 30.6.16
€    €   
Trade creditors 1,158 11,296
Tax - 572
Other creditors (1,349 ) (56,349 )
(191 ) (44,481 )

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.6.17 30.6.16
value: €    €   
10,000 Ordinary £1 15,000 15,000

6. RESERVES
Retained
earnings
€   

At 1 July 2016 57,364
Deficit for the year (33,317 )
At 30 June 2017 24,047

7. FIRST TIME ADOPTION OF FRS 102 SECTION 1A

This is the first year in which the company has presented its results under FRS 102 section 1A. The last financial
statements prepared under UK GAAP were for the year ended 30th June 2016. The date of transition to FRS 102
section 1A was 01st July 2015. There were no adjustments arising from the first time adoption of FRS 102
section 1A.