REGISTERED NUMBER: 04458547 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017

FOR

ACCALON ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

Mr W R M Lloyd

SECRETARY:

Mr G Hunt

REGISTERED OFFICE:

Unit 2a

Hockliffe Business Park

Watling Street

Hockliffe

Bedfordshire

LU7 9NB

REGISTERED NUMBER:

04458547 (England and Wales)

ACCOUNTANTS:

Graham Hunt & Co.

Unit 15 Hockliffe Business Pk.

Watling Street

Hockliffe

Bedfordshire

LU7 9NB

FIXED ASSETS

Intangible assets

4

60,000

70,000

Tangible assets

5

1,807

2,077

Investments

6

61,771

48,054

123,578

120,131

CURRENT ASSETS

Cash at bank and in hand

15,296

24,780

CREDITORS

Amounts falling due within one year

7

34,223

53,003

NET CURRENT LIABILITIES

(18,927

)

(28,223

)

TOTAL ASSETS LESS CURRENT LIABILITIES

104,651

91,908

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

104,650

91,907

SHAREHOLDERS' FUNDS

104,651

91,908

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

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

The director acknowledges his 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 31 January 2018 and were signed by:

Mr W R M Lloyd - Director

1.	STATUTORY INFORMATION

Accalon Associates Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

and 30 April 2017

200,000

AMORTISATION

At 1 May 2016

130,000

Amortisation for year

10,000

At 30 April 2017

140,000

NET BOOK VALUE

At 30 April 2017

60,000

At 30 April 2016

70,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2016

1,910

5,302

7,212

Additions

-

329

329

At 30 April 2017

1,910

5,631

7,541

DEPRECIATION

At 1 May 2016

1,865

3,270

5,135

Charge for year

9

590

599

At 30 April 2017

1,874

3,860

5,734

NET BOOK VALUE

At 30 April 2017

36

1,771

1,807

At 30 April 2016

45

2,032

2,077

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

30.4.17

30.4.16

£

£

Other Investments

61,771

48,054

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

1

-

Taxation and social security

3,423

4,101

Other creditors

30,799

48,902

34,223

53,003

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Accalon Associates Limited for the year ended 30 April 2017 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Accalon Associates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Accalon Associates Limited and state those matters that we have agreed to state to the director of Accalon Associates Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Accalon Associates Limited and its director for our work or for this report.

It is your duty to ensure that Accalon Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Accalon Associates Limited. You consider that Accalon Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Accalon Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Graham Hunt & Co.

Unit 15 Hockliffe Business Pk.

Watling Street

Hockliffe

Bedfordshire

LU7 9NB

31 January 2018