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COMPANY REGISTRATION NUMBER: 13404128
ACCELIGENCE UK LTD
Unaudited Financial Statements
31 May 2023
ACCELIGENCE UK LTD
Financial Statements
Year ended 31 May 2023
Contents
Page
Director's report
1
Income statement
2
Statement of financial position
3
Statement of changes in equity
4
Notes to the financial statements
5
ACCELIGENCE UK LTD
Director's Report
Year ended 31 May 2023
The director presents his report and the unaudited financial statements of the company for the year ended 31 May 2023 .
Principal activities
There was no activity of the company during the year.
Director
The director who served the company during the year was as follows:
Mr. Aristotelis Zompras
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 29 January 2024 and signed on behalf of the board by:
Mr. Aristotelis Zompras
Director
ACCELIGENCE UK LTD
Income Statement
Year ended 31 May 2023
Period from
Year to
17 May 21 to
31 May 23
31 May 22
Note
£
£
Administrative expenses
( 1,560)
( 780)
-------
----
Operating loss
( 1,560)
( 780)
-------
----
Loss before taxation
( 1,560)
( 780)
Tax on loss
-------
----
Loss for the financial year
( 1,560)
( 780)
-------
----
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
ACCELIGENCE UK LTD
Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
Current assets
Cash at bank and in hand
4,040
5,000
Creditors: amounts falling due within one year
4
1,380
780
-------
-------
Net current assets
2,660
4,220
-------
-------
Total assets less current liabilities
2,660
4,220
-------
-------
Net assets
2,660
4,220
-------
-------
Capital and reserves
Called up share capital
5,000
5,000
Profit and loss account
( 2,340)
( 780)
-------
-------
Shareholders funds
2,660
4,220
-------
-------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 January 2024 , and are signed on behalf of the board by:
Mr. Aristotelis Zompras
Director
Company registration number: 13404128
ACCELIGENCE UK LTD
Statement of Changes in Equity
Year ended 31 May 2023
Called up share capital
Profit and loss account
Total
£
£
£
At 17 May 2021
Loss for the year
( 780)
( 780)
----
----
----
Total comprehensive income for the year
( 780)
( 780)
Issue of shares
5,000
5,000
-------
----
-------
Total investments by and distributions to owners
5,000
5,000
At 31 May 2022
5,000
( 780)
4,220
Loss for the year
( 1,560)
( 1,560)
-------
-------
-------
Total comprehensive income for the year
( 1,560)
( 1,560)
-------
-------
-------
At 31 May 2023
5,000
( 2,340)
2,660
-------
-------
-------
ACCELIGENCE UK LTD
Notes to the Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 3 Raglan House 8-12 Queens Avenue, London, N10 3NR, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
180
Accruals and deferred income
780
Shareholders account
600
600
-------
----
1,380
780
-------
----