Company Registration No. 12671745 (England and Wales)
Accelerate Ne Business Ltd
Unaudited accounts
for the year ended 30 June 2023
Accelerate Ne Business Ltd
Unaudited accounts
Contents
Accelerate Ne Business Ltd
Company Information
for the year ended 30 June 2023
Company Number
12671745 (England and Wales)
Registered Office
Portland House
Belmont Business Park
Durham
Durham
DH1 1TW
England
Accountants
Abacus Jack Ltd
New Century House
Crowther Road
Washington
Tyne and Wear
NE38 0QA
Accelerate Ne Business Ltd
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
4,588
9,958
Creditors: amounts falling due within one year
(4,782)
(4,064)
Net current assets
6,306
8,894
Called up share capital
100
100
Profit and loss account
6,288
9,824
Shareholders' funds
6,388
9,924
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 March 2024 and were signed on its behalf by
Rory Whaling
Director
Company Registration No. 12671745
Accelerate Ne Business Ltd
Notes to the Accounts
for the year ended 30 June 2023
Accelerate Ne Business Ltd is a private company, limited by shares, registered in England and Wales, registration number 12671745. The registered office is Portland House, Belmont Business Park, Durham, Durham, DH1 1TW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight Line
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accelerate Ne Business Ltd
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,771
2,491
Loans from directors
771
1,333
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).