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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
Page
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Accelerate Ne Business Ltd Company Information for the year ended 30 June 2023
Director
Rory Whaling
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
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Accelerate Ne Business Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
82 
1,030 
Current assets
Debtors
6,500 
3,000 
Cash at bank and in hand
4,588 
9,958 
11,088 
12,958 
Creditors: amounts falling due within one year
(4,782)
(4,064)
Net current assets
6,306 
8,894 
Net assets
6,388 
9,924 
Capital and reserves
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
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Accelerate Ne Business Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 July 2022
2,450 
At 30 June 2023
2,450 
Depreciation
At 1 July 2022
1,420 
Charge for the year
948 
At 30 June 2023
2,368 
Net book value
At 30 June 2023
82 
At 30 June 2022
1,030 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,500 
3,000 
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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 
Accruals
240 
240 
4,782 
4,064 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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