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Registration number: 13124669

Accelerator Hire Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Accelerator Hire Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Accelerator Hire Ltd

Company Information

Directors

Mr M Dunn

Mr R Northover

Registered office

17 Stonecot Hill
Sutton
Surrey
SM3 9HB

Accountants

DG Accountancy Services Limited
Chartered Accountants
17 Stonecot Hill
Sutton
Surrey
SM3 9HB

 

Accelerator Hire Ltd

(Registration number: 13124669)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

22,801

30,442

Current assets

 

Debtors

5

9,350

762

Cash at bank and in hand

 

23,625

25,608

 

32,975

26,370

Creditors: Amounts falling due within one year

6

(49,959)

(71,967)

Net current liabilities

 

(16,984)

(45,597)

Net assets/(liabilities)

 

5,817

(15,155)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

5,816

(15,156)

Shareholders' funds/(deficit)

 

5,817

(15,155)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 18 April 2024 and signed on its behalf by:
 

.........................................
Mr M Dunn
Director

   
     
 

Accelerator Hire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
17 Stonecot Hill
Sutton
Surrey
SM3 9HB

These financial statements were authorised for issue by the Board on 18 April 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Office equipment

33% on reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Accelerator Hire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 February 2023

38,525

653

39,178

At 31 January 2024

38,525

653

39,178

Depreciation

At 1 February 2023

8,460

276

8,736

Charge for the year

7,516

125

7,641

At 31 January 2024

15,976

401

16,377

Carrying amount

At 31 January 2024

22,549

252

22,801

At 31 January 2023

30,065

377

30,442

5

Debtors

Current

2024
£

2023
£

Trade debtors

9,350

762

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,832

-

Taxation and social security

207

13,088

Other creditors

47,920

58,879

49,959

71,967