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Company Registration No. 04123923 (England and Wales)
Accelerator Solutions Limited Unaudited accounts for the year ended 31 December 2023
Accelerator Solutions Limited Unaudited accounts Contents
Page
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Accelerator Solutions Limited Company Information for the year ended 31 December 2023
Directors
H Hopkins H Daniell
Company Number
04123923 (England and Wales)
Registered Office
18 WELLINGTON PARK CLIFTON BRISTOL BS8 2UT ENGLAND
Accountants
Vertical Consulting Ltd Chartered Accountants 18 Wellington Park Clifton Bristol BS8 2UT
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Accelerator Solutions Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
4,853 
- 
Tangible assets
5,023 
4,645 
9,876 
4,645 
Current assets
Inventories
17,860 
16,198 
Debtors
122,065 
99,306 
Cash at bank and in hand
361,421 
259,186 
501,346 
374,690 
Creditors: amounts falling due within one year
(230,378)
(169,612)
Net current assets
270,968 
205,078 
Total assets less current liabilities
280,844 
209,723 
Creditors: amounts falling due after more than one year
(13,813)
(24,841)
Provisions for liabilities
Deferred tax
(2,469)
- 
Net assets
264,562 
184,882 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
264,462 
184,782 
Shareholders' funds
264,562 
184,882 
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 24 April 2024 and were signed on its behalf by
H Hopkins Director Company Registration No. 04123923
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Accelerator Solutions Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Accelerator Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 04123923. The registered office is 18 WELLINGTON PARK, CLIFTON, BRISTOL, BS8 2UT, 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:
Fixtures & fittings
10% on cost
Computer equipment
20% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Patents and licences are amortised evenly over their estimated useful life of five years.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Accelerator Solutions Limited Notes to the Accounts for the year ended 31 December 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
13,927 
Additions
5,600 
At 31 December 2023
19,527 
Amortisation
At 1 January 2023
13,927 
Charge for the year
747 
At 31 December 2023
14,674 
Net book value
At 31 December 2023
4,853 
Other Intangible fixed assets comprises Patents and Licences.
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Accelerator Solutions Limited Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
48,957 
8,816 
57,773 
Additions
936 
- 
936 
At 31 December 2023
49,893 
8,816 
58,709 
Depreciation
At 1 January 2023
44,312 
8,816 
53,128 
Charge for the year
558 
- 
558 
At 31 December 2023
44,870 
8,816 
53,686 
Net book value
At 31 December 2023
5,023 
- 
5,023 
At 31 December 2022
4,645 
- 
4,645 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
101,323 
74,041 
Accrued income and prepayments
11,911 
11,146 
Other debtors
8,831 
14,119 
122,065 
99,306 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
83,763 
50,199 
Trade creditors
10,832 
15,834 
Taxes and social security
96,222 
49,028 
Other creditors
2,624 
5,732 
Loans from directors
12,336 
- 
Accruals
7,775 
5,425 
Deferred income
6,826 
33,394 
230,378 
169,612 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,813 
24,841 
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Accelerator Solutions Limited Notes to the Accounts for the year ended 31 December 2023
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
H Hopkins
Loan to H Hopkins
2,782 
- 
8,950 
(6,168)
H Daniell
Loan to H Daniell
2,782 
- 
8,950 
(6,168)
5,564 
- 
17,900 
(12,336)
The above director loans are disclosed within the accounts under " Creditors due within one year : Loans from directors " ( 2022 - "Other debtors ", due within one year).
10
Average number of employees
During the year the average number of employees was 14 (2022: 14).
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