IRIS Accounts Production v24.1.0.578 11630561 director 1.11.22 31.10.23 31.10.23 false true false false true false Ordinary 'A' shares 1.00000 Ordinary 'B' shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh116305612022-10-31116305612023-10-31116305612022-11-012023-10-31116305612021-10-31116305612021-11-012022-10-31116305612022-10-3111630561ns15:EnglandWales2022-11-012023-10-3111630561ns14:PoundSterling2022-11-012023-10-3111630561ns10:Director12022-11-012023-10-3111630561ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3111630561ns10:SmallEntities2022-11-012023-10-3111630561ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3111630561ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3111630561ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3111630561ns10:FullAccounts2022-11-012023-10-3111630561ns10:OrdinaryShareClass12022-11-012023-10-3111630561ns10:OrdinaryShareClass22022-11-012023-10-3111630561ns10:RegisteredOffice2022-11-012023-10-3111630561ns5:CurrentFinancialInstruments2023-10-3111630561ns5:CurrentFinancialInstruments2022-10-3111630561ns5:ShareCapital2023-10-3111630561ns5:ShareCapital2022-10-3111630561ns5:RetainedEarningsAccumulatedLosses2023-10-3111630561ns5:RetainedEarningsAccumulatedLosses2022-10-3111630561ns5:PlantMachinery2022-11-012023-10-3111630561ns5:PlantMachinery2022-10-3111630561ns5:PlantMachinery2023-10-3111630561ns5:PlantMachinery2022-10-3111630561ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3111630561ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3111630561ns5:DeferredTaxation2022-10-3111630561ns5:DeferredTaxation2022-11-012023-10-3111630561ns5:DeferredTaxation2023-10-3111630561ns10:OrdinaryShareClass12023-10-3111630561ns10:OrdinaryShareClass22023-10-31
REGISTERED NUMBER: 11630561 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

XCELERATE CONSULTING LTD.

XCELERATE CONSULTING LTD. (REGISTERED NUMBER: 11630561)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


XCELERATE CONSULTING LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Ms A M Bower





REGISTERED OFFICE: 9 Vulcan Way
Castle Donington
Derby
DE74 2UJ





REGISTERED NUMBER: 11630561 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

XCELERATE CONSULTING LTD. (REGISTERED NUMBER: 11630561)

BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,074 27,876

CURRENT ASSETS
Debtors 5 - 5,492
Cash at bank 85,501 98,993
85,501 104,485
CREDITORS
Amounts falling due within one year 6 90,987 88,890
NET CURRENT (LIABILITIES)/ASSETS (5,486 ) 15,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,588

43,471

PROVISIONS FOR LIABILITIES 7 4,004 4,549
NET ASSETS 11,584 38,922

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 11,384 38,722
SHAREHOLDERS' FUNDS 11,584 38,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:



Ms A M Bower - Director


XCELERATE CONSULTING LTD. (REGISTERED NUMBER: 11630561)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Xcelerate Consulting Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

XCELERATE CONSULTING LTD. (REGISTERED NUMBER: 11630561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 32,014
DEPRECIATION
At 1 November 2022 4,138
Charge for year 6,802
At 31 October 2023 10,940
NET BOOK VALUE
At 31 October 2023 21,074
At 31 October 2022 27,876

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Other debtors - 5,492

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade creditors 430 1,455
Taxation and social security 3,421 14,812
Other creditors 87,136 72,623
90,987 88,890

7. PROVISIONS FOR LIABILITIES
31/10/23 31/10/22
£    £   
Deferred tax 4,004 4,549

Deferred
tax
£   
Balance at 1 November 2022 4,549
Credit to Statement of Income and Retained Earnings during year (545 )
Balance at 31 October 2023 4,004

XCELERATE CONSULTING LTD. (REGISTERED NUMBER: 11630561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: £    £   
100 Ordinary 'A' shares £1 100 100
100 Ordinary 'B' shares £1 100 100
200 200