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Company Registration No. 11389289 (England and Wales)
The Shoreditch Accelerator Ltd Unaudited accounts for the year ended 31 October 2023
The Shoreditch Accelerator Ltd Unaudited accounts Contents
Page
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The Shoreditch Accelerator Ltd Company Information for the year ended 31 October 2023
Directors
John Reilly Paul Finnigan June Finnigan
Company Number
11389289 (England and Wales)
Registered Office
Burwood House 14-16 Caxton Street London SW1H 0QY
Accountants
Hele Kergozou Ltd Lilac Cottage The Street, Draycott Cheddar Somerset BS27 3TH
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The Shoreditch Accelerator Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,502 
475 
Current assets
Debtors
5,371 
8,222 
Cash at bank and in hand
44,068 
20,306 
49,439 
28,528 
Creditors: amounts falling due within one year
(32,442)
(12,977)
Net current assets
16,997 
15,551 
Total assets less current liabilities
19,499 
16,026 
Creditors: amounts falling due after more than one year
(19,462)
(22,013)
Net assets/(liabilities)
37 
(5,987)
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
17 
(6,007)
Shareholders' funds
37 
(5,987)
For the year ending 31 October 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 30 July 2024 and were signed on its behalf by
John Reilly Director Company Registration No. 11389289
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The Shoreditch Accelerator Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
The Shoreditch Accelerator Ltd is a private company, limited by shares, registered in England and Wales, registration number 11389289. The registered office is Burwood House, 14-16 Caxton Street, London, SW1H 0QY.
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
25% straight line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
855 
Additions
2,688 
At 31 October 2023
3,543 
Depreciation
At 1 November 2022
380 
Charge for the year
661 
At 31 October 2023
1,041 
Net book value
At 31 October 2023
2,502 
At 31 October 2022
475 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
950 
- 
Other debtors
4,421 
8,222 
5,371 
8,222 
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The Shoreditch Accelerator Ltd Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,544 
2,544 
VAT
18,840 
9,300 
Taxes and social security
9,026 
- 
Other creditors
457 
458 
Accruals
1,575 
675 
32,442 
12,977 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
19,462 
22,013 
8
Average number of employees
During the year the average number of employees was 3 (2022: 4).
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