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REGISTERED NUMBER: 08517508 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31st December 2023

for

Acelr8 Ltd

Acelr8 Ltd (Registered number: 08517508)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Acelr8 Ltd

Company Information
for the Year Ended 31st December 2023







DIRECTOR: D M Sedgwick





REGISTERED OFFICE: Watling Offices
Smockington Lane
Wolvey
Hinckley
Leicestershire
LE10 3AY





REGISTERED NUMBER: 08517508 (England and Wales)





ACCOUNTANTS: Barker & Co
Chartered Accountants
Watling Offices
Smockington Lane
Wolvey
Hinckley
Leicestershire
LE10 3AY

Acelr8 Ltd (Registered number: 08517508)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,989 10,855
Investments 5 68,891 753,183
79,880 764,038

CURRENT ASSETS
Debtors 6 130,927 194,549
Cash at bank 69,315 660,007
200,242 854,556
CREDITORS
Amounts falling due within one year 7 117,118 768,144
NET CURRENT ASSETS 83,124 86,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,004

850,450

PROVISIONS FOR LIABILITIES 2,000 2,000
NET ASSETS 161,004 848,450

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 160,804 848,250
SHAREHOLDERS' FUNDS 161,004 848,450

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

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

The director acknowledges his 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.

Acelr8 Ltd (Registered number: 08517508)

Balance Sheet - continued
31st December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th September 2024 and were signed by:





D M Sedgwick - Director


Acelr8 Ltd (Registered number: 08517508)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Acelr8 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.
Office equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Balance sheet transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 45 ) .

Acelr8 Ltd (Registered number: 08517508)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1st January 2023 17,140
Additions 4,542
Disposals (990 )
At 31st December 2023 20,692
DEPRECIATION
At 1st January 2023 6,285
Charge for year 3,666
Eliminated on disposal (248 )
At 31st December 2023 9,703
NET BOOK VALUE
At 31st December 2023 10,989
At 31st December 2022 10,855

5. FIXED ASSET INVESTMENTS
Investment
in Acelr8
KG
£   
COST
At 1st January 2023 753,183
Share of profit/(loss) (684,292 )
At 31st December 2023 68,891
NET BOOK VALUE
At 31st December 2023 68,891
At 31st December 2022 753,183

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 30,901 121,135
Other debtors 48,432 52,279
Tax 9,989 -
Social security & other taxes 20,019 21,135
Prepayments 21,586 -
130,927 194,549

Acelr8 Ltd (Registered number: 08517508)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 46,843 18,933
Corporation tax 500 111,400
Social security & other taxes 23,786 77,224
Intercompany account Acelr8 KG 33,599 209,853
Other creditors 10,391 -
Directors' current accounts - 1,003
Accrued expenses 1,999 349,731
117,118 768,144

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200