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Company Registration No. 07210650 (England and Wales)
Accology Limited Unaudited accounts for the year ended 31 December 2023
Accology Limited Unaudited accounts Contents
Page
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Accology Limited Company Information for the year ended 31 December 2023
Director
Mr S. Duckworth
Company Number
07210650 (England and Wales)
Registered Office
USN Bolton Arena Arena Approach Horwich Lancashire BL6 6LB United Kingdom
Accountants
Accology Limited Bolton Arena Arena Approach Horwich Lancashire BL6 6LB
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Accology Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
26,334 
54,885 
Tangible assets
82,616 
86,925 
108,950 
141,810 
Current assets
Inventories
6,000 
20,000 
Debtors
1,426 
5,554 
Cash at bank and in hand
323 
303 
7,749 
25,857 
Creditors: amounts falling due within one year
(20,377)
(15,821)
Net current (liabilities)/assets
(12,628)
10,036 
Total assets less current liabilities
96,322 
151,846 
Creditors: amounts falling due after more than one year
(131,732)
(146,008)
Net (liabilities)/assets
(35,410)
5,838 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(35,411)
5,837 
Shareholders' funds
(35,410)
5,838 
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 director acknowledges his 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 and authorised for issue on 24 September 2024 and were signed on its behalf by
Mr S. Duckworth Director Company Registration No. 07210650
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Accology Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Accology Limited is a private company, limited by shares, registered in England and Wales, registration number 07210650. The registered office is USN Bolton Arena, Arena Approach, Horwich, Lancashire, BL6 6LB, United Kingdom.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% pa reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic live of 10 years. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
285,511 
At 31 December 2023
285,511 
Amortisation
At 1 January 2023
230,626 
Charge for the year
28,551 
At 31 December 2023
259,177 
Net book value
At 31 December 2023
26,334 
At 31 December 2022
54,885 
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Accology Limited Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
88,764 
13,007 
4,869 
106,640 
Additions
- 
220 
9,761 
9,981 
Disposals
- 
(120)
(5,363)
(5,483)
At 31 December 2023
88,764 
13,107 
9,267 
111,138 
Depreciation
At 1 January 2023
14,908 
2,293 
2,514 
19,715 
Charge for the year
11,096 
1,285 
823 
13,204 
On disposals
- 
- 
(4,397)
(4,397)
At 31 December 2023
26,004 
3,578 
(1,060)
28,522 
Net book value
At 31 December 2023
62,760 
9,529 
10,327 
82,616 
At 31 December 2022
73,856 
10,714 
2,355 
86,925 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,426 
5,206 
Accrued income and prepayments
- 
348 
1,426 
5,554 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,568 
3,568 
VAT
5,536 
3,072 
Obligations under finance leases and hire purchase contracts
6,399 
6,399 
Trade creditors
2,703 
611 
Taxes and social security
1,171 
1,171 
Accruals
1,000 
1,000 
20,377 
15,821 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
22,131 
25,825 
Obligations under finance leases and hire purchase contracts
47,457 
53,856 
Loans from directors
62,144 
66,327 
131,732 
146,008 
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Accology Limited Notes to the Accounts for the year ended 31 December 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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