Company Registration No. 07210650 (England and Wales)
Accology Limited
Unaudited accounts
for the year ended 31 December 2023
Accology Limited
Unaudited accounts
Contents
Accology Limited
Company Information
for the year ended 31 December 2023
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
Accology Limited
Statement of financial position
as at 31 December 2023
Intangible assets
26,334
54,885
Tangible assets
82,616
86,925
Cash at bank and in hand
323
303
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
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
Accology Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (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
At 31 December 2023
285,511
Charge for the year
28,551
At 31 December 2023
259,177
At 31 December 2023
26,334
At 31 December 2022
54,885
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
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
At 31 December 2023
62,760
9,529
10,327
82,616
At 31 December 2022
73,856
10,714
2,355
86,925
Amounts falling due within one year
Accrued income and prepayments
-
348
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,568
3,568
Obligations under finance leases and hire purchase contracts
6,399
6,399
Taxes and social security
1,171
1,171
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
47,457
53,856
Loans from directors
62,144
66,327
Accology Limited
Notes to the Accounts
for the year ended 31 December 2023
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).