Acorah Software Products - Accounts Production 16.1.300 false true true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 SC656017 B Denly iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC656017 2024-02-29 SC656017 2025-02-28 SC656017 2024-03-01 2025-02-28 SC656017 frs-core:CurrentFinancialInstruments 2025-02-28 SC656017 frs-core:Non-currentFinancialInstruments 2025-02-28 SC656017 frs-core:ShareCapital 2025-02-28 SC656017 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 SC656017 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC656017 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 SC656017 frs-bus:SmallEntities 2024-03-01 2025-02-28 SC656017 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 SC656017 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 SC656017 frs-bus:Director1 2024-03-01 2025-02-28 SC656017 frs-countries:Scotland 2024-03-01 2025-02-28 SC656017 2023-02-28 SC656017 2024-02-29 SC656017 2023-03-01 2024-02-29 SC656017 frs-core:CurrentFinancialInstruments 2024-02-29 SC656017 frs-core:Non-currentFinancialInstruments 2024-02-29 SC656017 frs-core:ShareCapital 2024-02-29 SC656017 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: SC656017
Accelerate Sales Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Modus Accountants Ltd
Unit 1c Church Green
Witney
OX28 4YR
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: SC656017
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 38 69
Cash at bank and in hand 19 1,222
57 1,291
Creditors: Amounts Falling Due Within One Year 5 (8,909 ) (4,511 )
NET CURRENT ASSETS (LIABILITIES) (8,852 ) (3,220 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,852 ) (3,220 )
Creditors: Amounts Falling Due After More Than One Year 6 - (4,678 )
NET LIABILITIES (8,852 ) (7,898 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (8,854 ) (7,900 )
SHAREHOLDERS' FUNDS (8,852) (7,898)
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
B Denly
Director
28 March 2025
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Accelerate Sales Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC656017 . The registered office is 272 Bath Street, Glasgow, G2 4JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors believe that the going concern basis is not appropriate as the company ceased trading on 28 February 2023 and will be put into liquidation.
2.3. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, witih the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Debtors
2025 2024
£ £
Due within one year
Other debtors 38 69
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 143
Bank loans and overdrafts 8,890 4,000
Other creditors 19 368
8,909 4,511
6. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 4,678
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 2