The Social Accelerators Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07949930 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

The Social Accelerators Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs C Thomas

Mr D McManus

REGISTERED OFFICE:

Top Floor

Claridon House

London Road

Stanford Le Hope

Essex

SS17 0JU

REGISTERED NUMBER:

07949930 (England and Wales)

ACCOUNTANTS:

Vortex Accountants Limited

Top Floor

Claridon House

London Road

Stanford Le Hope

Essex

SS17 0JU

CURRENT ASSETS

Debtors

6

731

600

Cash at bank and in hand

20,961

35,068

21,692

35,668

CREDITORS

Amounts falling due within one year

7

11,615

28,716

NET CURRENT ASSETS

10,077

6,952

TOTAL ASSETS LESS CURRENT LIABILITIES

10,077

6,952

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

10,075

6,950

SHAREHOLDERS' FUNDS

10,077

6,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors on 12 December 2019 and were signed on its behalf by:

Mrs C Thomas - Director

1.	STATUTORY INFORMATION

The Social Accelerators 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 represents net invoiced sales of services excluding, value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

Straight line over 5 years

Computer equipment

-

Straight line over 5 years

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

18,400

AMORTISATION

At 1 April 2018

and 31 March 2019

18,400

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2018

and 31 March 2019

6,895

8,537

15,432

DEPRECIATION

At 1 April 2018

and 31 March 2019

6,895

8,537

15,432

NET BOOK VALUE

At 31 March 2019

-

-

-

At 31 March 2018

-

-

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

731

600

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

90

820

Tax

1,202

1,897

VAT

1,698

3,243

Directors' current accounts

8,025

22,156

Accrued expenses

600

600

11,615

28,716

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

ordinary

£1

2

2

9.	RELATED PARTY DISCLOSURES

Controlling party

The company is controlled by the directors who holds all shares in issue.