Acciel Consulting Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08616470 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2020

for

Acciel Consulting Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr E A S Smith

REGISTERED OFFICE:

32 Sydenham Road North

Cheltenham

Gloucestershire

GL52 6EB

REGISTERED NUMBER:

08616470 (England and Wales)

ACCOUNTANTS:

Clear Accounts Limited

The Old School House

3a Leckhampton Road

Cheltenham

Gloucestershire

GL53 0AX

FIXED ASSETS

Tangible assets

4

2,478

3,043

CURRENT ASSETS

Debtors

5

320,074

119,733

Cash at bank

20,887

51,871

340,961

171,604

CREDITORS

Amounts falling due within one year

6

110,807

26,325

NET CURRENT ASSETS

230,154

145,279

TOTAL ASSETS LESS CURRENT LIABILITIES

232,632

148,322

CREDITORS

Amounts falling due after more than one year

7

47,900

-

NET ASSETS

184,732

148,322

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

184,731

148,321

SHAREHOLDERS' FUNDS

184,732

148,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 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.

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 8 October 2020 and were signed by:

Mr E A S Smith - Director

1.	STATUTORY INFORMATION

Acciel Consulting 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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of

Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done

in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts

for on-going services is recognised by reference to the stage of completion.

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 10 years

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 August 2019

and 31 July 2020

3,619

5,985

9,604

DEPRECIATION

At 1 August 2019

866

5,695

6,561

Charge for year

275

290

565

At 31 July 2020

1,141

5,985

7,126

NET BOOK VALUE

At 31 July 2020

2,478

-

2,478

At 31 July 2019

2,753

290

3,043

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

23,074

15,796

Other debtors

297,000

103,937

320,074

119,733

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

2,100

-

Trade creditors

853

511

Taxation and social security

41,243

17,154

Other creditors

66,611

8,660

110,807

26,325

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

47,900

-