Accel Autos Limited - Accounts to registrar (filleted) - small 18.2

Accel Autos Limited - Accounts to registrar (filleted) - small 18.2

ACCEL AUTOS LIMITED - Company Information

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REGISTERED NUMBER: 07963185 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021

FOR

ACCEL AUTOS LIMITED
ACCEL AUTOS LIMITED (REGISTERED NUMBER: 07963185)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2021










Page

Balance Sheet 1

Notes to the Financial Statements 2


ACCEL AUTOS LIMITED (REGISTERED NUMBER: 07963185)

BALANCE SHEET
28 FEBRUARY 2021

28.2.21 29.2.20
Notes £    £   
CURRENT ASSETS
Debtors 4 9,919 19
Cash at bank and in hand 69,479 79,445
79,398 79,464
CREDITORS
Amounts falling due within one year 5 7,147 6,787
NET CURRENT ASSETS 72,251 72,677
TOTAL ASSETS LESS CURRENT
LIABILITIES
72,251
72,677

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 72,250 72,676
SHAREHOLDERS' FUNDS 72,251 72,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2021 and were signed by:




J S Anand - Director


The notes form part of these financial statements

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ACCEL AUTOS LIMITED (REGISTERED NUMBER: 07963185)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2021


1. STATUTORY INFORMATION

Accel Autos Limited is a private company limited by shares and incorporated in England, registered number 07963185. Its
registered office is Blackthorns House, 80-82 Dudley Road, Lye, Stourbridge, West Midlands, DY9 8ET.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.21 29.2.20
£    £   
Other debtors 9,919 19

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.21 29.2.20
£    £   
Trade creditors 720 -
Taxation and social security 6,188 6,188
Other creditors 239 599
7,147 6,787

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2021 and 29 February 2020:

28.2.21 29.2.20
£    £   
J S Anand
Balance outstanding at start of year 19 23,019
Amounts advanced 9,900 -
Amounts repaid - (23,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,919 19

The above loans were unsecured, interest free and repayable on demand.

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