Project Accelerate Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08814081 (England and Wales)

Project Accelerate Limited

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A D Savory

REGISTERED OFFICE:

8a Wingbury Courtyard

Business Village

Wingrave

Buckinghamshire

HP22 4LW

REGISTERED NUMBER:

08814081 (England and Wales)

ACCOUNTANTS:

Clarkson Cleaver & Bowes Ltd

8a Wingbury Courtyard

Business Village

Wingrave

Buckinghamshire

HP22 4LW

FIXED ASSETS

Tangible assets

2

542

728

CURRENT ASSETS

Debtors

6,934

4,973

Cash at bank

20,728

33,522

27,662

38,495

CREDITORS

Amounts falling due within one year

18,509

25,146

NET CURRENT ASSETS

9,153

13,349

TOTAL ASSETS LESS CURRENT LIABILITIES

9,695

14,077

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

9,694

14,076

SHAREHOLDERS' FUNDS

9,695

14,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 June 2017 and were signed by:

A D Savory - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

33.33% straight line

Pension costs and other post-retirement benefits

The pension costs charged in the financial statements represent the contributions paid by

the company during the year.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

2,086

Additions

764

At 30 November 2016

2,850

DEPRECIATION

At 1 December 2015

1,358

Charge for year

950

At 30 November 2016

2,308

NET BOOK VALUE

At 30 November 2016

542

At 30 November 2015

728

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

£1

1

1