| Accelerate Leadership Ltd |
| Registered number: |
04869812 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
44,731 |
|
|
83,241 |
| Tangible assets |
3 |
|
|
3,756 |
|
|
5,008 |
|
|
|
|
48,487 |
|
|
88,249 |
|
| Current assets |
| Stocks |
|
|
- |
|
|
1,500 |
| Debtors |
|
|
13,018 |
|
|
5,777 |
| Cash at bank and in hand |
|
|
3,067 |
|
|
13,005 |
|
|
|
16,085 |
|
|
20,282 |
|
| Creditors: amounts falling due within one year |
|
|
(67,591) |
|
|
(70,759) |
|
| Net current liabilities |
|
|
|
(51,506) |
|
|
(50,477) |
|
| Total assets less current liabilities |
|
|
|
(3,019) |
|
|
37,772 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(14,583) |
|
|
(20,000) |
|
|
|
| Net (liabilities)/assets |
|
|
|
(17,602) |
|
|
17,772 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(17,604) |
|
|
17,770 |
|
| Shareholders' funds |
|
|
|
(17,602) |
|
|
17,772 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
| ……………………………………. |
| D Pryke |
| Director |
| Approved by the board on 11 December 2014 |
|
| Accelerate Leadership Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
105,601 |
|
Disposals |
(55,900) |
|
At 31 March 2014 |
49,701 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2013 |
22,360 |
|
Provided during the year |
4,970 |
|
On disposals |
(22,360) |
|
At 31 March 2014 |
4,970 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
44,731 |
|
At 31 March 2013 |
83,241 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
14,417 |
|
At 31 March 2014 |
14,417 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2013 |
9,409 |
|
Charge for the year |
1,252 |
|
At 31 March 2014 |
10,661 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
3,756 |
|
At 31 March 2013 |
5,008 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
