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 2018

for

The Social Accelerators Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs C Thomas

REGISTERED OFFICE:

Top Floor

Claridon House

London Road

Stanford Le Hope

Essex

SS17 0JU

REGISTERED NUMBER:

07949930 (England and Wales)

ACCOUNTANTS:

P R K Accountants Limited

Top Floor

Claridon House

London Road

Stanford Le Hope

Essex

SS17 0JU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

1,178

-

1,178

CURRENT ASSETS

Debtors

6

600

10,724

Cash at bank and in hand

35,068

25,203

35,668

35,927

CREDITORS

Amounts falling due within one year

7

28,716

37,061

NET CURRENT ASSETS/(LIABILITIES)

6,952

(1,134

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,952

44

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

6,950

42

SHAREHOLDERS' FUNDS

6,952

44

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 25 July 2018 and were signed 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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

-

20% on cost

Computer equipment

-

20% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

18,400

AMORTISATION

At 1 April 2017

and 31 March 2018

18,400

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

6,895

8,537

15,432

DEPRECIATION

At 1 April 2017

6,895

7,359

14,254

Charge for year

-

1,178

1,178

At 31 March 2018

6,895

8,537

15,432

NET BOOK VALUE

At 31 March 2018

-

-

-

At 31 March 2017

-

1,178

1,178

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

600

5,958

Directors' current accounts

-

4,766

600

10,724

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

820

146

Tax

1,897

1,269

VAT

3,243

6,046

Directors' current accounts

22,156

-

Accruals and deferred income

-

29,000

Accrued expenses

600

600

28,716

37,061

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

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.