Project Accelerate Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08814081 (England and Wales)

Project Accelerate Limited

Unaudited Financial Statements

for the Year Ended 30 November 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

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

4

255

542

CURRENT ASSETS

Debtors

5

6,543

6,934

Cash at bank

42,471

20,728

49,014

27,662

CREDITORS

Amounts falling due within one year

6

(23,448

)

(18,509

)

NET CURRENT ASSETS

25,566

9,153

TOTAL ASSETS LESS CURRENT LIABILITIES

25,821

9,695

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

25,820

9,694

SHAREHOLDERS' FUNDS

25,821

9,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 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 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 6 August 2018 and were signed by:

A D Savory - Director

1.	STATUTORY INFORMATION

Project Accelerate Limited 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.

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

payable by the company for the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 December 2016

and 30 November 2017

2,850

DEPRECIATION

At 1 December 2016

2,308

Charge for year

287

At 30 November 2017

2,595

NET BOOK VALUE

At 30 November 2017

255

At 30 November 2016

542

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/17

30/11/16

£

£

Trade debtors

3,510

3,394

Other debtors

3,033

3,540

6,543

6,934

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/17

30/11/16

£

£

Taxation and social security

21,822

16,802

Other creditors

1,626

1,707

23,448

18,509