Company Registration No. 09643787 (England and Wales)
ACCELUTION TECHNOLOGY SERVICES LTD
Unaudited accounts
for the year ended 30 June 2017
ACCELUTION TECHNOLOGY SERVICES LTD
Unaudited accounts
Contents
ACCELUTION TECHNOLOGY SERVICES LTD
Company Information
for the year ended 30 June 2017
Directors
Shanmugapriya Ramesh
Ramesh Selvamani
Company Number
09643787 (England and Wales)
Registered Office
37 CROSSWAY
PETTS WOOD
ORPINGTON
KENT
BR5 1PE
ENGLAND
Accountants
Aidhan Accountancy
Sutherland House
3 Lloyds Avenue
London
EC3N 3DS
ACCELUTION TECHNOLOGY SERVICES LTD
Statement of financial position
as at
30 June 2017
Tangible assets
2,565
836
Cash at bank and in hand
76,019
18,046
Creditors: amounts falling due within one year
(29,259)
(25,234)
Net current assets
72,756
7,905
Called up share capital
100
100
Profit and loss account
75,221
8,641
Shareholders' funds
75,321
8,741
For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 November 2017.
Ramesh Selvamani
Director
Company Registration No. 09643787
ACCELUTION TECHNOLOGY SERVICES LTD
Notes to the Accounts
for the year ended 30 June 2017
ACCELUTION TECHNOLOGY SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 09643787. The registered office is 37 CROSSWAY, PETTS WOOD, ORPINGTON, KENT, BR5 1PE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 June 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 17 June 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The turnover shown in the profit and loss account represents revenue earned during the period with an adjustment for the Flat rate VAT till March 30 2017 and from April 01 2017, represents revenue earned during the period, exclusive of VAT
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% on cost using the straight line method.
ACCELUTION TECHNOLOGY SERVICES LTD
Notes to the Accounts
for the year ended 30 June 2017
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Other debtors
25,000
14,838
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
23,430
22,446
Other creditors
5,829
2,302
7
Share capital
2017
2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2016: 1).