Acciso Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09182438 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2019

for

Acciso Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

674

1,012

CURRENT ASSETS

Debtors

5

1,459

3,779

Cash at bank

491

1,893

1,950

5,672

CREDITORS

Amounts falling due within one year

6

(2,261

)

(4,986

)

NET CURRENT (LIABILITIES)/ASSETS

(311

)

686

TOTAL ASSETS LESS CURRENT LIABILITIES

363

1,698

PROVISIONS FOR LIABILITIES

(128

)

(192

)

NET ASSETS

235

1,506

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

135

1,406

SHAREHOLDERS' FUNDS

235

1,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 May 2020 and were signed by:

Dr C Obinwa - Director

1.	COMPANY INFORMATION

Acciso Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address are as below:

Registered number:

09182438

Registered office:

49 Peter Street

Manchester

M2 3NG

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets

Tangible Fixed assets are initially measured at cost and subsequently measured at cost or

valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual

values over their useful lives on the following basis:

Fixtures and Fittings - 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between

the sale proceeds and the carrying value of the asset, and is credited or charged to the profit

or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement

of Income and Retained Earnings, except to the extent that it relates to items recognised in

other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2018

and 31 August 2019

1,349

DEPRECIATION

At 1 September 2018

337

Charge for year

338

At 31 August 2019

675

NET BOOK VALUE

At 31 August 2019

674

At 31 August 2018

1,012

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

1,080

Other debtors

319

740

Directors' current accounts

981

1,959

Tax

159

-

1,459

3,779

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Corporation tax

-

1,185

Other creditors

1,787

3,327

Accrued expenses

474

474

2,261

4,986

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary A

£1

100

100

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 August 2019 and 31 August 2018:

2019

2018

£

£

Dr C Obinwa

Balance outstanding at start of year

1,959

672

Amounts advanced

4,407

6,875

Amounts repaid

(5,385

)

(5,588

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

981

1,959

The loan is repayable on demand and no interest was charged during the year.

9.

CONTROL

The ultimate controlling party is Dr Obinwa by virtue of holding 100% of the voting share

capital.