Data Accelerator Limited - Abbreviated accounts

Registered number

07136606

Data Accelerator Limited

Abbreviated Accounts

31 December 2013

Data Accelerator Limited
Registered number:		07136606
Abbreviated Balance Sheet
as at 31 December 2013

Notes			2013			2012
£				£
Fixed assets
Tangible assets	2		7,832			9,507

Current assets
Debtors		21,640			14,987
Cash at bank and in hand		3,955			1,314
		25,595			16,301

Creditors: amounts falling due within one year		(115,157)			(316,996)

Net current liabilities			(89,562)			(300,695)

Total assets less current liabilities			(81,730)			(291,188)

Creditors: amounts falling due after more than one year			(1,894,790)			(930,835)



Net liabilities			(1,976,520)			(1,222,023)

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			(1,976,620)			(1,222,123)

Shareholders' funds			(1,976,520)			(1,222,023)

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.



Sean Patrick Corbett
Director
Approved by the board on 7 February 2014

Data Accelerator Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2013

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.

	Office furniture			25% straight line
	Computer equipment			25% straight line

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	At 1 January 2013					16,738
	Additions					2,052
	At 31 December 2013					18,790

	Depreciation
	At 1 January 2013					7,231
	At 31 December 2013					10,958

	Net book value
	At 31 December 2013					7,832
	At 31 December 2012					9,507


3	Share capital	Nominal		2013		2013		2012
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100