Company Registration No. 06466115 (England and Wales)
A1 Ace Transport Services Ltd.
Unaudited accounts
for the period from 1 May 2019 to 31 October 2020
A1 Ace Transport Services Ltd.
Unaudited accounts
Contents
A1 Ace Transport Services Ltd.
Statement of financial position
as at
31 October 2020
Tangible assets
147,087
190,763
Cash at bank and in hand
73,927
59,391
Creditors: amounts falling due within one year
(283,375)
(375,072)
Net current liabilities
(71,824)
(80,130)
Total assets less current liabilities
75,265
110,635
Creditors: amounts falling due after more than one year
(9,662)
(39,111)
Provisions for liabilities
Deferred tax
(5,439)
(9,072)
Called up share capital
350
350
Profit and loss account
59,814
62,102
Shareholders' funds
60,164
62,452
For the period ending 31 October 2020 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.
The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2021 and were signed on its behalf by
Mr M E Davis
Director
Company Registration No. 06466115
A1 Ace Transport Services Ltd.
Notes to the Accounts
for the period from 1 May 2019 to 31 October 2020
A1 Ace Transport Services Ltd. is a private company, limited by shares, registered in England and Wales, registration number 06466115. The registered office is Watcombe House, Railway Street, Taunton, Somerset, TA2 6HF.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on a reducing balance basis
Motor vehicles
Straight line over 4 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 31 October 2020
401,576
At 31 October 2020
401,574
A1 Ace Transport Services Ltd.
Notes to the Accounts
for the period from 1 May 2019 to 31 October 2020
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2019
117,724
575,639
693,363
Additions
933
111,086
112,019
Disposals
-
(73,245)
(73,245)
At 31 October 2020
118,657
613,480
732,137
At 1 May 2019
109,892
392,708
502,600
Charge for the period
4,710
135,371
140,081
On disposals
-
(57,631)
(57,631)
At 31 October 2020
114,602
470,448
585,050
At 31 October 2020
4,055
143,032
147,087
At 30 April 2019
7,832
182,931
190,763
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Debtors: amounts falling due within one year
2020
2019
Trade debtors
101,167
127,572
Other debtors
36,457
107,979
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
50,000
-
Obligations under finance leases and hire purchase contracts
30,831
48,636
Trade creditors
41,318
85,277
Taxes and social security
39,274
48,673
Other creditors
121,952
192,486
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Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
9,662
39,111
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Average number of employees
During the period the average number of employees was 24 (2019: 20).