Company Registration No. 06991896 (England and Wales)
ACE 4 LIMITED
Unaudited accounts
for the year ended 31 August 2017
ACE 4 LIMITED
Unaudited accounts
Contents
ACE 4 LIMITED
Company Information
for the year ended 31 August 2017
Company Number
06991896 (England and Wales)
Registered Office
HARDHAM MILL BUSINESS PARK LONDON ROAD
HARDHAM
PULBOROUGH
WEST SUSSEX
RH20 1LA
ACE 4 LIMITED
Statement of financial position
as at
31 August 2017
Tangible assets
10,108
8,733
Inventories
101,445
79,520
Cash at bank and in hand
30,006
15,231
Creditors: amounts falling due within one year
(144,923)
(149,342)
Net current (liabilities)/assets
(856)
1,426
Total assets less current liabilities
9,252
10,159
Provisions for liabilities
Called up share capital
53
53
Profit and loss account
7,279
10,106
Shareholders' funds
7,332
10,159
For the year ending 31 August 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 director acknowledges his 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 4 January 2018.
R B Davies
Director
Company Registration No. 06991896
ACE 4 LIMITED
Notes to the Accounts
for the year ended 31 August 2017
ACE 4 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06991896. The registered office is HARDHAM MILL BUSINESS PARK LONDON ROAD, HARDHAM, PULBOROUGH, WEST SUSSEX, RH20 1LA.
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 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015
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.
Revenue, described as turnover is the value of goods and services, net of VAT and discounts, provided to customers during the year.
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% per annum straight line
Motor vehicles
20% per annum straight line
Stocks and work in progress
Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.
ACE 4 LIMITED
Notes to the Accounts
for the year ended 31 August 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2016
468
16,195
16,663
At 31 August 2017
3,667
16,195
19,862
At 1 September 2016
156
7,774
7,930
Charge for the year
140
1,684
1,824
At 31 August 2017
296
9,458
9,754
At 31 August 2017
3,371
6,737
10,108
At 31 August 2016
312
8,421
8,733
Work in progress
101,445
79,520
Trade debtors
7,008
39,626
Other debtors
5,608
16,391
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
6,877
263
Trade creditors
27,294
47,582
Taxes and social security
27,315
13,847
Other creditors
82,831
87,424
Loans from directors
606
226
8
Average number of employees
During the year the average number of employees was 1 (2016: 1).