1 June 2021 false No description of principal activity Taxfiler 2022.8.3 12007685business:PrivateLimitedCompanyLtd2021-06-012022-05-31 120076852021-05-31 120076852021-06-012022-05-31 12007685business:AuditExemptWithAccountantsReport2021-06-012022-05-31 12007685business:FullAccounts2021-06-012022-05-31 120076852022-05-31 12007685business:Director12021-06-012022-05-31 12007685business:RegisteredOffice2021-06-012022-05-31 120076852021-05-31 12007685core:WithinOneYear2022-05-31 12007685core:WithinOneYear2021-05-31 12007685core:AfterOneYear2022-05-31 12007685core:AfterOneYear2021-05-31 12007685core:SharePremium2022-05-31 12007685core:SharePremium2021-05-31 12007685core:RetainedEarningsAccumulatedLosses2022-05-31 12007685core:RetainedEarningsAccumulatedLosses2021-05-31 12007685business:SmallEntities2021-06-012022-05-31 12007685countries:EnglandWales2021-06-012022-05-31 12007685core:Goodwill2021-05-31 12007685core:Goodwill2022-05-31 120076852020-06-012021-05-31 iso4217:GBP xbrli:pure
Company Registration No. 12007685 (England and Wales)
ACE OF CUT BARBERS LIMITED Unaudited accounts for the year ended 31 May 2022
ACE OF CUT BARBERS LIMITED Unaudited accounts Contents
Page
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ACE OF CUT BARBERS LIMITED Company Information for the year ended 31 May 2022
Director
MASSOUD SEYEDTABATABAIE
Company Number
12007685 (England and Wales)
Registered Office
624 BEARWOOD ROAD SMETHWICK B66 4BW ENGLAND
Accountants
Fouladi and Co Accountants 30 High Street Cradley Heath West Midlands B64 5HL
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ACE OF CUT BARBERS LIMITED Accountants' report
Accountants' report to the director of ACE OF CUT BARBERS LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 May 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ACE OF CUT BARBERS LIMITED for the year ended 31 May 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ACE OF CUT BARBERS LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of ACE OF CUT BARBERS LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ACE OF CUT BARBERS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ACE OF CUT BARBERS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of ACE OF CUT BARBERS LIMITED. You consider that ACE OF CUT BARBERS LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ACE OF CUT BARBERS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Fouladi and Co Accountants 30 High Street Cradley Heath West Midlands B64 5HL 29 August 2022
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ACE OF CUT BARBERS LIMITED Statement of financial position as at 31 May 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,000 
8,000 
Current assets
Inventories
4,200 
5,500 
Debtors
- 
3,200 
Cash at bank and in hand
216 
1,288 
4,416 
9,988 
Creditors: amounts falling due within one year
(2,798)
(600)
Net current assets
1,618 
9,388 
Total assets less current liabilities
9,618 
17,388 
Creditors: amounts falling due after more than one year
(7,773)
(10,000)
Net assets
1,845 
7,388 
Capital and reserves
Share premium
1 
1 
Profit and loss account
1,844 
7,387 
Shareholders' funds
1,845 
7,388 
For the year ending 31 May 2022 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.
The financial statements were approved by the Board and authorised for issue on 29 August 2022 and were signed on its behalf by
MASSOUD SEYEDTABATABAIE Director Company Registration No. 12007685
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ACE OF CUT BARBERS LIMITED Notes to the Accounts for the year ended 31 May 2022
1
Statutory information
ACE OF CUT BARBERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12007685. The registered office is 624 BEARWOOD ROAD, SMETHWICK, B66 4BW, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2021
8,000 
At 31 May 2022
8,000 
Amortisation
At 1 June 2021
- 
At 31 May 2022
- 
Net book value
At 31 May 2022
8,000 
At 31 May 2021
8,000 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Other debtors
- 
3,200 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
400 
600 
Loans from directors
2,398 
- 
2,798 
600 
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ACE OF CUT BARBERS LIMITED Notes to the Accounts for the year ended 31 May 2022
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
7,773 
10,000 
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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