Company Registration No. 12367037 (England and Wales)
ACEP LIMITED
Unaudited accounts
for the year ended 31 December 2022
ACEP LIMITED
Unaudited accounts
Contents
ACEP LIMITED
Company Information
for the year ended 31 December 2022
Director
Mr Alireza HOSSEINI
Company Number
12367037 (England and Wales)
Registered Office
3 Balfour Road
Harrow
Middlesex
HA1 1RJ
United Kingdom
ACEP LIMITED
Statement of financial position
as at 31 December 2022
Tangible assets
49,446
54,782
Cash at bank and in hand
18,108
21,062
Creditors: amounts falling due within one year
(29,011)
(35,384)
Net current assets
7,902
15,326
Total assets less current liabilities
57,348
70,108
Creditors: amounts falling due after more than one year
(43,634)
(64,661)
Called up share capital
100
100
Profit and loss account
13,614
5,347
Shareholders' funds
13,714
5,447
For the year ending 31 December 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 30 September 2023 and were signed on its behalf by
Mr Alireza HOSSEINI
Director
Company Registration No. 12367037
ACEP LIMITED
Notes to the Accounts
for the year ended 31 December 2022
ACEP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12367037. The registered office is 3 Balfour Road, Harrow, Middlesex, HA1 1RJ, United Kingdom.
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 year, 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.
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
Depreciation is charged at 20% on a straight line basis
Motor vehicles
Depreciation is charged at 20% on a straight line basis
Computer equipment
Depreciiation is charged at 20% on a straight line basis
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2022
2,300
57,607
850
60,757
At 31 December 2022
10,819
57,607
850
69,276
At 1 January 2022
43
5,647
285
5,975
Charge for the year
2,164
11,521
170
13,855
At 31 December 2022
2,207
17,168
455
19,830
At 31 December 2022
8,612
40,439
395
49,446
At 31 December 2021
2,257
51,960
565
54,782
ACEP LIMITED
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Trade debtors
14,518
26,648
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
10,800
10,800
Obligations under finance leases and hire purchase contracts
9,146
9,146
Trade creditors
7,115
8,820
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
26,231
36,261
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Average number of employees
During the year the average number of employees was 3 (2021: 3).