ACE FUELS LIMITED

Company Registration Number:
08721569 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

ACE FUELS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

ACE FUELS LIMITED

Balance sheet

As at 31 January 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 326,670 326,670
Tangible assets: 4 340,100 354,944
Total fixed assets: 666,770 681,614
Current assets
Stocks: 53,177 32,388
Debtors:   33,651 28,124
Cash at bank and in hand: 163,123 148,438
Total current assets: 249,951 208,950
Creditors: amounts falling due within one year:   (75,417) (28,475)
Net current assets (liabilities): 174,534 180,475
Total assets less current liabilities: 841,304 862,089
Creditors: amounts falling due after more than one year:   (300,860) (450,886)
Total net assets (liabilities): 540,444 411,203
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 540,440 411,199
Shareholders funds: 540,444 411,203

The notes form part of these financial statements

ACE FUELS LIMITED

Balance sheet statements

For the year ending 31 January 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 October 2023
and signed on behalf of the board by:

Name: Mr G.Ali
Status: Director

The notes form part of these financial statements

ACE FUELS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

ACE FUELS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023 2022
Average number of employees during the period 2 3

ACE FUELS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Intangible Assets

Total
Cost £
At 01 February 2022 326,670
At 31 January 2023 326,670
Net book value
At 31 January 2023 326,670
At 31 January 2022 326,670

ACE FUELS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Tangible Assets

Total
Cost £
At 01 February 2022 606,419
Additions 27,656
At 31 January 2023 634,075
Depreciation
At 01 February 2022 251,475
Charge for year 42,500
At 31 January 2023 293,975
Net book value
At 31 January 2023 340,100
At 31 January 2022 354,944