2022-02-012023-01-312023-01-31false09870045ACE 88 LTD2023-10-12iso4217:GBPxbrli:pure098700452022-02-01098700452023-01-31098700452022-02-012023-01-31098700452020-12-01098700452022-01-31098700452020-12-012022-01-3109870045bus:SmallEntities2022-02-012023-01-3109870045bus:AuditExempt-NoAccountantsReport2022-02-012023-01-3109870045bus:FullAccounts2022-02-012023-01-3109870045bus:PrivateLimitedCompanyLtd2022-02-012023-01-3109870045core:WithinOneYear2023-01-3109870045core:AfterOneYear2023-01-3109870045core:WithinOneYear2022-01-3109870045core:AfterOneYear2022-01-3109870045core:ShareCapital2023-01-3109870045core:SharePremium2023-01-3109870045core:RevaluationReserve2023-01-3109870045core:OtherReservesSubtotal2023-01-3109870045core:RetainedEarningsAccumulatedLosses2023-01-3109870045core:ShareCapital2022-01-3109870045core:SharePremium2022-01-3109870045core:RevaluationReserve2022-01-3109870045core:OtherReservesSubtotal2022-01-3109870045core:RetainedEarningsAccumulatedLosses2022-01-3109870045core:LandBuildings2023-01-3109870045core:PlantMachinery2023-01-3109870045core:Vehicles2023-01-3109870045core:FurnitureFittings2023-01-3109870045core:OfficeEquipment2023-01-3109870045core:NetGoodwill2023-01-3109870045core:IntangibleAssetsOtherThanGoodwill2023-01-3109870045core:ListedExchangeTraded2023-01-3109870045core:UnlistedNon-exchangeTraded2023-01-3109870045core:LandBuildings2022-01-3109870045core:PlantMachinery2022-01-3109870045core:Vehicles2022-01-3109870045core:FurnitureFittings2022-01-3109870045core:OfficeEquipment2022-01-3109870045core:NetGoodwill2022-01-3109870045core:IntangibleAssetsOtherThanGoodwill2022-01-3109870045core:ListedExchangeTraded2022-01-3109870045core:UnlistedNon-exchangeTraded2022-01-3109870045core:LandBuildings2022-02-012023-01-3109870045core:PlantMachinery2022-02-012023-01-3109870045core:Vehicles2022-02-012023-01-3109870045core:FurnitureFittings2022-02-012023-01-3109870045core:OfficeEquipment2022-02-012023-01-3109870045core:NetGoodwill2022-02-012023-01-3109870045core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3109870045core:ListedExchangeTraded2022-02-012023-01-3109870045core:UnlistedNon-exchangeTraded2022-02-012023-01-3109870045core:MoreThanFiveYears2022-02-012023-01-3109870045core:Non-currentFinancialInstruments2023-01-3109870045core:Non-currentFinancialInstruments2022-01-3109870045dpl:CostSales2022-02-012023-01-3109870045dpl:DistributionCosts2022-02-012023-01-3109870045dpl:AdministrativeExpenses2022-02-012023-01-3109870045core:LandBuildings2022-02-012023-01-3109870045core:PlantMachinery2022-02-012023-01-3109870045core:Vehicles2022-02-012023-01-3109870045core:FurnitureFittings2022-02-012023-01-3109870045core:OfficeEquipment2022-02-012023-01-3109870045core:NetGoodwill2022-02-012023-01-3109870045core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3109870045dpl:GroupUndertakings2022-02-012023-01-3109870045dpl:ParticipatingInterests2022-02-012023-01-3109870045dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3109870045core:ListedExchangeTraded2022-02-012023-01-3109870045dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3109870045core:UnlistedNon-exchangeTraded2022-02-012023-01-3109870045dpl:CostSales2020-12-012022-01-3109870045dpl:DistributionCosts2020-12-012022-01-3109870045dpl:AdministrativeExpenses2020-12-012022-01-3109870045core:LandBuildings2020-12-012022-01-3109870045core:PlantMachinery2020-12-012022-01-3109870045core:Vehicles2020-12-012022-01-3109870045core:FurnitureFittings2020-12-012022-01-3109870045core:OfficeEquipment2020-12-012022-01-3109870045core:NetGoodwill2020-12-012022-01-3109870045core:IntangibleAssetsOtherThanGoodwill2020-12-012022-01-3109870045dpl:GroupUndertakings2020-12-012022-01-3109870045dpl:ParticipatingInterests2020-12-012022-01-3109870045dpl:GroupUndertakingscore:ListedExchangeTraded2020-12-012022-01-3109870045core:ListedExchangeTraded2020-12-012022-01-3109870045dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-12-012022-01-3109870045core:UnlistedNon-exchangeTraded2020-12-012022-01-3109870045core:NetGoodwill2023-01-3109870045core:IntangibleAssetsOtherThanGoodwill2023-01-3109870045core:LandBuildings2023-01-3109870045core:PlantMachinery2023-01-3109870045core:Vehicles2023-01-3109870045core:FurnitureFittings2023-01-3109870045core:OfficeEquipment2023-01-3109870045core:AfterOneYear2023-01-3109870045core:WithinOneYear2023-01-3109870045core:ListedExchangeTraded2023-01-3109870045core:UnlistedNon-exchangeTraded2023-01-3109870045core:ShareCapital2023-01-3109870045core:SharePremium2023-01-3109870045core:RevaluationReserve2023-01-3109870045core:OtherReservesSubtotal2023-01-3109870045core:RetainedEarningsAccumulatedLosses2023-01-3109870045core:NetGoodwill2022-01-3109870045core:IntangibleAssetsOtherThanGoodwill2022-01-3109870045core:LandBuildings2022-01-3109870045core:PlantMachinery2022-01-3109870045core:Vehicles2022-01-3109870045core:FurnitureFittings2022-01-3109870045core:OfficeEquipment2022-01-3109870045core:AfterOneYear2022-01-3109870045core:WithinOneYear2022-01-3109870045core:ListedExchange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ACE 88 LTD

Registered Number
09870045
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

ACE 88 LTD
Company Information
for the year from 1 February 2022 to 31 January 2023

Directors

Mr. Bipesh Patel
Mr. Arkish Patel

Registered Address

Unit 4a Bevan Court
Bevan Close
Wellingborough
NN8 4BL

Registered Number

09870045 (England and Wales)
ACE 88 LTD
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets656,8522,358
56,8522,358
Current assets
Stocks711,79215,063
Debtors83,3913,822
Cash at bank and on hand23,19319,988
38,37638,873
Creditors amounts falling due within one year9(92,915)(33,443)
Net current assets (liabilities)(54,539)5,430
Total assets less current liabilities2,3137,788
Net assets2,3137,788
Capital and reserves
Called up share capital100100
Profit and loss account2,2137,688
Shareholders' funds2,3137,788
The financial statements were approved and authorised for issue by the Board of Directors on 12 October 2023, and are signed on its behalf by:
Mr. Bipesh Patel
Director
Registered Company No. 09870045
ACE 88 LTD
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
Ace 88 Ltd is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The presentation currency of the financial statements is the Pound Sterling (£).
2.Principal activities
The principal activity of the company in the period under review was that of information technology service activities.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
5.Employee information

20232022
Average number of employees during the year22
6.Property, plant and equipment

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 February 22-3,1803,180
Additions62,8903,68866,578
At 31 January 2362,8906,86869,758
Depreciation and impairment
At 01 February 22-822822
Charge for year11,53155312,084
At 31 January 2311,5311,37512,906
Net book value
At 31 January 2351,3595,49356,852
At 31 January 22-2,3582,358
7.Stocks

2023

2022

££
Finished goods11,79215,063
Total11,79215,063
8.Debtors

2023

2022

££
Trade debtors / trade receivables1,7703,303
Other debtors383101
Prepayments and accrued income1,238418
Total3,3913,822
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables47,7531,009
Bank borrowings and overdrafts41,50126,135
Taxation and social security3,6616,150
Accrued liabilities and deferred income-149
Total92,91533,443