ACE PROLET LTD

Company Registration Number:
07531604 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

ACE PROLET LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

ACE PROLET LTD

Company Information

for the Period Ended 28 February 2023




Director: Florence Olongo
Dinis Camacho
Registered office: 63
Swan Road
London
England
SE16 7DY
Company Registration Number: 07531604 (England and Wales)

ACE PROLET LTD

Balance sheet

As at 28 February 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 3,260 6,340
Total fixed assets: 3,260 6,340
Current assets
Cash at bank and in hand: 127 783
Total current assets: 127 783
Creditors: amounts falling due within one year: ( 90,192 ) ( 83,678 )
Net current assets (liabilities): ( 90,065 ) ( 82,895 )
Total assets less current liabilities: ( 86,805 ) ( 76,555 )
Total net assets (liabilities): ( 86,805 ) ( 76,555 )

The notes form part of these financial statements

ACE PROLET LTD

Balance sheet continued

As at 28 February 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 5 5
Profit and loss account: ( 86,810 ) ( 76,560 )
Shareholders funds: ( 86,805 ) ( 76,555 )

For the year ending 28 February 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 November 2023
And Signed On Behalf Of The Board By:

Name: Florence Olongo
Status: Director

The notes form part of these financial statements

ACE PROLET LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the value of services provided under an agreement to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a service/work has been partially completed at the balance sheet date; turnover represent the value of service provided to date based on a proportion of the total expected consideration at completion.
    Where payments are received from customers in advance of services provided, the amount are recorded as Deferred income and included as part of Creditors due within one year.

    Tangible fixed assets depreciation policy

    Fixed Assets are depreciated over their useful life using the straight line method at the following rate:
    Vehicle & Office Equipment 20%

ACE PROLET LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

ACE PROLET LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 3. Off balance sheet disclosure

    No

ACE PROLET LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Tangible Assets

Total
Cost £
At 01 March 2022 15,399
Additions -
Disposals -
Revaluations -
Transfers -
At 28 February 2023 15,399
Depreciation
At 01 March 2022 9,059
Charge for year 3,080
On disposals -
Other adjustments -
At 28 February 2023 12,139
Net book value
At 28 February 2023 3,260
At 28 February 2022 6,340

Fixed Assets are depreciated over their useful life using the straight line method at the following rate:
Vehicle & Office Equipment 20%