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REGISTERED NUMBER: 03733500 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ACE COPYING EQUIPMENT LIMITED

ACE COPYING EQUIPMENT LIMITED (REGISTERED NUMBER: 03733500)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ACE COPYING EQUIPMENT LIMITED

COMPANY INFORMATION
for the year ended 31 October 2023







DIRECTORS: R Atherton
H S Atherton
S M Holroyd
G Hilton





SECRETARY: G Hilton





REGISTERED OFFICE: Unit 9
Union Close
Kettlebrook Road
Tamworth
Staffordshire
B77 1BB





REGISTERED NUMBER: 03733500 (England and Wales)






ACE COPYING EQUIPMENT LIMITED (REGISTERED NUMBER: 03733500)

ABRIDGED BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 38,176 34,828
38,176 34,828

CURRENT ASSETS
Stocks 42,850 28,750
Debtors 93,414 91,309
Cash at bank 141,662 166,426
277,926 286,485
CREDITORS
Amounts falling due within one year 114,895 121,509
NET CURRENT ASSETS 163,031 164,976
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,207

199,804

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 152,546 152,546
Retained earnings 47,661 46,258
SHAREHOLDERS' FUNDS 201,207 199,804

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ACE COPYING EQUIPMENT LIMITED (REGISTERED NUMBER: 03733500)

ABRIDGED BALANCE SHEET - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 January 2024 and were signed on its behalf by:





R Atherton - Director


ACE COPYING EQUIPMENT LIMITED (REGISTERED NUMBER: 03733500)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Ace Copying Equipment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill is amortised evenly over its estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost and 25% on reducing balance
Fixtures & fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ACE COPYING EQUIPMENT LIMITED (REGISTERED NUMBER: 03733500)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 75,000
AMORTISATION
At 1 November 2022
and 31 October 2023 75,000
NET BOOK VALUE

At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 135,097
Additions 20,400
Disposals (18,817 )
At 31 October 2023 136,680
DEPRECIATION
At 1 November 2022 100,269
Charge for year 13,848
Eliminated on disposal (15,613 )
At 31 October 2023 98,504
NET BOOK VALUE
At 31 October 2023 38,176
At 31 October 2022 34,828

6. PENSION COMMITMENTS

Pension contributions outstanding to be paid at the year end were £957 (2022: £1,025)