Company Registration No. 03807803 (England and Wales)
ACEMASTER SERVICES LIMITED
Unaudited accounts
for the year ended 30 June 2023
ACEMASTER SERVICES LIMITED
Unaudited accounts
Contents
ACEMASTER SERVICES LIMITED
Company Information
for the year ended 30 June 2023
Director
Colin Raymond Medway
Secretary
Vanessa Frances Medway
Company Number
03807803 (England and Wales)
Registered Office
South Croft
106 Bryn Road, Brynmenyn
Bridgend
Mid Glamorgan
CF32 9LU
Accountants
Richlands Accountancy Ltd
Richlands
Maesteg Road
Tondu
Bridgend
CF32 9BT
ACEMASTER SERVICES LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
377,663
381,882
Cash at bank and in hand
34,913
60,326
Creditors: amounts falling due within one year
(60,329)
(90,173)
Net current assets
9,788
6,234
Total assets less current liabilities
387,451
388,116
Provisions for liabilities
Deferred tax
(59,938)
(59,938)
Net assets
327,513
328,178
Called up share capital
35,000
35,000
Revaluation reserve
255,523
255,523
Profit and loss account
36,990
37,655
Shareholders' funds
327,513
328,178
For the year ending 30 June 2023 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 7 March 2024 and were signed on its behalf by
Colin Raymond Medway
Director
Company Registration No. 03807803
ACEMASTER SERVICES LIMITED
Notes to the Accounts
for the year ended 30 June 2023
ACEMASTER SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03807803. The registered office is South Croft, 106 Bryn Road, Brynmenyn, Bridgend, Mid Glamorgan, CF32 9LU.
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:
Land & buildings
1% straight line
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
380,000
10,908
6,995
397,903
At 30 June 2023
380,000
10,908
6,995
397,903
At 1 July 2022
-
9,864
6,157
16,021
Charge for the year
3,800
209
210
4,219
At 30 June 2023
3,800
10,073
6,367
20,240
At 30 June 2023
376,200
835
628
377,663
At 30 June 2022
380,000
1,044
838
381,882
The directors consider the valuation of the property at 30 June 2022 to be £380,000. This is based on the valuation of similar properties in the area and the directors local knowledge. The property has not been subject to an independent professional valuation.
ACEMASTER SERVICES LIMITED
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Trade debtors
23,322
30,957
Accrued income and prepayments
2,310
2,224
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
22,047
34,109
Taxes and social security
1,999
2,653
Loans from directors
35,433
50,170
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).