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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
Page
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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
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ACEMASTER SERVICES LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
377,663 
381,882 
Current assets
Inventories
3,025 
2,900 
Debtors
32,179 
33,181 
Cash at bank and in hand
34,913 
60,326 
70,117 
96,407 
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 
Capital and reserves
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
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ACEMASTER SERVICES LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
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.
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ACEMASTER SERVICES LIMITED Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
6,547 
- 
Trade debtors
23,322 
30,957 
Accrued income and prepayments
2,310 
2,224 
32,179 
33,181 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
2,391 
Trade creditors
22,047 
34,109 
Taxes and social security
1,999 
2,653 
Loans from directors
35,433 
50,170 
Accruals
850 
850 
60,329 
90,173 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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