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REGISTERED NUMBER: 12380021 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Ace Of Fades London Limited

Ace Of Fades London Limited (Registered number: 12380021)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ace Of Fades London Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: H Khan





REGISTERED OFFICE: 38 High Road
London
NW10 2QD





REGISTERED NUMBER: 12380021 (England and Wales)





ACCOUNTANTS: J C Associates
Chartered Certified Accountants
& Chartered Accountants
29 The Avenue
Harrow
HA3 7DB

Ace Of Fades London Limited (Registered number: 12380021)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,390 15,187

CURRENT ASSETS
Cash at bank and in hand 3,833 241

CREDITORS
Amounts falling due within one year 5 10,035 3,996
NET CURRENT LIABILITIES (6,202 ) (3,755 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,188

11,432

CREDITORS
Amounts falling due after more than one year 6 7,163 9,581
NET (LIABILITIES)/ASSETS (1,975 ) 1,851

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,976 ) 1,850
SHAREHOLDERS' FUNDS (1,975 ) 1,851

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

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

The director acknowledges his 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 Of Fades London Limited (Registered number: 12380021)

Balance Sheet - continued
31 December 2023


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

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

The financial statements were approved by the director and authorised for issue on 2 April 2024 and were signed by:





H Khan - Director


Ace Of Fades London Limited (Registered number: 12380021)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Ace Of Fades London 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 30,000
DEPRECIATION
At 1 January 2023 14,813
Charge for year 3,797
At 31 December 2023 18,610
NET BOOK VALUE
At 31 December 2023 11,390
At 31 December 2022 15,187

Ace Of Fades London Limited (Registered number: 12380021)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 1
Taxation and social security 8,984 752
Other creditors 1,051 3,243
10,035 3,996

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 7,163 9,581

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,163 9,581