2023-03-01 07170161 2024-02-28 07170161 2023-03-01 2024-02-28 07170161 2023-02-28 07170161 2022-03-01 2023-02-28 07170161 uk-core:WithinOneYear 2023-02-28 07170161 uk-core:WithinOneYear 2024-02-28 07170161 uk-core:ShareCapital 2024-02-28 07170161 uk-core:ShareCapital 2023-02-28 07170161 uk-core:RetainedEarningsAccumulatedLosses 2024-02-28 07170161 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 07170161 uk-bus:Director1 2023-03-01 2024-02-28 07170161 uk-core:PlantMachinery 2023-03-01 2024-02-28 07170161 uk-core:ComputerEquipment 2023-03-01 2024-02-28 07170161 uk-core:ComputerEquipment 2023-02-28 07170161 uk-core:PlantMachinery 2023-02-28 07170161 uk-core:PlantMachinery 2024-02-28 07170161 uk-core:ComputerEquipment 2024-02-28 iso4217:GBP xbrli:pure 07170161 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 07170161 uk-bus:FRS102 2023-03-01 2024-02-28 07170161 uk-bus:FilletedAccounts 2023-03-01 2024-02-28 07170161 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28
Ace Marine Services & Solutions Ltd
Registered Number:07170161
For the year ended 28 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2024
Ace Marine Services & Solutions Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07170161
As at 28 February 2024
Ace Marine Services & Solutions Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
21,542
28,937
2
21,542
28,937
Current assets
Inventories
4,875
21,825
3
Trade and other receivables
79,227
134,649
4
21,356
Cash and cash equivalents
76,835
233,309
105,458
Trade and other payables: amounts falling due within one
year
(71,370)
(105,321)
5
34,088
127,988
Net current assets
Total assets less current liabilities
149,530
63,025
149,530
Net assets
63,025
Capital and reserves
Called up share capital
100
100
Retained earnings
149,430
62,925
149,530
63,025
Shareholders' funds
For the year ended 28 February 2024 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 of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Bryan Richard Davies Director
These financial statements were approved and authorised for issue by the Board on 04 April 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 28 February 2024
Ace Marine Services & Solutions Ltd
Notes to the Financial Statements
Statutory Information
Ace Marine Services & Solutions Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07170161.
Registered address:
Hamble Yacht Services
Port Hamble
Hamble
Hampshire
SO31 4NN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25 Reducing balance
25 Reducing balance
Computer Equipment
2. Property, plant and equipment
Total
Computer
Equipment
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 March 2023
49,934
4,967
44,967
At 28 February 2024
44,967
4,967
49,934
Provision for depreciation and impairment
At 01 March 2023
20,997
2,970
18,027
Charge for year
7,395
660
6,735
At 28 February 2024
28,392
3,630
24,762
At 28 February 2024
Net book value
20,205
1,337
21,542
At 28 February 2023
26,940
1,997
28,937
2 of 3
5
For the year ended 28 February 2024
Ace Marine Services & Solutions Ltd
Notes to the Financial Statements Continued
3. Inventories
2023
2024
£
£
Stocks
21,825
4,875
4. Trade and other receivables
2023
2024
£
£
Trade debtors
134,378
78,965
Other debtors
271
262
79,227
134,649
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
11,660
19,453
Taxation and social security
38,399
12,433
Other creditors
55,262
39,484
105,321
71,370
6. Average number of persons employed
During the year the average number of employees was 2 (2023 : 1)
3 of 3