Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31No description of principal activitytruefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false182022-09-0119 10585473 2022-09-01 2023-08-31 10585473 2021-09-01 2022-08-31 10585473 2023-08-31 10585473 2022-08-31 10585473 c:Director2 2022-09-01 2023-08-31 10585473 d:CurrentFinancialInstruments 2023-08-31 10585473 d:CurrentFinancialInstruments 2022-08-31 10585473 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10585473 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 10585473 d:RetainedEarningsAccumulatedLosses 2023-08-31 10585473 d:RetainedEarningsAccumulatedLosses 2022-08-31 10585473 c:FRS102 2022-09-01 2023-08-31 10585473 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 10585473 c:FullAccounts 2022-09-01 2023-08-31 10585473 c:CompanyLimitedByGuarantee 2022-09-01 2023-08-31 10585473 d:WithinOneYear 2023-08-31 10585473 d:WithinOneYear 2022-08-31 iso4217:GBP xbrli:pure
Registered number: 10585473









ACE ENHANCED SERVICES LIMITED
(A company limited by guarantee)
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023














 
ACE ENHANCED SERVICES LIMITED
  
REGISTERED NUMBER:10585473

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
2,028
2,394

Cash at bank and in hand
  
213,979
60,466

  
216,007
62,860

Creditors: amounts falling due within one year
 5 
(255,662)
(118,799)

Net current liabilities
  
 
 
(39,655)
 
 
(55,939)

Total assets less current liabilities
  
(39,655)
(55,939)

  

Net liabilities
  
(39,655)
(55,939)


Capital and reserves
  

Profit and loss account
  
(39,655)
(55,939)

  
(39,655)
(55,939)


Page 1

 
ACE ENHANCED SERVICES LIMITED
  
REGISTERED NUMBER:10585473
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 January 2024.




C Weyman
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ACE ENHANCED SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Ace Enhanced Services is a company limited by gurantee, registered in England and Wales, registered number is 10585473. The registered office is Totnes St John's Primary School, Pathfields, Totnes, TQ9 5TZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
ACE ENHANCED SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2022 - 19).


4.


Debtors

2023
2022
£
£


Trade debtors
633
1,053

Prepayments and accrued income
1,395
1,341

2,028
2,394


Page 4

 
ACE ENHANCED SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,200
2,025

Amounts owed to parent
249,440
112,288

Other taxation and social security
2,079
1,861

Other creditors
1,323
1,065

Accruals and deferred income
1,620
1,560

255,662
118,799




6.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.


7.


Controlling Party

The company is controlled by its parent company, The Academies of Character and Excellence. The Academies For Character and Excellence is a company limited by guarantee registered in England and Wales and operates academy schools in Devon.


8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately form those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £5,786 (2022 - £5,774). Contributions totalling £1,078 (2022 - £1,065) were payable to the fund at the balance sheet date and are included in creditors.


9.


Commitments under operating leases

At 31 August 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
13,632
12,416

13,632
12,416

 
Page 5