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REGISTERED NUMBER: 12783807 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

3ACE MEP CONTRACTORS (UK) LIMITED

3ACE MEP CONTRACTORS (UK) LIMITED (REGISTERED NUMBER: 12783807)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


3ACE MEP CONTRACTORS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr E Michailidis





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 12783807 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

3ACE MEP CONTRACTORS (UK) LIMITED (REGISTERED NUMBER: 12783807)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 3,852

CURRENT ASSETS
Stocks 5 - 3,996
Debtors 6 7,920 30,286
Cash at bank and in hand 3,223 37,512
11,143 71,794
CREDITORS
Amounts falling due within one year 7 316,425 344,963
NET CURRENT LIABILITIES (305,282 ) (273,169 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(305,282

)

(269,317

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (305,382 ) (269,417 )
SHAREHOLDERS' FUNDS (305,282 ) (269,317 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:




Mr E Michailidis - Director


3ACE MEP CONTRACTORS (UK) LIMITED (REGISTERED NUMBER: 12783807)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

3ace Mep Contractors (UK) 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 includes revenue earned from the rendering of services which is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. This is stated after trade discounts, other sales taxes and net of VAT.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

3ACE MEP CONTRACTORS (UK) LIMITED (REGISTERED NUMBER: 12783807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 3,760 557 2,210 6,527
Disposals (3,760 ) (557 ) (2,210 ) (6,527 )
At 31 July 2023 - - - -
DEPRECIATION
At 1 August 2022 1,645 243 787 2,675
Eliminated on disposal (1,645 ) (243 ) (787 ) (2,675 )
At 31 July 2023 - - - -
NET BOOK VALUE
At 31 July 2023 - - - -
At 31 July 2022 2,115 314 1,423 3,852

5. STOCKS
31.7.23 31.7.22
£    £   
Stocks - 3,996

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 7,500 3,139
Other debtors - 1,961
VAT 237 18,758
Prepayments and accrued income 183 6,428
7,920 30,286

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 241 35,353
Social security and other taxes 65 9,814
Pensions Payable - 244
Other creditors 109,919 103,977
Amounts due to related company 204,200 193,150
Accrued expenses 2,000 2,425
316,425 344,963

3ACE MEP CONTRACTORS (UK) LIMITED (REGISTERED NUMBER: 12783807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 August 2022 (269,417 )
Deficit for the year (35,965 )
At 31 July 2023 (305,382 )