2022-11-032023-11-302023-11-30false14459989ACE KNOX LTD2024-08-0147410iso4217:GBPxbrli:pure144599892022-11-03144599892023-11-30144599892022-11-032023-11-30144599892022-11-02144599892022-11-02144599892022-11-022022-11-0214459989bus:SmallEntities2022-11-032023-11-3014459989bus:AuditExempt-NoAccountantsReport2022-11-032023-11-3014459989bus:FullAccounts2022-11-032023-11-3014459989bus:PrivateLimitedCompanyLtd2022-11-032023-11-3014459989core:WithinOneYear2023-11-3014459989core:AfterOneYear2023-11-3014459989core:WithinOneYear2022-11-0214459989core:AfterOneYear2022-11-0214459989core:ShareCapital2023-11-3014459989core:SharePremium2023-11-3014459989core:RevaluationReserve2023-11-3014459989core:OtherReservesSubtotal2023-11-3014459989core:RetainedEarningsAccumulatedLosses2023-11-3014459989core:ShareCapital2022-11-0214459989core:SharePremium2022-11-0214459989core:RevaluationReserve2022-11-0214459989core:OtherReservesSubtotal2022-11-0214459989core:RetainedEarningsAccumulatedLosses2022-11-0214459989core:LandBuildings2023-11-3014459989core:PlantMachinery2023-11-3014459989core:Vehicles2023-11-3014459989core:FurnitureFittings2023-11-3014459989core:OfficeEquipment2023-11-3014459989core:NetGoodwill2023-11-3014459989core:IntangibleAssetsOtherThanGoodwill2023-11-3014459989core:ListedExchangeTraded2023-11-3014459989core:UnlistedNon-exchangeTraded2023-11-3014459989core:LandBuildings2022-11-0214459989core:PlantMachinery2022-11-0214459989core:Vehicles2022-11-0214459989core:FurnitureFittings2022-11-0214459989core:OfficeEquipment2022-11-0214459989core:NetGoodwill2022-11-0214459989core:IntangibleAssetsOtherThanGoodwill2022-11-0214459989core:ListedExchangeTraded2022-11-0214459989core:UnlistedNon-exchangeTraded2022-11-0214459989core:LandBuildings2022-11-032023-11-3014459989core:PlantMachinery2022-11-032023-11-3014459989core:Vehicles2022-11-032023-11-3014459989core:FurnitureFittings2022-11-032023-11-3014459989core:OfficeEquipment2022-11-032023-11-3014459989core:NetGoodwill2022-11-032023-11-3014459989core:IntangibleAssetsOtherThanGoodwill2022-11-032023-11-3014459989core:ListedExchangeTraded2022-11-032023-11-3014459989core:UnlistedNon-exchangeTraded2022-11-032023-11-3014459989core:MoreThanFiveYears2022-11-032023-11-3014459989core:Non-currentFinancialInstruments2023-11-3014459989core:Non-currentFinancialInstruments2022-11-0214459989dpl:CostSales2022-11-032023-11-3014459989dpl:DistributionCosts2022-11-032023-11-3014459989core:LandBuildings2022-11-032023-11-3014459989core:PlantMachinery2022-11-032023-11-3014459989core:Vehicles2022-11-032023-11-3014459989core:FurnitureFittings2022-11-032023-11-3014459989core:OfficeEquipment2022-11-032023-11-3014459989dpl:AdministrativeExpenses2022-11-032023-11-3014459989core:NetGoodwill2022-11-032023-11-3014459989core:IntangibleAssetsOtherThanGoodwill2022-11-032023-11-3014459989dpl:GroupUndertakings2022-11-032023-11-3014459989dpl:ParticipatingInterests2022-11-032023-11-3014459989dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-032023-11-3014459989core:ListedExchangeTraded2022-11-032023-11-3014459989dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-032023-11-3014459989core:UnlistedNon-exchangeTraded2022-11-032023-11-3014459989dpl:CostSales2022-11-022022-11-0214459989dpl:DistributionCosts2022-11-022022-11-0214459989core:LandBuildings2022-11-022022-11-0214459989core:PlantMachinery2022-11-022022-11-0214459989core:Vehicles2022-11-022022-11-0214459989core:FurnitureFittings2022-11-022022-11-0214459989core:OfficeEquipment2022-11-022022-11-0214459989dpl:AdministrativeExpenses2022-11-022022-11-0214459989core:NetGoodwill2022-11-022022-11-0214459989core:IntangibleAssetsOtherThanGoodwill2022-11-022022-11-0214459989dpl:GroupUndertakings2022-11-022022-11-0214459989dpl:ParticipatingInterests2022-11-022022-11-0214459989dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-022022-11-0214459989core:ListedExchangeTraded2022-11-022022-11-0214459989dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-022022-11-0214459989core:UnlistedNon-exchangeTraded2022-11-022022-11-0214459989core:NetGoodwill2023-11-3014459989core:IntangibleAssetsOtherThanGoodwill2023-11-3014459989core:LandBuildings2023-11-3014459989core:PlantMachinery2023-11-3014459989core:Vehicles2023-11-3014459989core:FurnitureFittings2023-11-3014459989core:OfficeEquipment2023-11-3014459989core:AfterOneYear2023-11-3014459989core:WithinOneYear2023-11-3014459989core:ListedExchangeTraded2023-11-3014459989core:UnlistedNon-exchangeTraded2023-11-3014459989core:ShareCapital2023-11-3014459989core:SharePremium2023-11-3014459989core:RevaluationReserve2023-11-3014459989core:OtherReservesSubtotal2023-11-3014459989core:RetainedEarningsAccumulatedLosses2023-11-3014459989core:NetGoodwill2022-11-0214459989core:IntangibleAssetsOtherThanGoodwill2022-11-0214459989core:LandBuildings2022-11-0214459989core:PlantMachinery2022-11-0214459989core:Vehicles2022-11-0214459989core:FurnitureFittings2022-11-0214459989core:OfficeEquipment2022-11-0214459989core:AfterOneYear2022-11-0214459989core:WithinOneYear2022-11-0214459989core:ListedExchangeTraded2022-11-0214459989core:UnlistedNon-exchangeTraded2022-11-0214459989core:ShareCapital2022-11-0214459989core:SharePremium2022-11-0214459989core:RevaluationReserve2022-11-0214459989core:OtherReservesSubtotal2022-11-0214459989core:RetainedEarningsAccumulatedLosses2022-11-0214459989core:NetGoodwill2022-11-0214459989core:IntangibleAssetsOtherThanGoodwill2022-11-0214459989core:LandBuildings2022-11-0214459989core:PlantMachinery2022-11-0214459989core:Vehicles2022-11-0214459989core:FurnitureFittings2022-11-0214459989core:OfficeEquipment2022-11-0214459989core:AfterOneYear2022-11-0214459989core:WithinOneYear2022-11-0214459989core:ListedExchangeTraded2022-11-0214459989core:UnlistedNon-exchangeTraded2022-11-0214459989core:ShareCapital2022-11-0214459989core:SharePremium2022-11-0214459989core:RevaluationReserve2022-11-0214459989core:OtherReservesSubtotal2022-11-0214459989core:RetainedEarningsAccumulatedLosses2022-11-0214459989core:AfterOneYear2022-11-032023-11-3014459989core:WithinOneYear2022-11-032023-11-3014459989core:Non-currentFinancialInstrumentscore:CostValuation2022-11-032023-11-3014459989core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-11-032023-11-3014459989core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-11-032023-11-3014459989core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-11-032023-11-3014459989core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-11-032023-11-3014459989core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-11-032023-11-3014459989core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-11-032023-11-3014459989core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-11-032023-11-3014459989core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-11-032023-11-3014459989core:Non-currentFinancialInstrumentscore:CostValuation2023-11-3014459989core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-11-3014459989core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-11-3014459989core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-11-3014459989core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-11-3014459989core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-11-3014459989core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-11-3014459989core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-11-3014459989core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-11-3014459989core:Non-currentFinancialInstrumentscore:CostValuation2022-11-0214459989core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-11-0214459989core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-11-0214459989core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-11-0214459989core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-11-0214459989core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-11-0214459989core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-11-0214459989core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-11-0214459989core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-11-0214459989bus:Director12022-11-032023-11-3014459989core:FurnitureFittingsToolsEquipment2022-11-032023-11-3014459989core:FurnitureFittingsToolsEquipment2023-11-3014459989core:FurnitureFittingsToolsEquipment2022-11-02

ACE KNOX LTD

Registered Number
14459989
(England and Wales)

Unaudited Financial Statements for the Period ended
30 November 2023

ACE KNOX LTD
Company Information
for the period from 3 November 2022 to 30 November 2023

Director

MUNRO, Neil James

Registered Address

16b Burgate
Canterbury
CT1 2HG

Registered Number

14459989 (England and Wales)
ACE KNOX LTD
Balance Sheet as at
30 November 2023

Notes

2023

£

£

Fixed assets
Intangible assets4900
Tangible assets52,928
3,828
Current assets
Stocks680,190
Debtors71,933
Cash at bank and on hand4,098
86,221
Creditors amounts falling due within one year8(66,211)
Net current assets (liabilities)20,010
Total assets less current liabilities23,838
Provisions for liabilities9(556)
Net assets23,282
Capital and reserves
Called up share capital100
Profit and loss account23,182
Shareholders' funds23,282
The financial statements were approved and authorised for issue by the Director on 1 August 2024, and are signed on its behalf by:
MUNRO, Neil James
Director
Registered Company No. 14459989
ACE KNOX LTD
Notes to the Financial Statements
for the period ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Fixtures and fittings4
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.Average number of employees

2023
Average number of employees during the year6
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Intangible assets

Goodwill

Total

££
Cost or valuation
Additions1,0001,000
At 30 November 231,0001,000
Amortisation and impairment
Charge for year100100
At 30 November 23100100
Net book value
At 30 November 23900900
At 02 November 22--
5.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
Additions3,7783,778
At 30 November 233,7783,778
Depreciation and impairment
Charge for year850850
At 30 November 23850850
Net book value
At 30 November 232,9282,928
At 02 November 22--
6.Stocks

2023

£
Other stocks80,190
Total80,190
7.Debtors: amounts due within one year

2023

£
Trade debtors / trade receivables1,598
Prepayments and accrued income335
Total1,933
8.Creditors: amounts due within one year

2023

£
Trade creditors / trade payables28,185
Taxation and social security9,669
Other creditors26,688
Accrued liabilities and deferred income1,669
Total66,211
9.Provisions for liabilities

2023

£
Net deferred tax liability (asset)556
Total556