AACE Pro Ltd 11916432 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is taxation consultancy Digita Accounts Production Advanced 6.30.9574.0 true 11916432 2023-04-01 2024-03-31 11916432 2024-03-31 11916432 core:CurrentFinancialInstruments 2024-03-31 11916432 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11916432 core:OfficeEquipment 2024-03-31 11916432 bus:SmallEntities 2023-04-01 2024-03-31 11916432 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11916432 bus:FilletedAccounts 2023-04-01 2024-03-31 11916432 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11916432 bus:RegisteredOffice 2023-04-01 2024-03-31 11916432 bus:Director1 2023-04-01 2024-03-31 11916432 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11916432 core:ComputerEquipment 2023-04-01 2024-03-31 11916432 core:OfficeEquipment 2023-04-01 2024-03-31 11916432 countries:EnglandWales 2023-04-01 2024-03-31 11916432 2023-03-31 11916432 core:OfficeEquipment 2023-03-31 11916432 2022-04-01 2023-03-31 11916432 2023-03-31 11916432 core:CurrentFinancialInstruments 2023-03-31 11916432 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11916432 core:OfficeEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 11916432

AACE Pro Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

AACE Pro Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

AACE Pro Ltd

(Registration number: 11916432)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

341

455

Current assets

 

Debtors

5

27,918

10,470

Cash at bank and in hand

 

622

84

 

28,540

10,554

Creditors: Amounts falling due within one year

6

(9,228)

(10,233)

Net current assets

 

19,312

321

Net assets

 

19,653

776

Capital and reserves

 

Called up share capital

1

1

Retained earnings

19,652

775

Shareholders' funds

 

19,653

776

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 August 2024
 

.........................................
Mrs A G Caiger
Director

 

AACE Pro Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Windrush House
55 Crawley Road
Witney
Oxfordshire
OX28 1HX
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Reducing balance

 

AACE Pro Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

AACE Pro Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

910

910

At 31 March 2024

910

910

Depreciation

At 1 April 2023

455

455

Charge for the year

114

114

At 31 March 2024

569

569

Carrying amount

At 31 March 2024

341

341

At 31 March 2023

455

455

5

Debtors

Current

2024
£

2023
£

Trade debtors

2,725

9,513

Prepayments

1,043

957

Other debtors

24,150

-

 

27,918

10,470

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

2,588

8,562

Taxation and social security

6,008

465

Other creditors

632

1,206

9,228

10,233