Company Registration No. 12007685 (England and Wales)
ACE OF CUT BARBERS LIMITED
Unaudited accounts
for the year ended 31 May 2024
ACE OF CUT BARBERS LIMITED
Unaudited accounts
Contents
ACE OF CUT BARBERS LIMITED
Company Information
for the year ended 31 May 2024
Director
MASSOUD SEYEDTABATABAIE
Company Number
12007685 (England and Wales)
Registered Office
624 BEARWOOD ROAD
SMETHWICK
B66 4BW
ENGLAND
Accountants
Fouladi and Co Accountants
30 High Street
Cradley Heath
West Midlands
B64 5HL
ACE OF CUT BARBERS LIMITED
Accountants' report
Accountants' report to the director of ACE OF CUT BARBERS LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ACE OF CUT BARBERS LIMITED for the year ended
31 May 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ACE OF CUT BARBERS LIMITED, as a body, in accordance with the terms of our engagement letter dated 1 June 2023. Our work has been undertaken solely to prepare for your approval the accounts of ACE OF CUT BARBERS LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ACE OF CUT BARBERS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ACE OF CUT BARBERS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of ACE OF CUT BARBERS LIMITED. You consider that ACE OF CUT BARBERS LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ACE OF CUT BARBERS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Fouladi and Co Accountants
30 High Street
Cradley Heath
West Midlands
B64 5HL
9 August 2024
ACE OF CUT BARBERS LIMITED
Statement of financial position
as at 31 May 2024
Intangible assets
8,000
8,000
Cash at bank and in hand
26
48
Creditors: amounts falling due within one year
(9,745)
(6,023)
Net current liabilities
(7,819)
(2,175)
Total assets less current liabilities
181
5,825
Creditors: amounts falling due after more than one year
(3,891)
(5,833)
Net liabilities
(3,710)
(8)
Profit and loss account
(3,711)
(9)
Shareholders' funds
(3,710)
(8)
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 August 2024 and were signed on its behalf by
MASSOUD SEYEDTABATABAIE
Director
Company Registration No. 12007685
ACE OF CUT BARBERS LIMITED
Notes to the Accounts
for the year ended 31 May 2024
ACE OF CUT BARBERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12007685. The registered office is 624 BEARWOOD ROAD, SMETHWICK, B66 4BW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
9,495
5,623
6
Creditors: amounts falling due after more than one year
2024
2023
ACE OF CUT BARBERS LIMITED
Notes to the Accounts
for the year ended 31 May 2024
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).