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REGISTERED NUMBER: 09416866 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Ace Arboriculture Ltd

Ace Arboriculture Ltd (Registered number: 09416866)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ace Arboriculture Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: S W Ficken





REGISTERED OFFICE: Flat 2
21 The Strand
Exmouth
Devon
EX8 1AF





REGISTERED NUMBER: 09416866 (England and Wales)





ACCOUNTANTS: Blue Sky
Chartered Accountants
The Old Dairy
Cadhay
Ottery St Mary
Devon
EX11 1QT

Ace Arboriculture Ltd (Registered number: 09416866)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 244,680 324,746

CURRENT ASSETS
Debtors 5 6,987 13,461
Cash at bank 6,624 4,526
13,611 17,987
CREDITORS
Amounts falling due within one year 6 119,814 130,059
NET CURRENT LIABILITIES (106,203 ) (112,072 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,477

212,674

CREDITORS
Amounts falling due after more than one
year

7

107,988

162,790
NET ASSETS 30,489 49,884

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 30,488 49,883
SHAREHOLDERS' FUNDS 30,489 49,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:





S W Ficken - Director


Ace Arboriculture Ltd (Registered number: 09416866)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. Statutory information

Ace Arboriculture Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 15% on reducing balance

Financial instruments
(i) Financial assets
Basic financial assets, including trade and other debtors are initially recognised at the transaction price and therefore stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Ace Arboriculture Ltd (Registered number: 09416866)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. Employees and directors

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

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 December 2022 493,086
Disposals (58,995 )
At 30 November 2023 434,091
Depreciation
At 1 December 2022 168,340
Charge for year 50,319
Eliminated on disposal (29,248 )
At 30 November 2023 189,411
Net book value
At 30 November 2023 244,680
At 30 November 2022 324,746

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
Cost
At 1 December 2022
Depreciation
Charge for year 19,382
At 30 November 2023 19,382
Net book value
At 30 November 2023 (19,382 )

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 6,987 13,461

Ace Arboriculture Ltd (Registered number: 09416866)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 4,000 4,000
Hire purchase contracts 36,843 54,294
Taxation and social security 75,936 65,122
Other creditors 3,035 6,643
119,814 130,059

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 25,595 29,975
Hire purchase contracts 82,393 132,815
107,988 162,790