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REGISTERED NUMBER: 14243877 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 19 JULY 2022 TO 31 JULY 2023

FOR

ACE COFFEE & CREAMS (BASILDON) LIMITED

ACE COFFEE & CREAMS (BASILDON) LIMITED (REGISTERED NUMBER: 14243877)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 19 JULY 2022 TO 31 JULY 2023










Page

Statement of Financial Position 1

Notes to the Financial Statements 2


ACE COFFEE & CREAMS (BASILDON) LIMITED (REGISTERED NUMBER: 14243877)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 19,439

CURRENT ASSETS
Debtors 5 2,446
Cash at bank and in hand 702
3,148
CREDITORS
Amounts falling due within one year 6 97,026
NET CURRENT LIABILITIES (93,878 )
TOTAL ASSETS LESS CURRENT LIABILITIES (74,439 )

PROVISIONS FOR LIABILITIES 7 3,248
NET LIABILITIES (77,687 )

CAPITAL AND RESERVES
Called up share capital 8 1
Retained earnings (77,688 )
SHAREHOLDERS' FUNDS (77,687 )

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

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

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





A R Bennett - Director


ACE COFFEE & CREAMS (BASILDON) LIMITED (REGISTERED NUMBER: 14243877)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 19 JULY 2022 TO 31 JULY 2023


1. STATUTORY INFORMATION

Ace Coffee & Creams (Basildon) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14243877

Registered office: 4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 the cost less estimated residual value of each asset over its estimated useful life.
Leasehold improvements - 10% on cost
Plant and machinery - 25% on reducing balance

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

ACE COFFEE & CREAMS (BASILDON) LIMITED (REGISTERED NUMBER: 14243877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 19 JULY 2022 TO 31 JULY 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

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.

Directors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Going concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operation existence for the foreseeable future. The validity of this assumption depends upon an improvement in the company's trading position and continued financial support from its owner.

ACE COFFEE & CREAMS (BASILDON) LIMITED (REGISTERED NUMBER: 14243877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 19 JULY 2022 TO 31 JULY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4. TANGIBLE FIXED ASSETS
Leasehold Plant and
improvements machinery Totals
£    £    £   
COST
Additions 7,121 17,590 24,711
At 31 July 2023 7,121 17,590 24,711
DEPRECIATION
Charge for period 674 4,598 5,272
At 31 July 2023 674 4,598 5,272
NET BOOK VALUE
At 31 July 2023 6,447 12,992 19,439

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by group undertakings 200
Other debtors 2,246
2,446

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 19,028
Amounts owed to group undertakings 38,526
Taxation and social security 149
Other creditors 39,323
97,026

7. PROVISIONS FOR LIABILITIES
£   
Deferred tax
Accelerated capital allowances 3,248

Deferred
tax
£   
Accelerated capital allowances 3,248
Balance at 31 July 2023 3,248

ACE COFFEE & CREAMS (BASILDON) LIMITED (REGISTERED NUMBER: 14243877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 19 JULY 2022 TO 31 JULY 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1.00 1

1 Ordinary share of £1.00 was allotted and fully paid for cash at par during the period.

9. RELATED PARTY DISCLOSURES

At year end, amounts owed by/(to) related parties were as follows:
2023 (£ )
Inter-company loans (38,326 )
Director (38,073 )

The above loans are unsecured, interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Ace Coffee and Bagel Limited.