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REGISTERED NUMBER: 03451948 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

AYCE SYSTEMS LIMITED

AYCE SYSTEMS LIMITED (REGISTERED NUMBER: 03451948)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AYCE SYSTEMS LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R Rae





REGISTERED OFFICE: Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ





REGISTERED NUMBER: 03451948 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

AYCE SYSTEMS LIMITED (REGISTERED NUMBER: 03451948)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 681,481

CURRENT ASSETS
Stock 5 - 344
Debtors 6 10,713 33,418
Cash at bank 1,882,617 876,859
1,893,330 910,621
CREDITORS
Amounts falling due within one year 7 103,608 46,933
NET CURRENT ASSETS 1,789,722 863,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,789,722

1,545,169

CAPITAL AND RESERVES
Called up share capital 168 168
Capital redemption reserve 32 32
Retained earnings 1,789,522 1,544,969
SHAREHOLDERS' FUNDS 1,789,722 1,545,169

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

AYCE SYSTEMS LIMITED (REGISTERED NUMBER: 03451948)

Balance Sheet - continued
31 December 2023



The financial statements were approved by the director and authorised for issue on 5 September 2024 and were signed by:





R Rae - Director


AYCE SYSTEMS LIMITED (REGISTERED NUMBER: 03451948)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Ayce Systems Limited 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 represents the value of sales revenue recognised as earned for the supply of goods and services during the year, exclusive of value added tax. Revenue is recognised as earned, when the company obtains the right to consideration in exchange for the supply of or transfer of title to goods or the performance of services under contracts with customers.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation.

Depreciation is calculated to write off the assets over their estimated useful lives at the following annual rates:
Freehold buildings - 2% of cost
Fixtures and equipment - 20% of cost
Motor vehicles - 25% of reducing balance

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 taxation
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 8 ).

AYCE SYSTEMS LIMITED (REGISTERED NUMBER: 03451948)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 January 2023 743,342 31,883 775,225
Disposals (743,342 ) (31,883 ) (775,225 )
At 31 December 2023 - - -
DEPRECIATION
At 1 January 2023 62,208 31,536 93,744
Eliminated on disposal (62,208 ) (31,536 ) (93,744 )
At 31 December 2023 - - -
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 681,134 347 681,481

5. STOCK
2023 2022
£    £   
Goods held for resale - 344

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors - 20,653
Other debtors 4,679 6,548
Prepayments and accrued income 6,034 300
10,713 27,501

Amounts falling due after more than one year:
Deferred tax asset
Capital allowances in excess
of depreciation - 5,917
- 5,917

Aggregate amounts 10,713 33,418

AYCE SYSTEMS LIMITED (REGISTERED NUMBER: 03451948)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,090 8,091
Corporation tax 63,698 27,016
Other creditors 34,945 1,090
Accruals 3,875 10,736
103,608 46,933