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REGISTERED NUMBER: 11020516 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Ace Scaffolding Assets Limited

Ace Scaffolding Assets Limited (Registered number: 11020516)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ace Scaffolding Assets Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: G Shean





REGISTERED OFFICE: 67 Westow Street
London
SE19 3RW





REGISTERED NUMBER: 11020516 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Ace Scaffolding Assets Limited (Registered number: 11020516)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,852 14,840
Investments 5 7,100 7,100
15,952 21,940

CURRENT ASSETS
Debtors 6 23,157 8,827
Cash at bank 1,361 855
24,518 9,682
CREDITORS
Amounts falling due within one year 7 26,675 14,316
NET CURRENT LIABILITIES (2,157 ) (4,634 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,795

17,306

CREDITORS
Amounts falling due after more than one year 8 (3,303 ) (5,323 )

PROVISIONS FOR LIABILITIES (2,213 ) (2,820 )
NET ASSETS 8,279 9,163

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 8,179 9,063
SHAREHOLDERS' FUNDS 8,279 9,163

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

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

Ace Scaffolding Assets Limited (Registered number: 11020516)

Balance Sheet - continued
31 October 2023


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 13 September 2024 and were signed by:





G Shean - Director


Ace Scaffolding Assets Limited (Registered number: 11020516)

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

1. STATUTORY INFORMATION

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Commercial vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Ace Scaffolding Assets Limited (Registered number: 11020516)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Commercial
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 40,000 300 22,240 62,540
Disposals - - (12,800 ) (12,800 )
At 31 October 2023 40,000 300 9,440 49,740
DEPRECIATION
At 1 November 2022 30,508 229 16,963 47,700
Charge for year 2,373 18 560 2,951
Eliminated on disposal - - (9,763 ) (9,763 )
At 31 October 2023 32,881 247 7,760 40,888
NET BOOK VALUE
At 31 October 2023 7,119 53 1,680 8,852
At 31 October 2022 9,492 71 5,277 14,840

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 100 7,000 7,100
NET BOOK VALUE
At 31 October 2023 100 7,000 7,100
At 31 October 2022 100 7,000 7,100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Amounts owed by group undertakings - 8,827
Other debtors 23,157 -
23,157 8,827

Included in Debtors

Ace Scaffolding Assets Limited (Registered number: 11020516)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 2,020 1,970
Trade creditors 8,994 8,640
Amounts owed to group undertakings 12,838 -
Taxation and social security 2,823 2,908
Other creditors - 798
26,675 14,316

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 3,303 5,323

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary Shares 1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
G Shean
Balance outstanding at start of year (399 ) (358 )
Amounts advanced 72,861 55,613
Amounts repaid (60,883 ) (55,654 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,579 (399 )

The balance owed of £11,579 was repaid in full on 15 April 2024.