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Company Registration No. 14228006 (England and Wales)
ACE SUBSEA INSPECTION SERVICES LTD Unaudited accounts for the year ended 31 July 2024
ACE SUBSEA INSPECTION SERVICES LTD Unaudited accounts Contents
Page
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ACE SUBSEA INSPECTION SERVICES LTD Company Information for the year ended 31 July 2024
Directors
Anthony Caine Lucy Caine
Company Number
14228006 (England and Wales)
Registered Office
QUARRY HOUSE TOSSIDE SKIPTON NORTH YORKSHIRE BD23 4SY UNITED KINGDOM
Accountants
P Lacey & Associates Ltd Office 17 2 Regent House Lowestoft NR32 1PA
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ACE SUBSEA INSPECTION SERVICES LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
735 
919 
Current assets
Debtors
- 
8,500 
Cash at bank and in hand
25,959 
10,045 
25,959 
18,545 
Creditors: amounts falling due within one year
(8,758)
(19,272)
Net current assets/(liabilities)
17,201 
(727)
Net assets
17,936 
192 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
17,934 
190 
Shareholders' funds
17,936 
192 
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by
Anthony Caine Director Company Registration No. 14228006
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ACE SUBSEA INSPECTION SERVICES LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
ACE SUBSEA INSPECTION SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 14228006. The registered office is QUARRY HOUSE, TOSSIDE, SKIPTON, NORTH YORKSHIRE, BD23 4SY, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
1,149 
At 31 July 2024
1,149 
Depreciation
At 1 August 2023
230 
Charge for the year
184 
At 31 July 2024
414 
Net book value
At 31 July 2024
735 
At 31 July 2023
919 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
8,500 
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ACE SUBSEA INSPECTION SERVICES LTD Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
8,123 
18,440 
Loans from directors
- 
197 
Accruals
635 
635 
8,758 
19,272 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Anthony Caine
Overdrawn Directors Loan Account
4,250 
- 
4,250 
- 
Lucy Caine
Overdrawn Directors Loan Account
4,250 
- 
4,250 
- 
8,500 
- 
8,500 
- 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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