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REGISTERED NUMBER: 09352956 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ACE TAXIS (WEST SUSSEX) LTD

ACE TAXIS (WEST SUSSEX) LTD (REGISTERED NUMBER: 09352956)






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


ACE TAXIS (WEST SUSSEX) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Miss E T Hunnisett





REGISTERED OFFICE: 1 Harbour House
Harbour Way
Shoreham By Sea
West Sussex
BN43 5HZ





REGISTERED NUMBER: 09352956 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

ACE TAXIS (WEST SUSSEX) LTD (REGISTERED NUMBER: 09352956)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 218,064 90,129

CURRENT ASSETS
Debtors 5 163,407 242,399
Cash at bank 146,555 31,619
309,962 274,018
CREDITORS
Amounts falling due within one year 6 (206,772 ) (140,502 )
NET CURRENT ASSETS 103,190 133,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

321,254

223,645

CREDITORS
Amounts falling due after more than one
year

7

(15,400

)

-

PROVISIONS FOR LIABILITIES 8 - (3,356 )
NET ASSETS 305,854 220,289

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 305,754 220,189
SHAREHOLDERS' FUNDS 305,854 220,289

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 her 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 TAXIS (WEST SUSSEX) LTD (REGISTERED NUMBER: 09352956)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2024 and were signed by:





Miss E T Hunnisett - Director


ACE TAXIS (WEST SUSSEX) LTD (REGISTERED NUMBER: 09352956)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Ace Taxis (West Sussex) 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.
Plant and machinery etc - 25% on 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

ACE TAXIS (WEST SUSSEX) LTD (REGISTERED NUMBER: 09352956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 287,259
Additions 178,958
Disposals (52,490 )
At 31 December 2023 413,727
DEPRECIATION
At 1 January 2023 197,130
Charge for year 42,133
Eliminated on disposal (43,600 )
At 31 December 2023 195,663
NET BOOK VALUE
At 31 December 2023 218,064
At 31 December 2022 90,129

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,574 6,977
Other debtors 157,833 235,422
163,407 242,399

The company has a finance arrangement with Calverton Finance Limited whereby they receive finance in advance of the payment of sales invoices. The gross value of debts subject to this arrangement at the year-end was £153,546 (£231,269 in 2022) for which they already received prepayments of -£1,176 (£-3,408 in 2022) at the year-end. The net amount of £154,722 (£234,677 in 2022) is included in other debtors.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 441
Trade creditors 14,768 12,486
Taxation and social security 156,712 118,552
Other creditors 35,292 9,023
206,772 140,502

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 15,400 -

ACE TAXIS (WEST SUSSEX) LTD (REGISTERED NUMBER: 09352956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. PROVISIONS FOR LIABILITIES
2022
£   
Deferred tax 3,356

Deferred
tax
£   
Balance at 1 January 2023 3,356
Capital allowances in advance
of depreciation (6,378 )
Balance at 31 December 2023 (3,022 )