ACE FUELS LIMITED

Company Registration Number:
08721569 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

ACE FUELS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

ACE FUELS LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 326,670 326,670
Tangible assets: 4 310,625 340,100
Total fixed assets: 637,295 666,770
Current assets
Stocks: 62,890 53,177
Debtors:   54,065 33,651
Cash at bank and in hand: 81,204 163,123
Total current assets: 198,159 249,951
Creditors: amounts falling due within one year:   (115,295) (75,417)
Net current assets (liabilities): 82,864 174,534
Total assets less current liabilities: 720,159 841,304
Creditors: amounts falling due after more than one year:   (37,916) (300,860)
Total net assets (liabilities): 682,243 540,444
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 682,239 540,440
Shareholders funds: 682,243 540,444

The notes form part of these financial statements

ACE FUELS LIMITED

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 September 2024
and signed on behalf of the board by:

Name: Mr G.Ali
Status: Director

The notes form part of these financial statements

ACE FUELS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ACE FUELS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

ACE FUELS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Intangible Assets

Total
Cost £
At 01 February 2023 326,670
At 31 January 2024 326,670
Net book value
At 31 January 2024 326,670
At 31 January 2023 326,670

ACE FUELS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible Assets

Total
Cost £
At 01 February 2023 634,075
Additions 2,991
At 31 January 2024 637,066
Depreciation
At 01 February 2023 293,975
Charge for year 32,466
At 31 January 2024 326,441
Net book value
At 31 January 2024 310,625
At 31 January 2023 340,100