2023-02-012024-01-312024-01-31false09870045ACE 88 LTD2024-08-27iso4217:GBPxbrli:pure098700452023-02-01098700452024-01-31098700452023-02-012024-01-31098700452022-02-01098700452023-01-31098700452022-02-012023-01-3109870045bus:SmallEntities2023-02-012024-01-3109870045bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3109870045bus:FullAccounts2023-02-012024-01-3109870045bus:PrivateLimitedCompanyLtd2023-02-012024-01-3109870045core:WithinOneYear2024-01-3109870045core:AfterOneYear2024-01-3109870045core:WithinOneYear2023-01-3109870045core:AfterOneYear2023-01-3109870045core:ShareCapital2024-01-3109870045core:SharePremium2024-01-3109870045core:RevaluationReserve2024-01-3109870045core:OtherReservesSubtotal2024-01-3109870045core:RetainedEarningsAccumulatedLosses2024-01-3109870045core:ShareCapital2023-01-3109870045core:SharePremium2023-01-3109870045core:RevaluationReserve2023-01-3109870045core:OtherReservesSubtotal2023-01-3109870045core:RetainedEarningsAccumulatedLosses2023-01-3109870045core:LandBuildings2024-01-3109870045core:PlantMachinery2024-01-3109870045core:Vehicles2024-01-3109870045core:FurnitureFittings2024-01-3109870045core:OfficeEquipment2024-01-3109870045core:NetGoodwill2024-01-3109870045core:IntangibleAssetsOtherThanGoodwill2024-01-3109870045core:ListedExchangeTraded2024-01-3109870045core:UnlistedNon-exchangeTraded2024-01-3109870045core:LandBuildings2023-01-3109870045core:PlantMachinery2023-01-3109870045core:Vehicles2023-01-3109870045core:FurnitureFittings2023-01-3109870045core:OfficeEquipment2023-01-3109870045core:NetGoodwill2023-01-3109870045core:IntangibleAssetsOtherThanGoodwill2023-01-3109870045core:ListedExchangeTraded2023-01-3109870045core:UnlistedNon-exchangeTraded2023-01-3109870045core:LandBuildings2023-02-012024-01-3109870045core:PlantMachinery2023-02-012024-01-3109870045core:Vehicles2023-02-012024-01-3109870045core:FurnitureFittings2023-02-012024-01-3109870045core:OfficeEquipment2023-02-012024-01-3109870045core:NetGoodwill2023-02-012024-01-3109870045core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3109870045core:ListedExchangeTraded2023-02-012024-01-3109870045core:UnlistedNon-exchangeTraded2023-02-012024-01-3109870045core:MoreThanFiveYears2023-02-012024-01-3109870045core:Non-currentFinancialInstruments2024-01-3109870045core:Non-currentFinancialInstruments2023-01-3109870045dpl:CostSales2023-02-012024-01-3109870045dpl:DistributionCosts2023-02-012024-01-3109870045core:LandBuildings2023-02-012024-01-3109870045core:PlantMachinery2023-02-012024-01-3109870045core:Vehicles2023-02-012024-01-3109870045core:FurnitureFittings2023-02-012024-01-3109870045core:OfficeEquipment2023-02-012024-01-3109870045dpl:AdministrativeExpenses2023-02-012024-01-3109870045core:NetGoodwill2023-02-012024-01-3109870045core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3109870045dpl:GroupUndertakings2023-02-012024-01-3109870045dpl:ParticipatingInterests2023-02-012024-01-3109870045dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3109870045core:ListedExchangeTraded2023-02-012024-01-3109870045dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3109870045core:UnlistedNon-exchangeTraded2023-02-012024-01-3109870045dpl:CostSales2022-02-012023-01-3109870045dpl:DistributionCosts2022-02-012023-01-3109870045core:LandBuildings2022-02-012023-01-3109870045core:PlantMachinery2022-02-012023-01-3109870045core:Vehicles2022-02-012023-01-3109870045core:FurnitureFittings2022-02-012023-01-3109870045core:OfficeEquipment2022-02-012023-01-3109870045dpl:AdministrativeExpenses2022-02-012023-01-3109870045core:NetGoodwill2022-02-012023-01-3109870045core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3109870045dpl:GroupUndertakings2022-02-012023-01-3109870045dpl:ParticipatingInterests2022-02-012023-01-3109870045dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3109870045core:ListedExchangeTraded2022-02-012023-01-3109870045dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3109870045core:UnlistedNon-exchangeTraded2022-02-012023-01-3109870045core:NetGoodwill2024-01-3109870045core:IntangibleAssetsOtherThanGoodwill2024-01-3109870045core:LandBuildings2024-01-3109870045core:PlantMachinery2024-01-3109870045core:Vehicles2024-01-3109870045core:FurnitureFittings2024-01-3109870045core:OfficeEquipment2024-01-3109870045core:AfterOneYear2024-01-3109870045core:WithinOneYear2024-01-3109870045core:ListedExchangeTraded2024-01-3109870045core:UnlistedNon-exchangeTraded2024-01-3109870045core:ShareCapital2024-01-3109870045core:SharePremium2024-01-3109870045core:RevaluationReserve2024-01-3109870045core:OtherReservesSubtotal2024-01-3109870045core:RetainedEarningsAccumulatedLosses2024-01-3109870045core:NetGoodwill2023-01-3109870045core:IntangibleAssetsOtherThanGoodwill2023-01-3109870045core:LandBuildings2023-01-3109870045core:PlantMachinery2023-01-3109870045core:Vehicles2023-01-3109870045core:FurnitureFittings2023-01-3109870045core:OfficeEquipment2023-01-3109870045core:AfterOneYear2023-01-3109870045core:WithinOneYear2023-01-3109870045core:ListedExchange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ACE 88 LTD

Registered Number
09870045
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

ACE 88 LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

Mr. Bipesh Patel
Mr. Arkish Patel

Registered Address

Unit 4a Bevan Court
Bevan Close
Wellingborough
NN8 4BL

Registered Number

09870045 (England and Wales)
ACE 88 LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets346,18956,852
46,18956,852
Current assets
Stocks411,83011,792
Debtors54,8603,438
Cash at bank and on hand9,27323,146
25,96338,376
Creditors amounts falling due within one year6(99,431)(92,915)
Net current assets (liabilities)(73,468)(54,539)
Total assets less current liabilities(27,279)2,313
Net assets(27,279)2,313
Capital and reserves
Called up share capital100100
Profit and loss account(27,379)2,213
Shareholders' funds(27,279)2,313
The financial statements were approved and authorised for issue by the Board of Directors on 27 August 2024, and are signed on its behalf by:
Mr. Bipesh Patel
Director
Registered Company No. 09870045
ACE 88 LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
Ace 88 Ltd is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The presentation currency of the financial statements is the Pound Sterling (£).
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 February 23-62,8906,86869,758
Additions1,592--1,592
At 31 January 241,59262,8906,86871,350
Depreciation and impairment
At 01 February 23-11,5301,37612,906
Charge for year3210,2721,95112,255
At 31 January 243221,8023,32725,161
Net book value
At 31 January 241,56041,0883,54146,189
At 31 January 23-51,3605,49256,852
4.Stocks

2024

2023

££
Finished goods11,83011,792
Total11,83011,792
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables4,1751,761
Other debtors-438
Prepayments and accrued income6851,239
Total4,8603,438
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables7801,513
Bank borrowings and overdrafts-11
Taxation and social security1,1113,668
Other creditors97,54087,723
Total99,43192,915