Registered number
10820628
Ace 1-2-1 Ltd
Report and Accounts
30 June 2024
Ace 1-2-1 Ltd
Report to the director on the preparation of the unaudited statutory accounts of Ace 1-2-1 Ltd for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ace 1-2-1 Ltd for the year ended 30 June 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Ltd
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
2 October 2024
Ace 1-2-1 Ltd
Registered number: 10820628
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 849 1,757
Current assets
Debtors 4 5,266 15,116
Cash at bank and in hand 37,980 26,440
43,246 41,556
Creditors: amounts falling due within one year 5 (22,427) (18,078)
Net current assets 20,819 23,478
Net assets 21,668 25,235
Capital and reserves
Called up share capital 1 1
Profit and loss account 21,667 25,234
Shareholder's funds 21,668 25,235
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Gordon
Director
Approved by the board on 2 October 2024
Ace 1-2-1 Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 33% straight line
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 4,840
At 30 June 2024 4,840
Depreciation
At 1 July 2023 3,083
Charge for the year 908
At 30 June 2024 3,991
Net book value 849
At 30 June 2024 849
At 30 June 2023 1,757
4 Debtors 2024 2023
£ £
Trade debtors 5,266 15,116
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 9,823 6,390
Other taxes and social security costs 4,720 5,800
Other creditors 7,884 5,888
22,427 18,078
6 Other information
Ace 1-2-1 Ltd is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
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