ACE FX LIMITED

Company Registration Number:
06748933 (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 FX LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

ACE FX LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 48,050 48,632
Total fixed assets: 48,050 48,632
Current assets
Stocks: 370,833 269,596
Debtors:   144,556 204,399
Cash at bank and in hand: 290,211 303,997
Total current assets: 805,600 777,992
Creditors: amounts falling due within one year:   (437,213) (487,216)
Net current assets (liabilities): 368,387 290,776
Total assets less current liabilities: 416,437 339,408
Creditors: amounts falling due after more than one year:   (125,000) (125,000)
Provision for liabilities: (5,998)
Total net assets (liabilities): 285,439 214,408
Capital and reserves
Called up share capital: 2,000 2,000
Share premium account: 99,500 99,500
Profit and loss account: 183,939 112,908
Shareholders funds: 285,439 214,408

The notes form part of these financial statements

ACE FX 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 21 October 2024
and signed on behalf of the board by:

Name: S Williams Esq
Status: Director

The notes form part of these financial statements

ACE FX 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 FX LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 18 15

ACE FX LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 212,011
Additions 12,552
At 31 January 2024 224,563
Depreciation
At 01 February 2023 163,379
Charge for year 13,134
At 31 January 2024 176,513
Net book value
At 31 January 2024 48,050
At 31 January 2023 48,632

ACE FX LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Related party transactions

Included within other creditors falling due within one year is a loan of £359,001 (2023 £402,059), and within other creditors falling due after more than one year £125,000 (2023 £125,000), owed by the company to Mr S Williams, a director of the company. These loans bear no charge to interest.