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REGISTERED NUMBER: 04590145 (England and Wales)















Ace Travel (Long Sutton) Limited

Unaudited Financial Statements for the Year Ended 30 September 2024






Ace Travel (Long Sutton) Limited (Registered number: 04590145)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


Ace Travel (Long Sutton) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: D J Slator
Mrs C P Slator
P A Slator
Mrs A Smith





SECRETARY: Mrs A Smith





REGISTERED OFFICE: Leam Lodge
Lutton Gowts
Lutton
Spalding
Lincolnshire
PE12 9LQ





REGISTERED NUMBER: 04590145 (England and Wales)





ACCOUNTANTS: Salway and Wright
22 Church Street
Holbeach
Lincolnshire
PE12 7LL

Ace Travel (Long Sutton) Limited (Registered number: 04590145)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,137 37,051

CURRENT ASSETS
Debtors 5 36,928 21,022
Cash at bank 52,159 88,511
89,087 109,533
CREDITORS
Amounts falling due within one year 6 17,234 31,769
NET CURRENT ASSETS 71,853 77,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,990

114,815

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 115,890 114,715
SHAREHOLDERS' FUNDS 115,990 114,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





P A Slator - Director


Ace Travel (Long Sutton) Limited (Registered number: 04590145)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Ace Travel (Long Sutton) Limited 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.
Motor vehicles - 25% on reducing balance
Equipment - 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 5 ).

Ace Travel (Long Sutton) Limited (Registered number: 04590145)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 October 2023 120,260 7,481 127,741
Additions 21,496 - 21,496
Disposals (30,668 ) - (30,668 )
At 30 September 2024 111,088 7,481 118,569
DEPRECIATION
At 1 October 2023 85,474 5,216 90,690
Charge for year 14,070 340 14,410
Eliminated on disposal (30,668 ) - (30,668 )
At 30 September 2024 68,876 5,556 74,432
NET BOOK VALUE
At 30 September 2024 42,212 1,925 44,137
At 30 September 2023 34,786 2,265 37,051

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 20,111 21,022
Other debtors 16,817 -
36,928 21,022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 3,193 8,016
Taxation and social security 14,041 16,574
Other creditors - 7,179
17,234 31,769