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REGISTERED NUMBER: 10924348 (England and Wales)










Financial Statements

for the Year Ended 31 August 2024

for

A.C.E Construction (Shropshire) Ltd

A.C.E Construction (Shropshire) Ltd (Registered number: 10924348)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


A.C.E Construction (Shropshire) Ltd

Company Information
for the Year Ended 31 August 2024







Director: Mr. A Warner





Secretary: Mrs A J Warner





Registered office: The Old Granary
Rushton
Telford
Shropshire
TF6 5AG





Registered number: 10924348 (England and Wales)





Accountants: Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
A.C.E Construction (Shropshire) Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A.C.E Construction (Shropshire) Ltd for the year ended 31 August 2024 which comprise the Income Statement, 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://www.accaglobal.com/rulebook.

This report is made solely to the director of A.C.E Construction (Shropshire) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A.C.E Construction (Shropshire) Ltd and state those matters that we have agreed to state to the director of A.C.E Construction (Shropshire) Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that A.C.E Construction (Shropshire) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A.C.E Construction (Shropshire) Ltd. You consider that A.C.E Construction (Shropshire) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A.C.E Construction (Shropshire) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG


21 January 2025

A.C.E Construction (Shropshire) Ltd (Registered number: 10924348)

Balance Sheet
31 August 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 14,441 20,003
14,441 20,003

Current assets
Debtors 6 965 12,633
Cash at bank 10,994 18,485
11,959 31,118
Creditors
Amounts falling due within one year 7 3,935 18,684
Net current assets 8,024 12,434
Total assets less current liabilities 22,465 32,437

Capital and reserves
Called up share capital 8 100 100
Retained earnings 9 22,365 32,337
Shareholders' funds 22,465 32,437

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 January 2025 and were signed by:



Mr. A Warner - Director


A.C.E Construction (Shropshire) Ltd (Registered number: 10924348)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

A.C.E Construction (Shropshire) Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

A.C.E Construction (Shropshire) Ltd (Registered number: 10924348)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
Cost
At 1 September 2023
and 31 August 2024 10,000
Amortisation
At 1 September 2023
and 31 August 2024 10,000
Net book value
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
Cost
At 1 September 2023 1,906 1,609 29,839 33,354
Additions 1,415 - - 1,415
Disposals - - (3,203 ) (3,203 )
At 31 August 2024 3,321 1,609 26,636 31,566
Depreciation
At 1 September 2023 640 714 11,997 13,351
Charge for year 536 179 3,860 4,575
Eliminated on disposal - - (801 ) (801 )
At 31 August 2024 1,176 893 15,056 17,125
Net book value
At 31 August 2024 2,145 716 11,580 14,441
At 31 August 2023 1,266 895 17,842 20,003

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 11,551
VAT - 198
Prepayments and accrued income 965 884
965 12,633

A.C.E Construction (Shropshire) Ltd (Registered number: 10924348)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 345 1,160
Corporation tax 2,069 15,826
VAT 393 -
Directors' current accounts 208 858
Accruals and deferred income 920 840
3,935 18,684

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£

At 1 September 2023 32,337
Profit for the year 6,028
Dividends (16,000 )
At 31 August 2024 22,365