Registered number
05844936
Ace Cargo Service Ltd
Filleted Accounts
31 August 2024
Ace Cargo Service Ltd
Registered number: 05844936
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 192,242 137,769
Cash at bank and in hand 286,177 615,297
478,419 753,066
Creditors: amounts falling due within one year 4 (117,072) (397,549)
Net current assets 361,347 355,517
Net assets 361,347 355,517
Capital and reserves
Called up share capital 100 100
Profit and loss account 361,247 355,417
Shareholders' funds 361,347 355,517
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
H C Kim
Director
Approved by the board on 14 March 2025
Ace Cargo Service Ltd
Notes to the Accounts
for the year ended 31 August 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 (as applied to small entities by section 1A of the standard).
Turnover
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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 5
3 Debtors 2024 2023
£ £
Trade debtors 107,113 87,718
Other debtors 85,129 50,051
192,242 137,769
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 94,013 308,303
Taxation and social security costs 20,814 36,762
Other creditors 2,245 52,484
117,072 397,549
5 Other information
Ace Cargo Service Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4, Falcon Way
North Feltham Trading Estate
Feltham
Middlesex
TW14 0XJ
Ace Cargo Service Ltd 05844936 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts July 2024 H C Kim No description of principal activity 05844936 2022-09-01 2023-08-31 05844936 core:WithinOneYear 2023-08-31 05844936 core:ShareCapital 2023-08-31 05844936 core:RetainedEarningsAccumulatedLosses 2023-08-31 05844936 2023-09-01 2024-08-31 05844936 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05844936 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05844936 bus:Director40 2023-09-01 2024-08-31 05844936 1 2023-09-01 2024-08-31 05844936 2 2023-09-01 2024-08-31 05844936 countries:England 2023-09-01 2024-08-31 05844936 bus:FRS102 2023-09-01 2024-08-31 05844936 bus:FilletedAccounts 2023-09-01 2024-08-31 05844936 2024-08-31 05844936 core:WithinOneYear 2024-08-31 05844936 core:ShareCapital 2024-08-31 05844936 core:RetainedEarningsAccumulatedLosses 2024-08-31 05844936 2023-08-31 iso4217:GBP xbrli:pure