Company Registration No. 11654826 (England and Wales)
Triple Ace Executive Cars Ltd
Unaudited accounts
for the year ended 30 November 2023
Triple Ace Executive Cars Ltd
Unaudited accounts
Contents
Triple Ace Executive Cars Ltd
Company Information
for the year ended 30 November 2023
Director
Bradley Hadzel GAVILANEZ BONILLA
Company Number
11654826 (England and Wales)
Registered Office
Floor 1 Unit 17 Chiltern Business Villag
Arundel Road
Uxbridge
Middlesex
UB8 2SN
England
Triple Ace Executive Cars Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
204,903
211,757
Cash at bank and in hand
216
53
Creditors: amounts falling due within one year
(433,135)
(315,911)
Net current liabilities
(265,895)
(300,703)
Net liabilities
(60,992)
(88,946)
Called up share capital
100
100
Profit and loss account
(61,092)
(89,046)
Shareholders' funds
(60,992)
(88,946)
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 April 2025 and were signed on its behalf by
Bradley Hadzel GAVILANEZ BONILLA
Director
Company Registration No. 11654826
Triple Ace Executive Cars Ltd
Notes to the Accounts
for the year ended 30 November 2023
Triple Ace Executive Cars Ltd is a private company, limited by shares, registered in England and Wales, registration number 11654826. The registered office is Floor 1 Unit 17 Chiltern Business Villag, Arundel Road, Uxbridge, Middlesex, UB8 2SN, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates
calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Triple Ace Executive Cars Ltd
Notes to the Accounts
for the year ended 30 November 2023
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Tangible fixed assets
Total
At 1 December 2022
239,173
At 30 November 2023
239,173
At 30 November 2023
34,270
At 30 November 2023
204,903
At 30 November 2022
211,757
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Average number of employees
During the year the average number of employees was 3 (2022: 0).