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REGISTERED NUMBER: SC516978 (Scotland)















ACE (CHILDREN) LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024






ACE (CHILDREN) LTD (REGISTERED NUMBER: SC516978)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ACE (CHILDREN) LTD

COMPANY INFORMATION
For The Year Ended 31 October 2024







DIRECTOR: Ms P A Cresswell





REGISTERED OFFICE: Flat 2/2
78 Wilton Street
Glasgow
G20 6RE





REGISTERED NUMBER: SC516978 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

ACE (CHILDREN) LTD (REGISTERED NUMBER: SC516978)

BALANCE SHEET
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 313

CURRENT ASSETS
Debtors 5 2,433 1,060
Cash at bank 8,140 4,236
10,573 5,296
CREDITORS
Amounts falling due within one year 6 10,532 5,526
NET CURRENT ASSETS/(LIABILITIES) 41 (230 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

41

83

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 40 82
SHAREHOLDERS' FUNDS 41 83

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

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

The director acknowledges her 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 28 February 2025 and were signed by:





Ms P A Cresswell - Director


ACE (CHILDREN) LTD (REGISTERED NUMBER: SC516978)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2024


1. STATUTORY INFORMATION

Ace (Children) Ltd is a private company, limited by shares , registered in Scotland. 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 represents sale of goods and services provided during the period, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery, etc - 33% on cost

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 1,997
DEPRECIATION
At 1 November 2023 1,684
Charge for year 313
At 31 October 2024 1,997
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 313

ACE (CHILDREN) LTD (REGISTERED NUMBER: SC516978)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors - 1,060
Director's Loan 2,433 -
2,433 1,060

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Taxation and social security 9,212 4,568
Other creditors 1,320 958
10,532 5,526

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31st October 2024, the director had received an interest free loan of £2,433 (2023 £nil ) This has since been repaid.