1 December 2022 false No description of principal activity Taxfiler 2024.6 11654826business:PrivateLimitedCompanyLtd2022-12-012023-11-30 116548262022-11-30 116548262022-12-012023-11-30 11654826business:AuditExempt-NoAccountantsReport2022-12-012023-11-30 11654826business:AbridgedAccounts2022-12-012023-11-30 116548262023-11-30 11654826business:Director12022-12-012023-11-30 11654826business:RegisteredOffice2022-12-012023-11-30 116548262022-11-30 11654826core:WithinOneYear2023-11-30 11654826core:WithinOneYear2022-11-30 11654826core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 11654826core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 11654826core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 11654826core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 11654826core:PreviouslyStatedAmount2023-11-30 11654826core:PreviouslyStatedAmount2022-11-30 11654826business:SmallEntities2022-12-012023-11-30 11654826countries:EnglandWales2022-12-012023-11-30 11654826core:MotorVehicles2022-12-012023-11-30 11654826core:FurnitureFittings2022-12-012023-11-30 116548262021-12-012022-11-30 iso4217:GBP xbrli:pure
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
Page
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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
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Triple Ace Executive Cars Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
204,903 
211,757 
Current assets
Inventories
136,723 
- 
Debtors
30,301 
15,155 
Cash at bank and in hand
216 
53 
167,240 
15,208 
Creditors: amounts falling due within one year
(433,135)
(315,911)
Net current liabilities
(265,895)
(300,703)
Net liabilities
(60,992)
(88,946)
Capital and reserves
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
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Triple Ace Executive Cars Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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:
Motor vehicles
10%
Fixtures & fittings
10%
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Triple Ace Executive Cars Ltd Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 December 2022
239,173 
At 30 November 2023
239,173 
Depreciation
At 1 December 2022
27,416 
Charge for the year
6,854 
At 30 November 2023
34,270 
Net book value
At 30 November 2023
204,903 
At 30 November 2022
211,757 
5
Average number of employees
During the year the average number of employees was 3 (2022: 0).
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