REGISTERED NUMBER: 06428458 (England and Wales)

ACE MOVEMENTS TRANSPORT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K B Banbury

Mrs J H Banbury

SECRETARY:

Mrs J H Banbury

REGISTERED OFFICE:

King Arthurs Court

Maidstone Road

Charing

Ashford

Kent

TN27 0JS

REGISTERED NUMBER:

06428458 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

King Arthur's Court

Maidstone Road

Charing

Kent

TN27 0JS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

399,878

633,653

399,878

633,653

CURRENT ASSETS

Debtors

6

318,444

367,723

Cash at bank

228,310

307,115

546,754

674,838

CREDITORS

Amounts falling due within one year

7

(460,992

)

(465,334

)

NET CURRENT ASSETS

85,762

209,504

TOTAL ASSETS LESS CURRENT LIABILITIES

485,640

843,157

CREDITORS

Amounts falling due after more than one year

8

(149,341

)

(370,640

)

PROVISIONS FOR LIABILITIES

(99,970

)

(158,413

)

NET ASSETS

236,329

314,104

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

236,229

314,004

SHAREHOLDERS' FUNDS

236,329

314,104

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by:

Mr K B Banbury - Director

1.	STATUTORY INFORMATION

Ace Movements Transport Limited 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.

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.

Land and buildings

-

20% on reducing balance

Plant and machinery etc

-

25% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

64,864

AMORTISATION

At 1 January 2024

and 31 December 2024

64,864

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

11,947

1,858,866

1,870,813

Additions

-

46,995

46,995

Disposals

-

(183,323

)

(183,323

)

At 31 December 2024

11,947

1,722,538

1,734,485

DEPRECIATION

At 1 January 2024

11,469

1,225,691

1,237,160

Charge for year

96

265,399

265,495

Eliminated on disposal

-

(168,048

)

(168,048

)

At 31 December 2024

11,565

1,323,042

1,334,607

NET BOOK VALUE

At 31 December 2024

382

399,496

399,878

At 31 December 2023

478

633,175

633,653

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

270,950

323,192

Sundry debtors

24,124

27,474

Prepayments

23,370

17,057

318,444

367,723

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 9)

9,911

9,669

Hire purchase contracts

181,251

187,120

Trade creditors

51,496

75,665

Corporation Tax

121,325

89,244

Social security and other taxes

11,941

16,440

VAT

72,128

68,550

Directors' current accounts

-

5,646

Accruals and deferred income

12,940

13,000

460,992

465,334

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 9)

9,691

19,843

Hire purchase contracts

139,650

350,797

149,341

370,640

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

9,911

9,669

Amounts falling due between one and two years:

Bank loans - 1-2 years

9,691

19,843