Company Registration No. 09088859 (England and Wales)
Ace Bloodstock Limited
Unaudited accounts
for the period from 1 July 2022 to 31 December 2023
Ace Bloodstock Limited
Unaudited accounts
Contents
Ace Bloodstock Limited
Company Information
for the period from 1 July 2022 to 31 December 2023
Directors
John Douglas Hanson
Samual David Hanson
Company Number
09088859 (England and Wales)
Registered Office
Ace Containers
Haigh Park Road
Leeds
LS10 1RT
United Kingdom
Ace Bloodstock Limited
Statement of financial position
as at 31 December 2023
Inventories
113,409
176,736
Cash at bank and in hand
2,208
10,721
Creditors: amounts falling due within one year
(247,075)
(172,332)
Net current (liabilities)/assets
(128,128)
35,035
Net (liabilities)/assets
(127,576)
35,903
Capital contribution reserve
100
100
Profit and loss account
(127,676)
35,803
Shareholders' funds
(127,576)
35,903
For the period ending 31 December 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by
John Douglas Hanson
Director
Company Registration No. 09088859
Ace Bloodstock Limited
Notes to the Accounts
for the period from 1 July 2022 to 31 December 2023
Ace Bloodstock Limited is a private company, limited by shares, registered in England and Wales, registration number 09088859. The registered office is Ace Containers, Haigh Park Road, Leeds, LS10 1RT, United Kingdom.
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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.
Ace Bloodstock Limited is a private company, limited by shares, registered in England and Wales.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to give a true and fair view.
The financial statements have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
The company is reliant on the ongoing support of the director for funding. The director has confirmed that he will not seek repayment of amounts due to himself or related companies within the next 12 months. On this basis, the director considers it appropriate to prepare the financial on the going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of funding.
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of horses is recognised on delivery.
Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.
Depreciation is provided on all tangible assets, at rates calculated to write off the cost less estimated residual value of each asset on a straight line basis over its expected useful life.
Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.
The need for any fixed asset impairment write down is assessed by comparison of the carrying value of the assets against the higher of realisable value and value in use.
The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.
Plant & machinery
20% on cost
Ace Bloodstock Limited
Notes to the Accounts
for the period from 1 July 2022 to 31 December 2023
Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes the original purchase price plus upkeep and nomination fees incurred.
Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date and are expected to apply to the reversal of the timing difference.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease.
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
The following assets and liabilities are classified as basic financial instruments - trade debtors, other debtors, cash and bank balances, trade creditors, other creditors.
Trade debtors, other debtors, cash and bank balances, trade creditors and other creditors are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.
Ace Bloodstock Limited
Notes to the Accounts
for the period from 1 July 2022 to 31 December 2023
Assets, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.
Financial assets
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease cab be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had the impairment loss not been recognised.
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Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
3,330
13,510
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
69,221
67,256
Other creditors
176,457
105,076
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Average number of employees
During the period the average number of employees was 0 (2022: 0).