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Ace Environmental Services (UK) Limited
05202604
2015-11-30
602
891
702
991
100
100
702
991
28835
26576
29537
27567
-32732
-23632
81309
59519
48577
35887
48577
35887
62269
51199
0
1560
62269
49639
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents the realisable value of work undertaken during the year, exclusive of Value Added Tax.
Goodwill
Following the acquisition of new contracts, the director believes that the remaining value of goodwill should be written off over an extended period of time. The remaining goodwill value will therefore be written off over the next 10 years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-10% straight line basis
Depreciation
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Fixed Assets
All fixed assets are initially recorded at cost. Depreciation is not charged in the year of acquisition.
Financial Instruments
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 entity after deducting all of its financial liabilities.
Plant & Machinery
reducing balance
0.1000
Fixtures & Fittings
reducing balance
0.1000
Motor Vehicles
reducing balance
0.1500
26000
26000
26000
24440
1560
92044
77572
20472
-6000
29775
27933
5918
-4076
118044
103572
20472
-6000
55775
52373
-4076
7478
28835
26576
Ordinary
1000
1
1000
1000
Ordinary
1
100
100
100
2016-02-08
J E Brooks
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Ace Environmental Services (UK) Limited
2014-12-01
2015-11-30
Ace Environmental Services (UK) Limited
2013-12-01
2014-11-30
Ace Environmental Services (UK) Limited
2013-11-30
Ace Environmental Services (UK) Limited
2014-11-30
Ace Environmental Services (UK) Limited
2014-11-30
Ace Environmental Services (UK) Limited
2015-11-30
2016-03-03