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No description of principal activity
2017-12-01
Sage Accounts Production Advanced 2018 Update 1 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
05202604
2017-12-01
2018-11-30
05202604
2018-11-30
05202604
2017-11-30
05202604
2016-12-01
2017-11-30
05202604
2017-11-30
05202604
core:NetGoodwill
2017-12-01
2018-11-30
05202604
core:PlantMachinery
2017-12-01
2018-11-30
05202604
core:FurnitureFittings
2017-12-01
2018-11-30
05202604
core:MotorVehicles
2017-12-01
2018-11-30
05202604
bus:LeadAgentIfApplicable
2017-12-01
2018-11-30
05202604
bus:Director1
2017-12-01
2018-11-30
05202604
core:WithinOneYear
2018-11-30
05202604
core:WithinOneYear
2017-11-30
05202604
core:AfterOneYear
2018-11-30
05202604
core:AfterOneYear
2017-11-30
05202604
core:ShareCapital
2018-11-30
05202604
core:ShareCapital
2017-11-30
05202604
core:RetainedEarningsAccumulatedLosses
2018-11-30
05202604
core:RetainedEarningsAccumulatedLosses
2017-11-30
05202604
core:BetweenOneFiveYears
2017-11-30
05202604
bus:SmallEntities
2017-12-01
2018-11-30
05202604
bus:AuditExemptWithAccountantsReport
2017-12-01
2018-11-30
05202604
bus:AbridgedAccounts
2017-12-01
2018-11-30
05202604
bus:SmallCompaniesRegimeForAccounts
2017-12-01
2018-11-30
05202604
bus:PrivateLimitedCompanyLtd
2017-12-01
2018-11-30
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS
|
|
All of the members of Ace Environmental Services (UK) Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 November 2018 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
05202604
ACE ENVIRONMENTAL SERVICES (UK) LIMITED
|
|
FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS
|
|
ACE ENVIRONMENTAL SERVICES (UK) LIMITED
|
|
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF
ACE ENVIRONMENTAL SERVICES (UK) LIMITED
|
|
YEAR ENDED 30 NOVEMBER 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Ace Environmental Services (UK) Limited for the year ended 30 November 2018, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
LANGARD LIFFORD HALL LIMITED
Accountants and Registered Auditors
Lifford Hall
Lifford Lane
Kings Norton
Birmingham
B30 3JN
15 July 2019
ACE ENVIRONMENTAL SERVICES (UK) LIMITED
|
|
ABRIDGED STATEMENT OF FINANCIAL POSITION
|
|
30 November 2018
Fixed assets
Tangible assets
|
6
|
|
65,731
|
|
66,421
|
|
|
|
|
|
|
Current assets
Stocks
|
3,500
|
|
3,500
|
|
Debtors
|
26,199
|
|
25,190
|
|
|
-----------
|
|
-----------
|
|
|
29,699
|
|
28,690
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
48,527
|
|
48,310
|
|
|
-----------
|
|
-----------
|
|
Net current liabilities
|
|
18,828
|
|
19,620
|
|
|
-----------
|
|
-----------
|
Total assets less current liabilities
|
|
46,903
|
|
46,801
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
|
108,406
|
|
82,729
|
|
|
-----------
|
|
-----------
|
Net liabilities
|
|
(
61,503)
|
|
(
35,928)
|
|
|
-----------
|
|
-----------
|
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
100
|
|
100
|
Profit and loss account
|
|
(
61,603)
|
|
(
36,028)
|
|
|
-----------
|
|
-----------
|
Shareholders deficit
|
|
(
61,503)
|
|
(
35,928)
|
|
|
-----------
|
|
-----------
|
|
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 30 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
ACE ENVIRONMENTAL SERVICES (UK) LIMITED
|
|
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)
|
|
30 November 2018
These abridged financial statements were approved by the
board of directors
and authorised for issue on
15 July 2019
, and are signed on behalf of the board by:
Company registration number:
05202604
ACE ENVIRONMENTAL SERVICES (UK) LIMITED
|
|
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
|
|
YEAR ENDED 30 NOVEMBER 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lifford Hall, Lifford Lane, Kings Norton, Birmingham, B30 3JN.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The members' attention is drawn to the deficit on the balance sheet. The accounts have been prepared on the going concern basis following assurances from the director of his continued support.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents the realisable value of work undertaken during the year, exclusive of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Goodwill
|
-
|
6% straight line
|
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
All fixed assets are initially recorded at cost. Depreciation is not charged in the year of acquisition.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery
|
-
|
10% reducing balance
|
|
Fixtures and fittings
|
-
|
10% reducing balance
|
|
Motor vehicles
|
-
|
15% reducing balance
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2017:
3
).
5.
Intangible assets
|
£
|
Cost
|
|
At 1 December 2017 and 30 November 2018
|
26,000
|
|
-----------
|
Amortisation
|
|
At 1 December 2017 and 30 November 2018
|
26,000
|
|
-----------
|
Carrying amount
|
|
At 30 November 2018
|
–
|
|
-----------
|
At 30 November 2017
|
–
|
|
-----------
|
|
|
6.
Tangible assets
|
£
|
Cost
|
|
At 1 December 2017
|
112,597
|
Additions
|
7,668
|
|
-----------
|
At 30 November 2018
|
120,265
|
|
-----------
|
Depreciation
|
|
At 1 December 2017
|
46,176
|
Charge for the year
|
8,358
|
|
-----------
|
At 30 November 2018
|
54,534
|
|
-----------
|
Carrying amount
|
|
At 30 November 2018
|
65,731
|
|
-----------
|
At 30 November 2017
|
66,421
|
|
-----------
|
|
|
7.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2018
|
2017
|
|
£
|
£
|
Later than 1 year and not later than 5 years
|
–
|
624
|
|
-----------
|
-----------
|
|
|
|
8.
Director's advances, credits and guarantees
Amounts owed to the director at the balance sheet date are included in creditors and amounted to £90,599 (2017; £67,849).
9.
Related party transactions
During the year the company was charged £750 (2017 : £750) for management charges during the year by Churchill Plumbing & Heating (Midlands) Limited, a company of which
J E Brooks
is a director. At the balance sheet date £2,782 was owed to (2017 : £2,032) Churchill Plumbing & Heating (Midlands) Limited.