Company Registration No. 05612552 (England and Wales)
Aces Couture Limited
Unaudited accounts
for the year ended 31 August 2022
Aces Couture Limited
Unaudited accounts
Contents
Aces Couture Limited
Company Information
for the year ended 31 August 2022
Company Number
05612552 (England and Wales)
Registered Office
BEBE HOUSE
DUKESWAY
TEAM VALLEY TRADING ESTATE
GATESHEAD TYNE AND WEAR
NE11 0PE
Accountants
Enso Accountants Ltd
Aces Couture Limited
Statement of financial position
as at 31 August 2022
Intangible assets
4,397
4,397
Inventories
187,706
187,706
Cash at bank and in hand
-
20
Creditors: amounts falling due within one year
(315,227)
(315,566)
Net current liabilities
(125,179)
(122,442)
Net liabilities
(120,782)
(118,045)
Called up share capital
1,000
1,000
Profit and loss account
(121,782)
(119,045)
Shareholders' funds
(120,782)
(118,045)
For the year ending 31 August 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 her 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 and authorised for issue on 1 May 2023 and were signed on its behalf by
Rajnee Jerath
Director
Company Registration No. 05612552
Aces Couture Limited
Notes to the Accounts
for the year ended 31 August 2022
Aces Couture Limited is a private company, limited by shares, registered in England and Wales, registration number 05612552. The registered office is BEBE HOUSE, DUKESWAY, TEAM VALLEY TRADING ESTATE, GATESHEAD TYNE AND WEAR, NE11 0PE.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 September 2021
42,166
At 1 September 2021
37,769
Aces Couture Limited
Notes to the Accounts
for the year ended 31 August 2022
5
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
33,582
42,604
Trade creditors
170,795
170,795
Amounts owed to group undertakings and other participating interests
104,636
94,098
Taxes and social security
-
938
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).