Company Registration No. 06466115 (England and Wales)
A1 Ace Transport Services Ltd.
Unaudited accounts
for the year ended 30 April 2018
A1 Ace Transport Services Ltd.
Unaudited accounts
Contents
A1 Ace Transport Services Ltd.
Statement of financial position
as at
30 April 2018
Tangible assets
273,571
374,659
Cash at bank and in hand
7,730
14,711
Creditors: amounts falling due within one year
(390,584)
(413,139)
Net current liabilities
(160,118)
(189,197)
Total assets less current liabilities
113,455
210,464
Creditors: amounts falling due after more than one year
(36,886)
(91,118)
Provisions for liabilities
Net assets
76,569
113,876
Called up share capital
350
350
Profit and loss account
76,219
113,526
Shareholders' funds
76,569
113,876
For the year ending 30 April 2018 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.
Approved by the Board on 13 December 2018.
Mr M E Davis
Director
Company Registration No. 06466115
A1 Ace Transport Services Ltd.
Notes to the Accounts
for the year ended 30 April 2018
A1 Ace Transport Services Ltd. is a private company, limited by shares, registered in England and Wales, registration number 06466115. The registered office is Watcombe House, Railway Street, Taunton, Somerset, TA2 6HF.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Plant & machinery
20% on a reducing balance basis
Motor vehicles
Straight line over 4 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
A1 Ace Transport Services Ltd.
Notes to the Accounts
for the year ended 30 April 2018
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2017
134,745
750,985
885,730
Additions
1,064
45,792
46,856
Disposals
-
(41,334)
(41,334)
At 30 April 2018
135,809
755,443
891,252
At 1 May 2017
116,694
394,377
511,071
Charge for the year
6,001
143,004
149,005
On disposals
-
(42,395)
(42,395)
At 30 April 2018
122,695
494,986
617,681
At 30 April 2018
13,114
260,457
273,571
At 30 April 2017
18,051
356,608
374,659
6
Investments
Other investments
Valuation at 1 May 2017
25,000
Fair value adjustments
(25,000)
Valuation at 30 April 2018
-
Trade debtors
82,185
65,876
Deferred tax asset
4,622
-
Other debtors
135,929
143,355
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Creditors: amounts falling due within one year
2018
2017
Obligations under finance leases and hire purchase contracts
78,232
80,516
Trade creditors
24,372
27,464
Taxes and social security
49,728
53,310
Other creditors
238,252
251,849
9
Creditors: amounts falling due after more than one year
2018
2017
Obligations under finance leases and hire purchase contracts
36,886
91,118
A1 Ace Transport Services Ltd.
Notes to the Accounts
for the year ended 30 April 2018
10
Transactions with related parties
Mr M E Davis, a director of the company, has continued to advance loans to the company. Interest is charged at a commercial rate on these loans. At the year end the balance on these loans (included in other creditors due within one year) was £186,471 (2016 - £126,338)
11
Average number of employees
During the year the average number of employees was 20 (2017: 20).