Company Registration No. 06466115 (England and Wales)
A1 Ace Transport Services Ltd.
Unaudited accounts
for the year ended 31 October 2021
A1 Ace Transport Services Ltd.
Unaudited accounts
Contents
A1 Ace Transport Services Ltd.
Statement of financial position
as at
31 October 2021
Tangible assets
56,797
147,087
Cash at bank and in hand
85,546
73,927
Creditors: amounts falling due within one year
(188,204)
(283,375)
Net current assets/(liabilities)
130,743
(71,824)
Total assets less current liabilities
187,542
75,265
Creditors: amounts falling due after more than one year
-
(9,662)
Provisions for liabilities
Deferred tax
(9,233)
(5,439)
Net assets
178,309
60,164
Called up share capital
350
350
Profit and loss account
177,959
59,814
Shareholders' funds
178,309
60,164
For the year ending 31 October 2021 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 December 2021 and were signed on its behalf by
Mr M E Davis
Director
Company Registration No. 06466115
A1 Ace Transport Services Ltd.
Notes to the Accounts
for the year ended 31 October 2021
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.
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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.
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.
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Intangible fixed assets
Other
At 1 November 2020
401,576
At 31 October 2021
401,576
At 1 November 2020
401,574
At 31 October 2021
401,574
A1 Ace Transport Services Ltd.
Notes to the Accounts
for the year ended 31 October 2021
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2020
118,657
613,480
732,137
Additions
-
17,075
17,075
Disposals
(10,319)
(240,663)
(250,982)
At 31 October 2021
108,338
389,892
498,230
At 1 November 2020
114,602
470,448
585,050
Charge for the year
970
32,350
33,320
On disposals
(8,780)
(168,157)
(176,937)
At 31 October 2021
106,792
334,641
441,433
At 31 October 2021
1,546
55,251
56,797
At 31 October 2020
4,055
143,032
147,087
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
175,866
101,167
Other debtors
57,535
36,457
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
47,500
50,000
Obligations under finance leases and hire purchase contracts
-
30,831
Trade creditors
37,031
41,318
Taxes and social security
93,605
39,274
Other creditors
10,068
121,952
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Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
-
9,662
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Average number of employees
During the year the average number of employees was 24 (2020: 24).