Company Registration No. 12575176 (England and Wales)
ACE TAPE AND JOINTING LTD
Unaudited accounts
for the year ended 30 April 2022
ACE TAPE AND JOINTING LTD
Unaudited accounts
Contents
ACE TAPE AND JOINTING LTD
Company Information
for the year ended 30 April 2022
Director
STUART ANTHONY HANSLER
Company Number
12575176 (England and Wales)
Registered Office
238A C/O LACEY & CO., ACCOUNTANTS
LONDON ROAD
WATERLOOVILLE
HAMPSHIRE
PO7 7HB
UNITED KINGDOM
Accountants
LACEY & CO., ACCOUNTANTS
238A LONDON ROAD
WATERLOOVILLE
HAMPSHIRE
PO7 7HB
ACE TAPE AND JOINTING LTD
Accountants' report
Accountants' report to the director of ACE TAPE AND JOINTING LTD on the preparation of the unaudited statutory accounts for the year ended 30 April 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ACE TAPE AND JOINTING LTD for the year ended
30 April 2022 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ACE TAPE AND JOINTING LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of ACE TAPE AND JOINTING LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ACE TAPE AND JOINTING LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ACE TAPE AND JOINTING LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of ACE TAPE AND JOINTING LTD. You consider that ACE TAPE AND JOINTING LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ACE TAPE AND JOINTING LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
LACEY & CO., ACCOUNTANTS
238A LONDON ROAD
WATERLOOVILLE
HAMPSHIRE
PO7 7HB
21 October 2022
ACE TAPE AND JOINTING LTD
Statement of financial position
as at
30 April 2022
Cash at bank and in hand
7
26
Creditors: amounts falling due within one year
(3,373)
(5,688)
Net current assets
9,403
10,198
Total assets less current liabilities
9,403
21,448
Creditors: amounts falling due after more than one year
(13,752)
(15,000)
Net (liabilities)/assets
(4,349)
6,448
Called up share capital
1
1
Profit and loss account
(4,350)
6,447
Shareholders' funds
(4,349)
6,448
For the year ending 30 April 2022 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 director acknowledges his 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 25 October 2022 and were signed on its behalf by
STUART ANTHONY HANSLER
Director
Company Registration No. 12575176
ACE TAPE AND JOINTING LTD
Notes to the Accounts
for the year ended 30 April 2022
ACE TAPE AND JOINTING LTD is a private company, limited by shares, registered in England and Wales, registration number 12575176. The registered office is 238A C/O LACEY & CO., ACCOUNTANTS, LONDON ROAD, WATERLOOVILLE, HAMPSHIRE, PO7 7HB, UNITED KINGDOM.
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.
The accounts are presented in £ sterling.
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
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:
Motor vehicles
None in the period in which disposal occurs
It has been recognised by the director that the viability of this company is questionable. He has therefore, taken the decision to stop trading which, became effective on 1 May 2022 following the company's deregistration for VAT at 30 April 2022.
He proposes to close the company at the earliest opportunity.
The performance model has been adopted for reporting grants received.
The company has been assisted by the business interruption scheme and received credits to cover the first 12 month's interest on a Bounce Back Loan, (14 days relevant to this period of account).
There are no specified future performance-related conditions imposed on this grant. The amounts have been recognised in the accounts as income when the grant proceeds were received.
ACE TAPE AND JOINTING LTD
Notes to the Accounts
for the year ended 30 April 2022
4
Tangible fixed assets
Motor vehicles
Cost or valuation
At cost
Surplus on revaluation
4,650
Amounts falling due within one year
Other debtors
12,150
8,131
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
106
1,334
Loans from directors
-
87
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 1 (2021: 2).