Registered number: 3194514 | ||||||||
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FOR THE YEAR ENDED 30/06/2019 | ||||||||
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Prepared By: | ||||||||
SSA Accountants Limited | ||||||||
Chartered Certified Accountants | ||||||||
44 Furzedown Road | ||||||||
Sutton | ||||||||
Surrey | ||||||||
SM2 5QF |
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Ace Hygiene Supplies Ltd | ||||||||
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Registered number: 3194514 | ||||||||
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FOR THE YEAR ENDED 30/06/2019 | ||||||||
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Ace Hygiene Supplies Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/06/2019 | ||||||||
DIRECTORS | ||||||||
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SECRETARY | ||||||||
L. Savastano | ||||||||
REGISTERED OFFICE | ||||||||
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Surrey | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 3194514 | ||||||||
ACCOUNTANTS | ||||||||
SSA Accountants Limited | ||||||||
Chartered Certified Accountants | ||||||||
44 Furzedown Road | ||||||||
Sutton | ||||||||
Surrey | ||||||||
SM2 5QF |
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Ace Hygiene Supplies Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/06/2019 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 4 | |||||||
Notes To The Accounts | 5 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Ace Hygiene Supplies Ltd | ||||||||
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BALANCE SHEET AT
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2019 | 2018 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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Investment Assets | 3 |
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CURRENT ASSETS | ||||||||||
Stock |
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Debtors |
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Cash at bank and in hand |
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2,162,241 | 2,229,784 | |||||||||
CREDITORS: Amounts falling due within one year |
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NET CURRENT ASSETS |
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830,079 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year | 1,149,074 | 1,272,460 | ||||||||
NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital |
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Revaluation reserve | , | 956,661 | 956,661 | |||||||
Profit and loss account | 1,797,850 | 1,750,913 | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Ace Hygiene Supplies Ltd | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/06/2019 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Plant and Machinery | reducing balance 25% | |||||||
Motor Cars | reducing balance 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. This includes investment in group undertaking. Dividend income from the group undertaking is shown in the profit and loss account. | ||||||||
Provisions are made for temporary fluctuations in value. |
1e. Leasing Commitments | ||||||||
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Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis. |
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Ace Hygiene Supplies Ltd | ||||||||
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2. TANGIBLE FIXED ASSETS | ||||||||||
Land And | Long Leasehold | Plant and | ||||||||
Buildings | Properties | Machinery | Motor Cars | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/07/2018 | 2,100,000 | 56,383 | 200,459 | 71,375 | 2,428,217 | |||||
Disposals | - | - | (5,000) | (6,000) | (11,000) | |||||
At 30/06/2019 | 2,100,000 | 56,383 | 195,459 | 65,375 | 2,417,217 | |||||
Depreciation | ||||||||||
At 01/07/2018 | - | - | 119,129 | 55,849 | 174,978 | |||||
Disposals | - | - | (2,750) | (4,700) | (7,450) | |||||
For the year | - | - | 19,770 | 3,557 | 23,327 | |||||
At 30/06/2019 | - | - | 136,149 | 54,706 | 190,855 | |||||
Net Book Amounts | ||||||||||
At 30/06/2019 |
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56,383 |
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2,226,362 | |||||
At 30/06/2018 |
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56,383 |
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2,253,239 | |||||
The freehold property is at the valuation which was carried out by the directors on 30th June 2018. Land and buildings are not depreciated. | ||||||||||
3. FINANCIAL ASSETS | |||||||||
Shares in group companies | Other | ||||||||
and participating interests | Investments | Total | |||||||
£ | £ | £ | |||||||
Cost | |||||||||
At 01/07/2018 | 874,496 | 22,320 | 896,816 | ||||||
At 30/06/2019 | 874,496 | 22,320 | 896,816 | ||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 30/06/2019 | 874,496 | 22,320 | 896,816 | ||||||
At 30/06/2018 | 874,496 | 22,320 | 896,816 | ||||||
4. EMPLOYEES | ||||||
2019 | 2018 | |||||
No. | No. | |||||
Average number of employees | 17 | 17 | ||||
5. CONTROLLING PARTY | ||||||||
The directors control the company by virtue of their shareholdings in the company. | ||||||||
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Ace Hygiene Supplies Ltd | ||||||||
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6. COMMITMENTS | ||||||||
At 30 June 2019 the company's total commitment was £120,000 (2018: £120,000). | ||||||||
7. DIRECTORS ADVANCES, CREDITS AND GUARANTEES | ||||||||
The directors' loan balance brought forward on 1 July 2018 was £397,506 and net credit to the directors was (£305,873). The balance carried forward at the year end was £91,633. The directors' loan balance brought forward on 1 July 2017 was (£1,973) and net advances to the directors was £399,479. The balance carried forward on 30th June 2018 was £397,506. | ||||||||
8. BORROWINGS | ||||||||
The aggregate of bank loans instalments which fall due for payment after five years at the year end was £771,000 (2018: £839,000). Bank loans are secured on the company's property. | ||||||||