Company Registration No. 06466115 (England and Wales)
A1 Ace Transport Services Ltd.
Unaudited accounts
for the year ended 30 April 2019
A1 Ace Transport Services Ltd.
Unaudited accounts
Contents
A1 Ace Transport Services Ltd.
Statement of financial position
as at
30 April 2019
Tangible assets
190,763
273,571
Cash at bank and in hand
59,391
7,730
Creditors: amounts falling due within one year
(375,072)
(390,584)
Net current liabilities
(80,130)
(160,118)
Total assets less current liabilities
110,635
113,455
Creditors: amounts falling due after more than one year
(39,111)
(36,886)
Provisions for liabilities
Called up share capital
350
350
Profit and loss account
62,102
76,219
Shareholders' funds
62,452
76,569
For the year ending 30 April 2019 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 28 January 2020.
Mr M E Davis
Director
Company Registration No. 06466115
A1 Ace Transport Services Ltd.
Notes to the Accounts
for the year ended 30 April 2019
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 2019
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2018
135,809
755,443
891,252
Additions
409
95,152
95,561
Disposals
(18,494)
(274,956)
(293,450)
At 30 April 2019
117,724
575,639
693,363
At 1 May 2018
122,695
494,986
617,681
Charge for the year
5,691
106,053
111,744
On disposals
(18,494)
(208,331)
(226,825)
At 30 April 2019
109,892
392,708
502,600
At 30 April 2019
7,832
182,931
190,763
At 30 April 2018
13,114
260,457
273,571
Trade debtors
127,572
82,185
Deferred tax asset
-
4,622
Other debtors
107,979
135,929
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Creditors: amounts falling due within one year
2019
2018
Obligations under finance leases and hire purchase contracts
48,636
78,232
Trade creditors
85,277
24,372
Taxes and social security
48,673
49,728
Other creditors
192,486
238,252
8
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
39,111
36,886
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Average number of employees
During the year the average number of employees was 20 (2018: 20).