ACE CONSULTANTS (UK) LIMITED

ACE CONSULTANTS (UK) LIMITED

ACE CONSULTANTS (UK) LIMITED - Company Information

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ACE CONSULTANTS (UK) LIMITED

Company Registration Number:
05851469 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2018

Period of accounts

Start date: 01 January 2018

End date: 31 December 2018

ACE CONSULTANTS (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2018

Balance sheet
Notes

ACE CONSULTANTS (UK) LIMITED

Balance sheet

As at 31 December 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 2 1,617 1,617
Total fixed assets: 1,617 1,617
Current assets
Debtors: 3 122,709 355,568
Cash at bank and in hand: 40,403 15,481
Total current assets: 163,112 371,049
Creditors: amounts falling due within one year: 4 (161,478) (227,269)
Net current assets (liabilities): 1,634 143,780
Total assets less current liabilities: 3,251 145,397
Total net assets (liabilities): 3,251 145,397
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 3,051 145,197
Shareholders funds: 3,251 145,397

The notes form part of these financial statements

ACE CONSULTANTS (UK) LIMITED

Balance sheet statements

For the year ending 31 December 2018 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2019
and signed on behalf of the board by:

Name: Visvanathan Sriram
Status: Director

The notes form part of these financial statements

ACE CONSULTANTS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ACE CONSULTANTS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

2. Tangible Assets

Total
Cost £
At 01 January 2018 9,280
At 31 December 2018 9,280
Depreciation
At 01 January 2018 7,663
Charge for year 0
Other adjustments 0
At 31 December 2018 7,663
Net book value
At 31 December 2018 1,617
At 31 December 2017 1,617

ACE CONSULTANTS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

3. Debtors

2018 2017
££
Debtors due after more than one year: 0 0

ACE CONSULTANTS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

4. Creditors: amounts falling due within one year note

Trade Creditors - £62,935VAT liability - £28,755Corporation Tax - £65,597

ACE CONSULTANTS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

5. Loans to directors

Name of director receiving advance or credit: Visvanathan Sriram
Description of the loan: Advance paid
£
Balance at 01 January 2018 0
Advances or credits made: 6,746
Balance at 31 December 2018 6,746

ACE CONSULTANTS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

6. Related party transactions

Name of the related party: Aikon Investments Limited
Relationship:
Same Director
Description of the Transaction: Loan Repayment
£
Balance at 01 January 2018 300,000
Balance at 31 December 2018 56,000
Name of the related party: Aikon Accountants Limited
Relationship:
Same Director
Description of the Transaction: Loan repayment
£
Balance at 01 January 2018 29,009
Balance at 31 December 2018 17,009