ACE G & G SERVICES LIMITED,Ltd - Accounts

ACE G & G SERVICES LIMITED,Ltd - Accounts

ACE G & G SERVICES LTD - Company Information

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2014-03-01 true false Private Limited Company 06097523 2015-02-28 06097523 2014-03-01 2015-02-28 06097523 2014-02-28 06097523 2013-03-01 2014-02-28 06097523 uk-bus:Director1 2014-03-01 2015-02-28 06097523 uk-gaap:ToolsEquipment 2014-03-01 2015-02-28 06097523 uk-gaap:AfterOneYear 2014-02-28 iso4217:GBP
ACE G & G SERVICES LIMITED
For the year ended 28 February 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06097523
2
Contents Page
ACE G & G SERVICES LIMITED
For the year ended 28 February 2015
1
Accountant's Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
ACE G & G SERVICES LIMITED
Accountant's Report
For the year ended 28 February 2015
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 28 February 2015 and you consider that the company is exempt from an audit under the Companies Act
2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Spurlings Accountants Limited
112b High Road
Ilford
Essex
IG1 1BY
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4
Abbreviated Balance Sheet
ACE G & G SERVICES LIMITED
As at 28 February 2015
06097523
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
17,284
466
17,284
466
Current assets
Debtors
680
680
Cash at bank and in hand
4,741
3,447
5,421
4,127
Creditors: amounts falling due within one year
(3,370)
(14,019)
757
(8,598)
Net current liabilities
Total assets less current liabilities
8,686
1,223
Creditors: amounts falling due after more than one year
3
-
(7,323)
1,363
Net assets
1,223
Capital and reserves
Called up share capital
1
1
Profit and loss account
1,362
1,222
1,363
1,223
Shareholders funds
For the year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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 in accordance with the provisions applicable to companies subject to the small companies regime.
Date approved by the board: 10 July 2015
GARY WARD Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
ACE G & G SERVICES LIMITED
For the year ended 28 February 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25 Reducing balance
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
1,523
At 01 March 2014
22,580
Additions
At 28 February 2015
24,103
Depreciation
1,057
At 01 March 2014
5,762
Charge for year
6,819
At 28 February 2015
Net book values
At 28 February 2015
17,284
466
At 28 February 2014
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6
Notes to the Abbreviated Financial Statements
ACE G & G SERVICES LIMITED
For the year ended 28 February 2015
2014
2015
3 Creditors due after more than one year
£
£
7,323
-
Bank loans and overdraft
4 of 4