Accounts filed on 30-06-2020

Accounts filed on 30-06-2020

ACE HYGIENE SUPPLIES LIMITED - Company Information

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3194514falsechemical and disposable wholesaler and distributors2019-07-012020-06-30http://www.companieshouse.gov.uk/2019-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2019-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2019-06-30http://www.companieshouse.gov.uk/cd:Director12019-07-012020-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2020-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2020-06-30http://www.companieshouse.gov.uk/cd:Director22019-07-012020-06-30http://www.companieshouse.gov.uk/pt:MotorCars2019-06-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2019-07-012020-06-30http://www.companieshouse.gov.uk/pt:MotorCars2020-06-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2019-07-012020-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2020-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2019-06-30http://www.companieshouse.gov.uk/2019-07-012020-06-30http://www.companieshouse.gov.uk/2019-06-30http://www.companieshouse.gov.uk/cd:FRS1022019-07-012020-06-30http://www.companieshouse.gov.uk/2020-06-30http://www.companieshouse.gov.uk/cd:FullAccounts2019-07-012020-06-30http://www.companieshouse.gov.uk/pt:LandBuildings2019-06-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2019-07-012020-06-30http://www.companieshouse.gov.uk/pt:LandBuildings2020-06-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 3194514
Ace Hygiene Supplies Ltd
ACCOUNTS
FOR THE YEAR ENDED 30/06/2020
Prepared By:
SSA Accountants Limited
Chartered Certified Accountants
44 Furzedown Road
Sutton
Surrey
SM2 5QF
Ace Hygiene Supplies Ltd
Registered number: 3194514
Ace Hygiene Supplies Ltd
ACCOUNTS
FOR THE YEAR ENDED 30/06/2020
Ace Hygiene Supplies Ltd
ACCOUNTS
FOR THE YEAR ENDED 30/06/2020
DIRECTORS
Carmine Savastano
Edward Savastano
SECRETARY
L. Savastano
REGISTERED OFFICE
Units 1-3 Redhill Aerodrome
Kings Mill Lane
Redhill
Surrey
RH1 5NF
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
Ace Hygiene Supplies Ltd
ACCOUNTS
FOR THEYEARENDED30/06/2020
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet4
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Ace Hygiene Supplies Ltd
BALANCE SHEET AT 30/06/2020
20202019
Notes££
FIXED ASSETS
Tangible assets22,216,8142,226,362
Investment Assets3896,816896,816
3,113,6303,123,178
CURRENT ASSETS
Stock596,000460,000
Debtors837,8071,365,401
Cash at bank and in hand283,285336,840
1,717,0922,162,241
CREDITORS: Amounts falling due within one year1,266,0211,381,734
NET CURRENT ASSETS451,071780,507
TOTAL ASSETS LESS CURRENT LIABILITIES3,564,7013,903,685
CREDITORS: Amounts falling due after more than one year1,040,8001,149,074
NET ASSETS2,523,9012,754,611
CAPITAL AND RESERVES
Called up share capital100100
Revaluation reserve,956,661956,661
Profit and loss account1,567,1401,797,850
SHAREHOLDERS' FUNDS2,523,9012,754,611
For the year ending 30/06/2020 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. All the members have consented to the preparation of the abridged statement of comprehensive income and abridged statement of financial position for the current year ended 30th June 2020 in accordance with Section 444(2A) of the Companies Act 2006.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29/06/2021 and signed on their behalf by
.............................
Carmine Savastano
Director
Ace Hygiene Supplies Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2020
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Motor Carsreducing 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
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
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.
Ace Hygiene Supplies Ltd
2. TANGIBLE FIXED ASSETS
Land AndLong LeaseholdPlant and
BuildingsPropertiesMachineryMotor CarsTotal
£££££
Cost
At 01/07/20192,100,00056,383195,45965,3752,417,217
Additions---10,59510,595
At 30/06/20202,100,00056,383195,45975,9702,427,812
Depreciation
At 01/07/2019--136,14954,706190,855
For the year--14,8275,31620,143
At 30/06/2020--150,97660,022210,998
Net Book Amounts
At 30/06/20202,100,00056,38344,48315,9482,216,814
At 30/06/20192,100,00056,38359,31010,6692,226,362
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 interestsInvestmentsTotal
£££
Cost
At 01/07/2019874,49622,320896,816
At 30/06/2020874,49622,320896,816
Amortisation
Net Book Amounts
At 30/06/2020874,49622,320896,816
At 30/06/2019874,49622,320896,816
4. EMPLOYEES
20202019
No.No.
Average number of employees1817
5. CONTROLLING PARTY
The directors control the company by virtue of their shareholdings in the company.
Ace Hygiene Supplies Ltd
6. COMMITMENTS
At 30 June 2020 the company's total commitment was £120,000 (2019: £120,000).
7. DIRECTORS ADVANCES, CREDITS AND GUARANTEES
The directors' loan balance brought forward on 1 July 2019 was £91,633 and net advances to the directors was £144,592. The balance carried forward at the year end was £236,225.
8. BORROWINGS
The aggregate of bank loans instalments which fall due for payment after five years at the year end was £735,571 (2019: £771,000). Bank loans are secured on the company's property.