Aces Couture Limited

Aces Couture Limited

ACES COUTURE LIMITED - Company Information

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1 September 2021 true No description of principal activity Taxfiler 2023.5 05612552business:PrivateLimitedCompanyLtd2021-09-012022-08-31 056125522021-08-31 05612552business:EntityNoLongerTradingButTradedInPast2021-09-012022-08-31 056125522021-09-012022-08-31 05612552business:AuditExempt-NoAccountantsReport2021-09-012022-08-31 05612552business:FullAccounts2021-09-012022-08-31 056125522022-08-31 05612552business:Director12021-09-012022-08-31 05612552business:RegisteredOffice2021-09-012022-08-31 056125522021-08-31 05612552core:WithinOneYear2022-08-31 05612552core:WithinOneYear2021-08-31 05612552core:ShareCapital2022-08-31 05612552core:ShareCapital2021-08-31 05612552core:RetainedEarningsAccumulatedLosses2022-08-31 05612552core:RetainedEarningsAccumulatedLosses2021-08-31 05612552business:SmallEntities2021-09-012022-08-31 05612552countries:EnglandWales2021-09-012022-08-31 05612552core:Goodwill2021-08-31 05612552core:Goodwill2022-08-31 05612552core:FurnitureFittings2021-08-31 05612552core:FurnitureFittings2022-08-31 056125522020-09-012021-08-31 iso4217:GBP xbrli:pure
Company Registration No. 05612552 (England and Wales)
Aces Couture Limited Unaudited accounts for the year ended 31 August 2022
Aces Couture Limited Unaudited accounts Contents
Page
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Aces Couture Limited Company Information for the year ended 31 August 2022
Director
Rajnee Jerath
Company Number
05612552 (England and Wales)
Registered Office
BEBE HOUSE DUKESWAY TEAM VALLEY TRADING ESTATE GATESHEAD TYNE AND WEAR NE11 0PE
Accountants
Enso Accountants Ltd
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Aces Couture Limited Statement of financial position as at 31 August 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
4,397 
4,397 
Current assets
Inventories
187,706 
187,706 
Debtors
6
2,342 
5,398 
Cash at bank and in hand
- 
20 
190,048 
193,124 
Creditors: amounts falling due within one year
7
(315,227)
(315,566)
Net current liabilities
(125,179)
(122,442)
Net liabilities
(120,782)
(118,045)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(121,782)
(119,045)
Shareholders' funds
(120,782)
(118,045)
For the year ending 31 August 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The financial statements were approved by the Board and authorised for issue on 1 May 2023 and were signed on its behalf by
Rajnee Jerath Director Company Registration No. 05612552
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Aces Couture Limited Notes to the Accounts for the year ended 31 August 2022
1
Statutory information
Aces Couture Limited is a private company, limited by shares, registered in England and Wales, registration number 05612552. The registered office is BEBE HOUSE, DUKESWAY, TEAM VALLEY TRADING ESTATE, GATESHEAD TYNE AND WEAR, NE11 0PE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2021
42,166 
At 31 August 2022
42,166 
Amortisation
At 1 September 2021
37,769 
At 31 August 2022
37,769 
Net book value
At 31 August 2022
4,397 
At 31 August 2021
4,397 
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Aces Couture Limited Notes to the Accounts for the year ended 31 August 2022
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2021
4,535 
At 31 August 2022
4,535 
Depreciation
At 1 September 2021
4,535 
At 31 August 2022
4,535 
Net book value
At 31 August 2022
- 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,342 
5,398 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
33,582 
42,604 
VAT
5,464 
6,381 
Trade creditors
170,795 
170,795 
Amounts owed to group undertakings and other participating interests
104,636 
94,098 
Taxes and social security
- 
938 
Accruals
750 
750 
315,227 
315,566 
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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