ACE 4 Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06991896 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2015

FOR

ACE 4 LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTOR:

R B Davies

SECRETARY:

Ms J C Aylwin

REGISTERED OFFICE:

Hardham Mill Business Park

London Road

Hardham, Pulborough

West Sussex

RH20 1LA

REGISTERED NUMBER:

06991896 (England and Wales)

ACCOUNTANTS:

Chariot House Limited

Chartered Accountants

44 Grand Parade

Brighton

East Sussex

BN2 9QA

FIXED ASSETS

Tangible assets

2

14,371

17,964

CURRENT ASSETS

Stocks

19,515

23,124

Debtors

75,715

82,236

Cash at bank and in hand

38,279

45,878

133,509

151,238

CREDITORS

Amounts falling due within one year

(146,382

)

(155,303

)

NET CURRENT LIABILITIES

(12,873

)

(4,065

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,498

13,899

CAPITAL AND RESERVES

Called up share capital

3

53

Profit and loss account

1,445

13,846

SHAREHOLDERS' FUNDS

1,498

13,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23rd April 2016 and were signed by:

R B Davies - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2014

and 31st August 2015

37,475

DEPRECIATION

At 1st September 2014

19,511

Charge for year

3,593

At 31st August 2015

23,104

NET BOOK VALUE

At 31st August 2015

14,371

At 31st August 2014

17,964

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

52

Ordinary A

£1

52

1

Ordinary B

£1

1

53

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of ACE 4 Limited for the year ended 31st August 2015 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of ACE 4 Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ACE 4 Limited and state those matters that we have agreed to state to the director of ACE 4 Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that ACE 4 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of ACE 4 Limited. You consider that ACE 4 Limited is exempt from the statutory audit requirement for the year.