ACE (South Yorkshire) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07747723 (England and Wales)

ACE (SOUTH YORKSHIRE) LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A Clarke

C Neita

REGISTERED OFFICE:

9 Glendale Close

Pogmoor

Barnsley

South Yorkshire

S75 2DU

REGISTERED NUMBER:

07747723 (England and Wales)

ACCOUNTANTS:

Hirst Accountancy Services Limited

Unit 20

Fall Bank Ind Estate

Dodworth

Barnsley

South Yorkshire

S75 3LS

FIXED ASSETS

Tangible assets

2

21,947

24,796

CURRENT ASSETS

Stocks

4,250

-

Debtors

70,525

55,391

Cash at bank

16,701

-

91,476

55,391

CREDITORS

Amounts falling due within one year

81,429

59,065

NET CURRENT ASSETS/(LIABILITIES)

10,047

(3,674

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

31,994

21,122

CREDITORS

Amounts falling due after more than one
year

(5,891

)

(12,603

)

PROVISIONS FOR LIABILITIES

(211

)

(359

)

NET ASSETS

25,892

8,160

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

25,792

8,060

SHAREHOLDERS' FUNDS

25,892

8,160

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

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

The directors acknowledge their 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 Board of Directors on 27 May 2016 and were signed on its
behalf by:

A Clarke - 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

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

obsolete and slow moving items.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

39,199

Additions

2,692

At 31 August 2015

41,891

DEPRECIATION

At 1 September 2014

14,403

Charge for year

5,541

At 31 August 2015

19,944

NET BOOK VALUE

At 31 August 2015

21,947

At 31 August 2014

24,796

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

1

100