pinacle - Company Accounts (iXBRL 6.0.16)

ACE PLAYCE 2 B LTD

ABRIDGED FINANCIAL STATEMENTS

YEAR ENDED 31 JANUARY 2017

Company Registration Number - 08320728

KP SIMPSON

Certified Public Accountants

						1.
ACE PLAYCE 2 B LTD
COMPANY NUMBER - 08320728
Balance sheet as at 31 January 2017

			2017		2016
	Notes	£	£	£	£

FIXED ASSETS
Tangible assets	6		29,217		28,881
Current assets
Cash at bank and in hand		25,982		39,481
		25,982		39,481
Current liabilities
Creditors - Amounts
falling due within one year	7	43,516		39,390
NET CURRENT (LIABILITIES) ASSETS			(17,534)		91
Total assets less current liabilities			11,683		28,972
Provisions for liabilities
Deferred taxation	8		5,843		5,776
Net assets			5,840		23,196
CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and loss account			5,838		23,194
Shareholders' funds			5,840		23,196

These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the financial year ended 31 January 2017, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Approved by the board of directors on05 October 2017
and signed on their behalf by:

ALLISON LAVERICK	LEANNE RATCLIFFE

				2.
ACE PLAYCE 2 B LTD
Notes to the Financial Statements
For the year ended 31 January 2017
1. General Information

ACE PLAYCE 2 B LTD is a Private Company, limited by shares, domiciled in England and Wales, registration number 08320728.

The company's registered office is 172 ALBERT ROAD, JARROW, TYNE AND WEAR, NE32 5JA.

2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

This is the first year in which the financial statements have been prepared under FRS102. Details of the transition to FRS 102 are disclosed in note 11.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery - 25% reducing balance

Fixtures and fittings - 25% reducing balance

Motor vehicles - 20% straight line

Office and computer equipment - 25% reducing balance

Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.

Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

				3.
ACE PLAYCE 2 B LTD
Notes to the Financial Statements
For the year ended 31 January 2017

	2017		2016
	£		£

3. Profit on ordinary activities before taxation
The profit on ordinary activities
before taxation is after charging:
Depreciation of tangible fixed assets	7,873		7,078
Directors' emoluments	21,865		17,660

4. Tax on ordinary activities
UK Corporation tax at 20% (2016 20%)	3,094		1,728
Deferred taxation	67		850
	3,161		2,578
5. Dividends
Dividend on ordinary shares paid
	30,000		6,000
15000 per share
Total dividend payment	30,000		6,000

6. Fixed assets - tangible

	Plant and
	Machinery
	etc.
Cost or valuation	£
At 01 February 2016	42,396
Additions	8,209
At 31 January 2017	50,605
Depreciation
At 01 February 2016	13,515
Charge for year	7,873
At 31 January 2017	21,388
Net book values
At 31 January 2017	29,217
At 01 February 2016	28,881

				4.
ACE PLAYCE 2 B LTD
Notes to the Financial Statements
For the year ended 31 January 2017

	2017		2016
	£		£

7. Creditors
Amounts falling due within one year:
Trade creditors	6,371		4,121
Wages	-		775
Taxation and social security	22,811		9,634
Other creditors	14,334		24,860
	43,516		39,390

8. Deferred taxation
At 01 February 2016	5,776		4,926
Charged to profit and loss account	67		850
At 31 January 2017	5,843		5,776
Deferred taxation has been fully provided in respect of:
Accelerated capital allowances	29,216		28,881
9. Called up share capital

There was no change in share capital during the year.

Allotted, called up and fully paid
shares of £1 eachOrdinary A	2		2
10. Related party transactions
Dividends paid to directors

Dividends paid to directors in their capacity as shareholders during the year included:

£15000 toALLISON LAVERICK

£15000 toLEANNE RATCLIFFE

11. Impact of first year adoption of FRS102

The accounting policies applied under the company's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or the profit or loss.