Accounts filed on 31-01-2018

Accounts filed on 31-01-2018

ACE CARS (BEDFORD) LIMITED - Company Information

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08350392falseto provide private car hire services to the consumer and business markets.2017-02-012018-01-31http://www.companieshouse.gov.uk/2017-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2017-01-31http://www.companieshouse.gov.uk/cd:Director12017-02-012018-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2018-01-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2017-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12017-02-012018-01-31http://www.companieshouse.gov.uk/pt:MotorCars2017-01-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2018-01-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2017-02-012018-01-31http://www.companieshouse.gov.uk/pt:MotorCars2018-01-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2017-02-012018-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2018-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2017-01-31http://www.companieshouse.gov.uk/2017-02-012018-01-31http://www.companieshouse.gov.uk/2017-01-31http://www.companieshouse.gov.uk/cd:FRS1022017-02-012018-01-31http://www.companieshouse.gov.uk/2018-01-31http://www.companieshouse.gov.uk/cd:FullAccounts2017-02-012018-01-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2017-02-012018-01-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 08350392
Ace Cars (Bedford) Limited
ACCOUNTS
FOR THE YEAR ENDED 31/01/2018
Prepared By:
NWE Accounting Services Ltd
Bedford ILab
Stannard Way
Bedford
MK44 3RZ
Ace Cars (Bedford) Limited
ACCOUNTS
FOR THE YEAR ENDED 31/01/2018
DIRECTORS
Simon Robert Dickinson
REGISTERED OFFICE
170 Tyne Crescent
Bedford
MK41 7YB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08350392
ACCOUNTANTS
NWE Accounting Services Ltd
Bedford ILab
Stannard Way
Bedford
MK44 3RZ
Ace Cars (Bedford) Limited
ACCOUNTS
FOR THEYEARENDED31/01/2018
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Ace Cars (Bedford) Limited
BALANCE SHEET AT 31/01/2018
20182017
Notes££
FIXED ASSETS
Tangible assets26,6378,850
CURRENT ASSETS
Debtors324,13412,445
Cash at bank and in hand10,08111,356
34,21523,801
CREDITORS: Amounts falling due within one year431,67525,251
NET CURRENT ASSETS / (LIABILITIES)2,540(1,450)
TOTAL ASSETS LESS CURRENT LIABILITIES9,1777,400
CREDITORS: Amounts falling due after more than one year57,7507,750
NET ASSETS / (LIABILITIES)1,427(350)
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account1,425(352)
SHAREHOLDERS' FUNDS1,427(350)
For the year ending 31/01/2018 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.
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 27/09/2018 and signed on their behalf by
.............................
Simon Robert Dickinson
Director
Ace Cars (Bedford) Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2018
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.
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
2. TANGIBLE FIXED ASSETS
EquipmentMotor CarsTotal
£££
Cost
At 01/02/201725211,80012,052
At 31/01/201825211,80012,052
Depreciation
At 01/02/20172522,9503,202
For the year-2,2132,213
At 31/01/20182525,1635,415
Net Book Amounts
At 31/01/2018-6,6376,637
At 31/01/2017-8,8508,850
3. DEBTORS 20182017
££
Amounts falling due within one year
Trade debtors24,13412,445
24,13412,445
Ace Cars (Bedford) Limited
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20182017
££
UK corporation tax532603
VAT5,3452,546
Directors current account15,18113,028
Bank Loan-3,000
Trade creditors8,1173,714
Accruals2,5002,360
31,67525,251
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20182017
££
Loans >1yr7,7507,750
7,7507,750
6. EMPLOYEES
20182017
No.No.
Average number of employees--
7. SHARE CAPITAL 20182017
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22