pinacle - Company Accounts (iXBRL 6.0.17)

ACE PLAYCE 2 B LTD

FILLETED FINANCIAL STATEMENTS

YEAR ENDED 31 JANUARY 2018

Company Registration Number - 08320728

KP SIMPSON

Certified Public Accountants

	1.
ACE PLAYCE 2 B LTD
COMPANY NUMBER - 08320728
Balance sheet as at 31 January 2018

			2018		2017

	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	4		26,734		29,217
Current assets
Cash at bank and in hand		45,484		25,982
		45,484		25,982
Current liabilities
Creditors - Amounts
falling due within one year	5	41,830		43,516
NET CURRENT ASSETS (LIABILITIES)			3,654		(17,534)
Total assets less current liabilities			30,388		11,683
Provisions for liabilities
Deferred taxation	6		(5,487)		(5,843)
Net assets			24,901		5,840
CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss account			24,899		5,838
Shareholders' funds			24,901		5,840

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 directors' report and the profit and loss account have not been delivered.

For the financial year ended 31 January 2018, 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 on08 October 2018
and signed on their behalf by:
Leanne Ratcliffe
The notes on pages 2 to 4 form an integral part of these accounts.

	2.
ACE PLAYCE 2 B LTD
Notes to the Financial Statements
For the year ended 31 January 2018
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 9.

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% reducing balance

Office and computer equipment - 25% reducing balance

Taxation

Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and corresponding tax bases used in the computation of the of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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. Employees

The average number of persons employed by the company (including directors) during the year was 7 (2017 - 7).

	3.
ACE PLAYCE 2 B LTD
Notes to the Financial Statements
For the year ended 31 January 2018

4. Fixed assets - tangible

	Plant and
	Machinery
	etc.
Fair value	£
At 01 February 2017	50,605
Additions	5,395
At 31 January 2018	56,000
Depreciation
At 01 February 2017	21,388
Charge for year	7,878
At 31 January 2018	29,266
Net book values
At 31 January 2018	26,734
At 01 February 2017	29,217

	2018		2017
	£		£
5. Creditors
Amounts falling due within one year:
Trade creditors	18,264		6,371
Taxation and social security	16,491		22,842
Director's Current Accounts	6,075		13,303
Other creditors	1,000		1,000
	41,830		43,516
6. Deferred taxation
At 01 February 2017	5,843		5,843
(Credited) charged to profit and loss account	(356)		67
At 31 January 2018	5,487		5,910
Deferred taxation has been fully provided in respect of:
Accelerated capital allowances	28,881		29,216

	4.
ACE PLAYCE 2 B LTD
Notes to the Financial Statements
For the year ended 31 January 2018

	2018		2017
	£		£
7. 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

8. Related party transactions

9. 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.