Ace 4 Limited - Accounts to registrar (filleted) - small 18.2

Ace 4 Limited - Accounts to registrar (filleted) - small 18.2

ACE 4 LIMITED - Company Information

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REGISTERED NUMBER: 06991896 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2018

FOR

ACE 4 LIMITED
ACE 4 LIMITED (REGISTERED NUMBER: 06991896)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2018




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


ACE 4 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2018







DIRECTOR: R B Davies





REGISTERED OFFICE: Ibex House
162-164 Arthur Road
London
SW19 8AQ





REGISTERED NUMBER: 06991896 (England and Wales)





ACCOUNTANTS: Z group
Ibex House
162-164 Arthur Road
Wimbledon Park
London
SW19 8AQ
Page 1
ACE 4 LIMITED (REGISTERED NUMBER: 06991896)

BALANCE SHEET
31 AUGUST 2018

31.8.18 31.8.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,086 10,108

CURRENT ASSETS
Stocks 99,388 101,445
Debtors 5 70,628 12,616
Cash at bank 6 30,006
170,022 144,067
CREDITORS
Amounts falling due within one year 6 151,351 144,923
NET CURRENT ASSETS/(LIABILITIES) 18,671 (856 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
26,757
9,252

PROVISIONS FOR LIABILITIES (1,920 ) (1,920 )

ACCRUALS AND DEFERRED INCOME (3,500 ) -
NET ASSETS 21,337 7,332

CAPITAL AND RESERVES
Called up share capital 53 53
Retained earnings 21,284 7,279
21,337 7,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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 notes form part of these financial statements

Page 2 continued...
ACE 4 LIMITED (REGISTERED NUMBER: 06991896)

BALANCE SHEET - continued
31 AUGUST 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director on 7 November 2018 and were signed by:





R B Davies - Director


The notes form part of these financial statements

Page 3
ACE 4 LIMITED (REGISTERED NUMBER: 06991896)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2018

1. STATUTORY INFORMATION

Ace 4 Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs
in bringing stocks to their present location and condition.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different
from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and
laws that have been enacted or substantively enacted by the year end and that are expected to apply to the
reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 1 ) .

Page 4 continued...
ACE 4 LIMITED (REGISTERED NUMBER: 06991896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2018

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2017
and 31 August 2018 3,667 16,195 19,862
DEPRECIATION
At 1 September 2017 296 9,458 9,754
Charge for year 674 1,348 2,022
At 31 August 2018 970 10,806 11,776
NET BOOK VALUE
At 31 August 2018 2,697 5,389 8,086
At 31 August 2017 3,371 6,737 10,108

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.18 31.8.17
£    £   
Trade debtors 14,833 7,008
Other debtors 55,795 5,608
70,628 12,616

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.18 31.8.17
£    £   
Bank loans and overdrafts 3,465 6,877
Trade creditors 25,464 27,293
Taxation and social security 17,615 27,315
Other creditors 104,807 83,438
151,351 144,923

Page 5